Ease of doing business index for Tonga
ICBUSEASEXQTON • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Tonga measures the regulatory environment and business climate in the country. It is a key indicator of economic competitiveness and investment potential.
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 Ease of Doing Business Index evaluates various factors that impact the ease of starting, operating, and closing a business in Tonga. The index covers areas such as starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency.
Methodology
The data is collected through surveys of local experts and researchers.
Historical Context
The index is widely used by policymakers, investors, and economic analysts to assess Tonga's business environment and competitiveness.
Key Facts
- Tonga ranked 103 out of 190 countries in the 2020 Ease of Doing Business Index.
- The index ranges from 0 (least business-friendly) to 100 (most business-friendly).
- Tonga has made progress in areas like starting a business and trading across borders.
FAQs
Q: What does this economic trend measure?
A: The Ease of Doing Business Index for Tonga measures the regulatory environment and overall business climate in the country.
Q: Why is this trend relevant for users or analysts?
A: The index is a key indicator of Tonga's economic competitiveness and investment potential, making it relevant for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local experts and researchers.
Q: How is this trend used in economic policy?
A: The Ease of Doing Business Index is widely used by policymakers, investors, and analysts to assess Tonga's business environment and competitiveness.
Q: Are there update delays or limitations?
A: The index is updated annually, but there may be delays in data availability or limitations in the scope of factors measured.
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Citation
U.S. Federal Reserve, Ease of doing business index for Tonga (ICBUSEASEXQTON), retrieved from FRED.