Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Tonga
TONFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.12
Year-over-Year Change
2.62%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the outstanding loans from commercial banks to households in Tonga as a percentage of the country's GDP. It provides insight into the level of financial services utilization and household 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 'Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Tonga' tracks the value of outstanding loans from commercial banks to Tongan households. This metric is a key indicator of financial inclusion and the depth of the domestic credit market.
Methodology
The data is collected and calculated by the Central Bank of Tonga.
Historical Context
This trend is used by policymakers and analysts to assess the development of the Tongan financial sector and its role in supporting household consumption and investment.
Key Facts
- Tonga's outstanding bank loans to households were 35.3% of GDP in 2021.
- This trend has increased from 27.5% of GDP in 2010, indicating growing financial inclusion.
- The Central Bank of Tonga publishes this data quarterly.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of outstanding loans from commercial banks to households in Tonga, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and the depth of the domestic credit market in Tonga, which are important indicators of economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Tonga.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the development of Tonga's financial sector and its role in supporting household consumption and investment.
Q: Are there update delays or limitations?
A: The Central Bank of Tonga publishes this data quarterly, with no known significant delays or limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Tonga (TONFCSODCHGGDPPT), retrieved from FRED.