Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Tonga
TONFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,042,000.00
Year-over-Year Change
38.57%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the outstanding loans at other deposit takers in Tonga, providing insights into the country's financial services and lending activities.
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 'Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Tonga' metric tracks the total value of loans extended by non-bank financial institutions in Tonga. It offers a window into the broader financial landscape and lending dynamics within the Tongan economy.
Methodology
The data is collected by the National Reserve Bank of Tonga.
Historical Context
This trend is used by economists and policymakers to assess the health and activity of Tonga's financial sector.
Key Facts
- Tonga is a small island nation in the South Pacific.
- The outstanding loans metric tracks non-bank financial institutions.
- This data offers insights into Tonga's financial sector and lending dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans extended by non-bank financial institutions in Tonga.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health and activity of Tonga's financial sector, which is important for economists and policymakers assessing the country's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the National Reserve Bank of Tonga.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the lending activities and financial health of Tonga's economy.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the National Reserve Bank of Tonga.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Tonga (TONFCSODDXDC), retrieved from FRED.