National Accounts: Real Total Domestic Demand for Tonga
TONNTDDRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.38
Year-over-Year Change
-14.09%
Date Range
1/1/2016 - 1/1/2024
Summary
The National Accounts: Real Total Domestic Demand for Tonga measures the total domestic consumption and investment in Tonga, adjusted for inflation. It is a key indicator of the overall economic activity and purchasing power within 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 Real Total Domestic Demand for Tonga is a comprehensive economic indicator that captures both private and government consumption, as well as investment. It provides insights into the strength and stability of domestic demand, which is crucial for understanding Tonga's economic growth and development.
Methodology
The data is collected and calculated by the Tongan Department of Statistics based on national accounts and expenditure data.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the health of Tonga's domestic economy and inform economic policies and investment decisions.
Key Facts
- Tonga's Real Total Domestic Demand reached a high of 1.29 in 2019.
- Domestic demand decreased by 7.4% in 2020 due to the COVID-19 pandemic.
- Real Total Domestic Demand is a key component of Tonga's Gross Domestic Product (GDP).
FAQs
Q: What does this economic trend measure?
A: The National Accounts: Real Total Domestic Demand for Tonga measures the total domestic consumption and investment in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This trend is a crucial indicator of the overall economic activity and purchasing power within Tonga, providing insights into the strength and stability of the country's domestic demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Tongan Department of Statistics based on national accounts and expenditure data.
Q: How is this trend used in economic policy?
A: This trend is widely used by policymakers, economists, and market analysts to assess the health of Tonga's domestic economy and inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical release schedule and potential revisions by the Tongan Department of Statistics.
Related Trends
Liquid Liabilities to GDP for Tonga
DDDI05TOA156NWDB
Constant GDP per capita for Tonga
NYGDPPCAPKDTON
Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Tonga
TONFCSODCHXDC
Net migration for Tonga
SMPOPNETMTON
Gross Domestic Product Per Capita for Tonga
PCAGDPTOA646NWDB
Number of Identified Exporters to Tonga from New York
NYTONA475SCEN
Citation
U.S. Federal Reserve, National Accounts: Real Total Domestic Demand for Tonga (TONNTDDRPCPPPT), retrieved from FRED.