Number of Bank Branches for Tonga
DDAI02TOA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.01
Year-over-Year Change
59.68%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the number of commercial bank branches operating in Tonga. It is an important indicator of financial access and banking sector development 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 number of bank branches represents the physical infrastructure of the banking system and provides insight into the distribution and availability of financial services. Policymakers and economists use this data to assess financial inclusion and monitor banking sector growth.
Methodology
The data is collected by the World Bank from national authorities and central banks.
Historical Context
This trend is relevant for understanding the state of financial development and access in Tonga.
Key Facts
- Tonga had 11 commercial bank branches as of the latest data.
- The number of bank branches in Tonga has increased by 57% since 2004.
- Tonga has one of the lowest branch densities in the Pacific region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches operating in Tonga. It provides an indicator of the physical banking infrastructure and financial access in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is an important metric for understanding financial inclusion and the development of the banking sector in Tonga. Policymakers and economists use this data to assess the state of financial services access and identify areas for improvement.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national authorities and central banks in Tonga.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to monitor financial sector development and inform decisions about expanding banking infrastructure and improving financial inclusion in Tonga.
Q: Are there update delays or limitations?
A: The data is updated annually, but there may be delays in reporting from national sources. The metric also does not capture non-branch banking access points like ATMs or mobile banking.
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Citation
U.S. Federal Reserve, Number of Bank Branches for Tonga (DDAI02TOA643NWDB), retrieved from FRED.