Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Deposit Takers for Tonga
TONFCBODDLNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
66.67%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of branches, excluding headquarters, for other deposit takers in the three largest cities in Tonga. It provides insights into the geographical outreach and accessibility of financial services 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 'Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Deposit Takers for Tonga' series tracks the number of branch locations operated by deposit-taking institutions, such as banks, in Tonga's three largest urban areas. This data is used to assess the financial inclusion and accessibility of the country's banking network.
Methodology
The data is collected through surveys of financial institutions operating in Tonga.
Historical Context
This metric is relevant for policymakers and analysts evaluating the spatial distribution of financial services and identifying areas for potential expansion.
Key Facts
- Tonga has a population of over 105,000 people.
- The three largest cities in Tonga are Nukuʻalofa, Neiafu, and Pangai.
- The number of bank branches in Tonga's three largest cities can indicate the level of financial access for the population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, operated by other deposit-taking institutions, such as banks, in the three largest cities in Tonga.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for assessing the geographical outreach and accessibility of financial services in Tonga, which is important for evaluating financial inclusion and potential areas for expansion.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions operating in Tonga.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the spatial distribution of financial services and identify areas for potential expansion to improve financial inclusion in Tonga.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations in the coverage of financial institutions surveyed.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Other Deposit Takers for Tonga (TONFCBODDLNUM), retrieved from FRED.