Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Papua New Guinea
PNGFCSODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,668,000,000.00
Year-over-Year Change
262.07%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend measures the outstanding loans at other depository corporations in Papua New Guinea. It provides insight into the level of financial activity and lending in the country's 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, Assets: Outstanding Loans at Other Depository Corporations for Papua New Guinea data series tracks the total value of loans and advances held by other depository corporations, which include commercial banks and similar financial institutions operating in Papua New Guinea.
Methodology
The data is collected and reported by the Bank of Papua New Guinea.
Historical Context
This metric is used by economists and policymakers to monitor credit conditions and financial sector stability in the Papua New Guinean economy.
Key Facts
- Papua New Guinea is a developing economy in the South Pacific region.
- The banking sector plays a crucial role in Papua New Guinea's financial system.
- Outstanding loans reflect the level of credit extended by financial institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans and advances held by other depository corporations, such as commercial banks, in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial activity and credit conditions in Papua New Guinea's banking sector, which is important for assessing economic and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Papua New Guinea, the country's central bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor credit conditions and financial sector developments in Papua New Guinea, which can inform decisions on monetary and financial policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and procedures of the Bank of Papua New Guinea, and there may be occasional delays or revisions in the published figures.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Papua New Guinea (PNGFCSODXDC), retrieved from FRED.