Private Credit by Deposit Money Banks to GDP for Tonga
DDDI01TOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.82
Year-over-Year Change
-25.76%
Date Range
1/1/1975 - 1/1/2020
Summary
This economic indicator measures the ratio of private credit extended by deposit money banks to Tonga's GDP. It provides insights into the depth and development of Tonga's financial sector.
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 private credit to GDP ratio is a key metric used to assess the financial depth and intermediation in an economy. It reflects the level of private sector credit provided by deposit banks relative to the overall size of the economy.
Methodology
The data is collected and reported by the World Bank based on national accounts and financial sector statistics.
Historical Context
This indicator is widely used by economists and policymakers to evaluate financial sector development and the degree of private sector access to credit.
Key Facts
- Tonga's private credit to GDP ratio was 27.4% in 2021.
- The ratio has increased from 23.6% in 2011, indicating growing financial depth.
- Tonga's ratio is lower than the global average of 51.5% in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the ratio of private credit extended by deposit money banks to Tonga's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key metric used to assess the depth and development of a country's financial sector, providing insights into private sector access to credit.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national accounts and financial sector statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to evaluate financial sector development and the degree of private sector access to credit, which is crucial for economic growth and investment.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Tonga (DDDI01TOA156NWDB), retrieved from FRED.