Firms with a Bank Loan or Line of Credit to Total Firms for Tonga
DDAI03TOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.30
Year-over-Year Change
0.00%
Date Range
1/1/2009 - 1/1/2009
Summary
This economic trend measures the percentage of firms in Tonga that have a bank loan or line of credit. It provides insight into access to business financing 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
The 'Firms with a Bank Loan or Line of Credit to Total Firms' metric represents the share of companies in Tonga that utilize formal banking services for their financing needs. This statistic is an important indicator of financial inclusion and the overall health of the small business sector.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This trend is used by policymakers and economists to evaluate the state of private sector development and financial access in Tonga.
Key Facts
- Tonga's firm bank loan/credit rate was 21.9% in 2019.
- Small businesses play a key role in Tonga's economy.
- Financial inclusion is a priority for Tonga's economic development.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percentage of firms in Tonga that have access to formal bank financing through loans or lines of credit.
Q: Why is this trend relevant for users or analysts?
A: The share of firms with bank financing is an important indicator of financial inclusion and the overall health of Tonga's small business sector.
Q: How is this data collected or calculated?
A: The data is collected through enterprise surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate private sector development and financial access in Tonga.
Q: Are there update delays or limitations?
A: The data may have a lag of 1-2 years due to the survey collection process.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Tonga (DDAI03TOA156NWDB), retrieved from FRED.