Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Tonga
DDOI09TOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.43
Year-over-Year Change
-85.67%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures loans from non-resident banks to Tonga as a percentage of its GDP. It provides insights into Tonga's external debt and economic reliance on foreign lending.
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 'Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Tonga' metric tracks the value of loans from foreign banks to Tonga's government and private sector, expressed as a percentage of the country's Gross Domestic Product. This measure helps analyze Tonga's external financial position and dependence on international credit.
Methodology
The data is collected and reported by the World Bank's International Debt Statistics database.
Historical Context
This trend is used by economists, policymakers, and financial analysts to assess Tonga's macroeconomic stability and exposure to external shocks.
Key Facts
- Tonga's loans from non-resident banks were 23.1% of GDP in 2020.
- The trend has increased from 16.9% in 2010 to 23.1% in 2020.
- External debt is a key concern for Tonga's economic policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of loans from foreign (non-resident) banks to Tonga's government and private sector, as a percentage of the country's Gross Domestic Product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Tonga's external debt levels and economic reliance on foreign lending, which are important factors for assessing the country's macroeconomic stability and exposure to external shocks.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's International Debt Statistics database.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and financial analysts use this trend to evaluate Tonga's external financial position and inform decisions related to macroeconomic management and debt sustainability.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Tonga (DDOI09TOA156NWDB), retrieved from FRED.