Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Tonga
TONFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,436,000.00
Year-over-Year Change
2046.19%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures outstanding deposits held at non-bank financial institutions in Tonga. It provides insights into the use of alternative financial services beyond traditional banks in the Tongan economy.
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 Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Tonga series tracks the total value of deposits held at non-bank deposit-taking institutions in the country. This metric offers a broader view of financial intermediation and access to diverse financial services beyond the formal banking sector.
Methodology
The data is collected through surveys of non-bank deposit-taking institutions in Tonga.
Historical Context
This trend is relevant for assessing financial inclusion and the development of the overall financial system in Tonga.
Key Facts
- Deposits at non-bank institutions in Tonga reached $X.XX billion in 20XX.
- Tonga has X non-bank deposit-taking entities as of the latest data.
- Outstanding deposits at non-banks account for X% of total financial system deposits in Tonga.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at non-bank deposit-taking institutions in Tonga, providing insights into the use of alternative financial services beyond traditional banks.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a broader view of financial intermediation and access to diverse financial services in the Tongan economy, which is important for assessing financial inclusion and the development of the overall financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-bank deposit-taking institutions in Tonga.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts evaluating financial inclusion and the development of the financial system in Tonga.
Q: Are there update delays or limitations?
A: The data may be subject to occasional update delays, and the coverage of non-bank deposit-taking entities may not be comprehensive.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Tonga (TONFCLODDXDC), retrieved from FRED.