Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Papua New Guinea
PNGFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,119.00
Year-over-Year Change
201.05%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend measures the number of loan accounts at deposit-taking institutions other than commercial banks in Papua New Guinea. It provides insight into the overall use of financial services outside the traditional banking sector.
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: Number of Loan Accounts at Other Deposit Takers for Papua New Guinea tracks the total number of loan accounts held at non-bank deposit-taking institutions in the country, such as microfinance providers and credit unions. This metric offers valuable context on financial inclusion and the development of the broader financial system.
Methodology
The data is collected through surveys of deposit-taking institutions in Papua New Guinea.
Historical Context
Policymakers and analysts use this trend to assess financial access and the evolving role of non-bank financial services.
Key Facts
- Papua New Guinea has a large informal economy.
- Non-bank deposit takers play a crucial role in financial inclusion.
- Loan accounts at non-banks have grown rapidly in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held at deposit-taking institutions in Papua New Guinea that are not commercial banks, such as microfinance providers and credit unions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the development of Papua New Guinea's financial system and the extent of financial inclusion beyond the traditional banking sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-bank deposit-taking institutions in Papua New Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess financial access and the evolving role of non-bank financial services in Papua New Guinea's economy.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting, and it only covers non-bank deposit-taking institutions, not the entire financial system.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Papua New Guinea (PNGFCNODDNUM), retrieved from FRED.