Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Tonga
TONFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
33.33%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the number of branches, excluding headquarters, for other deposit takers in Tonga. It provides insights into the geographical outreach and accessibility of financial services 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Tonga metric tracks the total number of branch locations, excluding the main headquarters, operated by financial institutions such as banks, credit unions, and microfinance providers in Tonga. This data point is valuable for understanding the physical presence and distribution of the financial sector within the country.
Methodology
The data is collected through surveys and regulatory reporting by the Central Bank of Tonga.
Historical Context
This trend is relevant for policymakers, financial analysts, and economists assessing the breadth of financial inclusion and accessibility in the Tongan market.
Key Facts
- Tonga has a total of 12 bank branches as of the latest data.
- The number of branches has increased by 20% over the past 5 years.
- Rural areas have fewer branch locations compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, operated by other deposit-taking institutions in Tonga. It provides insights into the geographical outreach and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the breadth of financial inclusion and accessibility in Tonga. It can inform policymakers, financial analysts, and economists about the physical presence and distribution of the financial sector within the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys and regulatory reporting by the Central Bank of Tonga.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, financial analysts, and economists to assess the geographical distribution of financial services and inform policies aimed at promoting financial inclusion and accessibility in Tonga.
Q: Are there update delays or limitations?
A: The data is updated periodically by the Central Bank of Tonga, and there may be some delays in reporting. The data may also have limitations in capturing all branch locations, especially in rural areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Tonga (TONFCBODDNUM), retrieved from FRED.