Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Tonga
TONFCNODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,486.00
Year-over-Year Change
-29.50%
Date Range
1/1/2004 - 1/1/2014
Summary
This trend measures the number of loan accounts at deposit-taking institutions other than banks in Tonga. It provides insights into the broader financial services landscape and access to credit 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 number of loan accounts at other deposit-taking institutions, such as microfinance providers and credit unions, offers a more comprehensive view of financial inclusion beyond just traditional banks. This metric is used by policymakers and economists to assess the depth and diversity of the financial system.
Methodology
The data is collected through surveys of non-bank deposit-taking institutions in Tonga.
Historical Context
This trend is relevant for understanding financial sector development and the availability of credit to underserved populations in Tonga.
Key Facts
- Tonga has a population of around 105,000 people.
- Non-bank deposit takers account for a significant portion of financial services in Tonga.
- Improving access to credit is a key policy priority for the Tongan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts at deposit-taking institutions in Tonga other than commercial banks, such as microfinance providers and credit unions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the broader financial services landscape and access to credit in Tonga, beyond just the traditional banking sector. It is used by policymakers and economists to assess financial inclusion and the diversity of the 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 understanding financial sector development and the availability of credit to underserved populations in Tonga, which is a key policy priority for the government.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations in coverage of non-bank deposit-taking institutions in Tonga.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Deposit Takers for Tonga (TONFCNODDNUM), retrieved from FRED.