Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Tonga
DDDI12TOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.82
Year-over-Year Change
-25.76%
Date Range
1/1/1975 - 1/1/2020
Summary
This economic trend measures the ratio of private credit provided by deposit money banks and other financial institutions to the gross domestic product (GDP) in Tonga.
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 private credit to GDP ratio is a key indicator of financial depth and development in an economy. It reflects the extent to which the private sector has access to credit from the formal financial system.
Methodology
The data is calculated by the World Bank using official national accounts and financial sector data.
Historical Context
This trend is widely used by economists and policymakers to assess the health and efficiency of a country's financial system.
Key Facts
- Tonga's private credit to GDP ratio was 36.8% in 2020.
- This ratio has fluctuated between 30-40% over the past decade.
- A higher ratio indicates a more developed financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to the gross domestic product (GDP) in Tonga.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial depth and development, reflecting the extent to which the private sector has access to credit from the formal financial system.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to assess the health and efficiency of a country's financial system, which is crucial for economic growth and development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Tonga (DDDI12TOA156NWDB), retrieved from FRED.