Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Tonga
TONFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
472,563,000.00
Year-over-Year Change
93.72%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the outstanding loans at commercial banks in Tonga, providing insights into the country's financial services usage and economic activity.
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, Assets: Outstanding Loans at Commercial Banks for Tonga data series tracks the total value of loans held by commercial banks in the Tongan economy. This metric reflects the level of credit availability and utilization, which is a key indicator of financial sector development and economic performance.
Methodology
The data is collected and reported by the Central Bank of Tonga.
Historical Context
This trend is widely used by policymakers, analysts, and investors to assess the state of Tonga's financial system and broader economic conditions.
Key Facts
- Tonga is a small island nation in the South Pacific.
- Commercial bank loans are a key source of credit for businesses and households in Tonga.
- The outstanding loan value reflects the overall level of economic activity in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by commercial banks in Tonga. It provides insights into the level of credit availability and utilization in the country's financial system.
Q: Why is this trend relevant for users or analysts?
A: The outstanding commercial bank loans metric is a key indicator of financial sector development and economic performance in Tonga. It is widely used by policymakers, analysts, and investors to assess the state of the Tongan economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Tonga.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor credit conditions, gauge economic activity, and inform policies aimed at promoting financial sector development and overall economic growth in Tonga.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Tonga, but there may be some delays in reporting or limitations in coverage that users should be aware of.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Tonga (TONFCSODCXDC), retrieved from FRED.