Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Papua New Guinea
PNGFCNODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.74
Year-over-Year Change
-29.75%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic indicator tracks the number of loan accounts per 1,000 adults held with credit unions and financial cooperatives in Papua New Guinea. It provides insight into the use of formal financial services in the country.
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: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Papua New Guinea' metric measures access to credit from non-bank financial institutions. It is used to assess financial inclusion and the development of the cooperative banking sector.
Methodology
The data is collected and reported by the International Monetary Fund's Financial Access Survey.
Historical Context
This indicator informs policymakers and analysts about the degree of formal financial services usage in Papua New Guinea.
Key Facts
- Papua New Guinea has a population of over 8 million people.
- Credit unions and cooperatives are a major source of financial services in the country.
- This indicator has been tracked since 2004.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of loan accounts per 1,000 adults held with credit unions and financial cooperatives in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the level of financial inclusion and access to formal credit sources in the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund's Financial Access Survey.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the development of the cooperative banking sector and progress on financial inclusion in Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be lags or gaps in reporting from some financial institutions.
Related Trends
Value of Exports to Papua New Guinea from Iowa
IAPNGA052SCEN
Boone Indicator in Banking Market for Papua New Guinea
DDOI05PGA156NWDB
Value of Exports to Papua New Guinea from North Carolina
NCPNGA052SCEN
Number of Identified Exporters to Papua New Guinea from Missouri
MOPNGA475SCEN
Number of Identified Exporters to Papua New Guinea from Texas
TXPNGA475SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Papua New Guinea
PNGFCLODXDC
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Papua New Guinea (PNGFCNODUANUM), retrieved from FRED.