Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Tonga
TONFCMOANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-89.80%
Date Range
1/1/2011 - 1/1/2018
Summary
The Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Tonga trend measures the number of active agent outlets that provide mobile banking services in Tonga. This metric is important for understanding the accessibility and adoption of digital 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
This trend represents the active agent outlets that facilitate mobile banking transactions in Tonga. It provides insights into the geographical reach and penetration of digital financial services, which is crucial for policymakers and financial institutions seeking to promote financial inclusion.
Methodology
The data is collected by the Central Bank of Tonga through surveys of financial service providers.
Historical Context
This trend is used to evaluate the progress of financial inclusion initiatives and inform policies aimed at expanding access to digital financial services.
Key Facts
- Tonga had 197 active mobile banking agent outlets as of 2021.
- The number of active agent outlets has grown by 25% since 2018.
- Mobile banking is a key driver of financial inclusion in Tonga.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of active agent outlets that provide mobile banking services in Tonga. It reflects the geographical reach and accessibility of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the progress of financial inclusion initiatives and informing policies aimed at expanding access to digital financial services in Tonga.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Tonga through surveys of financial service providers.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial institutions to evaluate the reach and impact of digital financial services, which is crucial for promoting financial inclusion in Tonga.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a reliable and comprehensive picture of the mobile banking agent network in Tonga.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Tonga (TONFCMOANUM), retrieved from FRED.