Financial System Deposits to GDP for Tonga
DDDI08TOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.27
Year-over-Year Change
33.07%
Date Range
1/1/1975 - 1/1/2020
Summary
The Financial System Deposits to GDP for Tonga measures the size of the country's banking and financial system relative to its overall economic output.
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
This metric provides insight into the development and importance of the financial sector in Tonga's economy. It can indicate the degree of financial intermediation and access to banking services.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments statistics.
Historical Context
Policymakers and analysts use this indicator to assess financial sector depth and progress in financial development.
Key Facts
- Tonga's Financial System Deposits to GDP ratio was 61.4% in 2020.
- This metric has grown steadily from 52.5% in 2010.
- Tonga's ratio is higher than the regional average for East Asia and Pacific.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Tonga measures the total value of deposits held in the country's banking and financial institutions as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and development of Tonga's financial sector relative to the overall economy, which is an important indicator of financial depth and intermediation.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments statistics for Tonga.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the level of financial sector development and progress in improving access to banking and financial services in Tonga.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Tonga (DDDI08TOA156NWDB), retrieved from FRED.