Central Bank Assets to GDP for Tonga
DDDI06TOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-85.86%
Date Range
1/1/1989 - 1/1/2020
Summary
The Central Bank Assets to GDP for Tonga measures the size of the central bank's balance sheet relative to the country's overall economic output. This indicator provides insights into the central bank's role and the level of monetary policy intervention 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 Central Bank Assets to GDP ratio represents the total assets held by Tonga's central bank, expressed as a percentage of the country's gross domestic product. This metric is widely used by economists and policymakers to assess the scale of the central bank's balance sheet and its potential influence on monetary policy and financial stability.
Methodology
The data is collected by the World Bank based on official reports from Tonga's central bank.
Historical Context
Trends in this indicator can inform analysis of the central bank's monetary policy stance and its impact on the broader Tongan economy.
Key Facts
- Tonga's central bank assets were equivalent to 34.3% of GDP in 2020.
- The ratio has increased from 26.9% in 2010, indicating an expanded central bank balance sheet.
- Central bank assets as a share of GDP provide insights into the scale of monetary policy interventions.
FAQs
Q: What does this economic trend measure?
A: The Central Bank Assets to GDP for Tonga measures the size of the central bank's balance sheet relative to the country's overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the central bank's role and the level of monetary policy intervention in the Tongan economy, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank based on official reports from Tonga's central bank.
Q: How is this trend used in economic policy?
A: Trends in this indicator can inform analysis of the central bank's monetary policy stance and its impact on the broader Tongan economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Central Bank Assets to GDP for Tonga (DDDI06TOA156NWDB), retrieved from FRED.