Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Papua New Guinea
PNGFCLODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
480,000,000.00
Year-over-Year Change
175.86%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the outstanding deposits at credit unions and financial cooperatives in Papua New Guinea, providing insight into the use of financial services and liquidity in the country's financial system.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Papua New Guinea trend represents the total value of deposits held at these institutions, which are an important part of the country's financial infrastructure and contribute to economic development.
Methodology
The data is collected through surveys and reporting from credit unions and financial cooperatives in Papua New Guinea.
Historical Context
This trend is used by policymakers and analysts to assess the level of financial inclusion and the health of the cooperative banking sector in the country.
Key Facts
- Papua New Guinea has over 300 registered credit unions and financial cooperatives.
- Deposits at these institutions account for approximately 10% of the country's total bank deposits.
- The cooperative banking sector has experienced steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at credit unions and financial cooperatives in Papua New Guinea, providing insight into the use of these financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of financial inclusion and the health of the cooperative banking sector in Papua New Guinea, which is an important component of the country's financial system and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from the credit unions and financial cooperatives operating in Papua New Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the accessibility and utilization of financial services, particularly in rural and underserved areas, and to inform policies that promote financial inclusion and cooperative banking.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays, and the coverage of credit unions and financial cooperatives in the country may not be comprehensive.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Papua New Guinea (PNGFCLODUXDC), retrieved from FRED.