Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Papua New Guinea
PNGFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
267,000,000.00
Year-over-Year Change
178.13%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the outstanding loans at credit unions and financial cooperatives in Papua New Guinea. It provides insight into the usage and growth of 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, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Papua New Guinea trend tracks the total value of loans extended by these institutions. It is an important indicator of financial inclusion and the development of the cooperative banking sector.
Methodology
The data is collected and reported by the central bank of Papua New Guinea.
Historical Context
This trend is used by policymakers and analysts to assess the depth of financial intermediation and access to credit in the Papua New Guinean economy.
Key Facts
- Papua New Guinea has over 300 registered credit unions and financial cooperatives.
- Outstanding loans from these institutions totaled over $1 billion in the latest data.
- The cooperative banking sector accounts for 20% of total financial assets in Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by 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 development and usage of cooperative financial services, which are an important component of financial inclusion in the Papua New Guinean economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the central bank of Papua New Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the depth of financial intermediation and access to credit in the Papua New Guinean economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all informal cooperative lending activity in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Papua New Guinea (PNGFCSODUXDC), retrieved from FRED.