Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Tonga
TONFCSODDHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,633,000.00
Year-over-Year Change
56.33%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures outstanding loans to households from Tongan deposit-taking institutions, excluding the central bank. It provides insights into household borrowing patterns and financial service usage in Tonga.
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 Outstanding Loans to Households at Other Deposit Takers for Tonga metric tracks the total value of loans extended by commercial banks and other deposit-taking institutions to Tongan households. This data point is used by economists and policymakers to assess the financial health and borrowing activity of the Tongan household sector.
Methodology
The data is collected and reported by the National Reserve Bank of Tonga.
Historical Context
This trend is relevant for understanding household credit conditions and financial inclusion in the Tongan economy.
Key Facts
- Tonga has a population of around 105,000 people.
- The Tongan economy is heavily dependent on tourism and agriculture.
- Household debt levels in Tonga are relatively low compared to other Pacific island nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by Tongan deposit-taking institutions, excluding the central bank, to Tongan households.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into household borrowing patterns and financial service usage in Tonga, which is useful for economists and policymakers analyzing the financial health and credit conditions of the Tongan household sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Reserve Bank of Tonga.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and market analysts to assess household credit conditions and financial inclusion in the Tongan economy, which can inform policy decisions and market strategies.
Q: Are there update delays or limitations?
A: The data is reported regularly by the National Reserve Bank of Tonga, but there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Tonga (TONFCSODDHXDC), retrieved from FRED.