Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Papua New Guinea
PNGFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.62
Year-over-Year Change
166.45%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures outstanding loans from commercial banks in Papua New Guinea as a percentage of the country's GDP. It provides insight into the financial services utilization and access to credit within the economy.
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, Outstanding Loans from Commercial Banks for Papua New Guinea tracks the volume of commercial bank lending relative to the size of the economy. This metric is used by economists and policymakers to assess financial inclusion and the depth of the banking system.
Methodology
The data is collected and calculated by the World Bank from national sources.
Historical Context
This indicator informs discussions around economic development and the role of the financial sector in Papua New Guinea.
Key Facts
- Papua New Guinea's outstanding commercial bank loans were 19.4% of GDP in 2021.
- This metric has increased from 15.7% in 2011, indicating growing financial access.
- The World Bank collects this data annually from national sources.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of outstanding loans from commercial banks in Papua New Guinea as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the depth and utilization of the financial system, which is important for understanding economic development in Papua New Guinea.
Q: How is this data collected or calculated?
A: The data is collected and calculated annually by the World Bank from national sources in Papua New Guinea.
Q: How is this trend used in economic policy?
A: This metric informs discussions around financial inclusion and the role of the banking sector in supporting economic growth and development in Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Papua New Guinea (PNGFCSODCGGDPPT), retrieved from FRED.