Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Tonga
TONFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.01
Year-over-Year Change
59.68%
Date Range
1/1/2004 - 1/1/2018
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in Tonga, providing insights into the geographic reach and accessibility of financial services.
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 Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Tonga statistic offers a standardized metric to assess the physical presence and distribution of banking infrastructure across the population. This indicator is used to evaluate financial inclusion and the degree to which formal financial services are available to citizens.
Methodology
The data is collected and calculated by the World Bank using information from national authorities and censuses.
Historical Context
This metric is relevant for policymakers, development economists, and financial sector analysts studying financial access and economic growth in Tonga.
Key Facts
- Tonga had 7.6 commercial bank branches per 100,000 adults in 2020.
- This metric has remained relatively stable in Tonga over the past decade.
- Access to banking services is a key driver of financial inclusion and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Tonga, providing insights into the geographical reach and accessibility of formal financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and access to banking infrastructure, which are key drivers of economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national authorities and censuses.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, development economists, and financial sector analysts to study financial access and guide policies aimed at improving financial inclusion in Tonga.
Q: Are there update delays or limitations?
A: The data is published annually, with a potential delay of 1-2 years. The metric may not capture informal or digital financial services that are not reflected in physical branch networks.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Tonga (TONFCBODCANUM), retrieved from FRED.