External Trade: Volume of Exports of Goods and Services for Tonga
TONTXRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-4.96
Year-over-Year Change
-155.61%
Date Range
1/1/2016 - 1/1/2018
Summary
The External Trade: Volume of Exports of Goods and Services for Tonga measures the total volume of goods and services exported from the Tongan economy. This metric is closely watched by economists and policymakers to gauge the health of Tonga's external trade sector.
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
This series tracks the overall volume of exports from Tonga, including both goods and services. It provides insight into the country's trade balance, competitiveness, and participation in the global economy. Economists use this data to analyze Tonga's export performance and its impact on economic growth.
Methodology
The data is collected and calculated by the Tongan government statistical agency.
Historical Context
Policymakers use this export volume metric to inform decisions around trade policy, exchange rate management, and export promotion strategies.
Key Facts
- Tonga's exports account for over 20% of its GDP.
- Services make up 60% of Tonga's total export value.
- Tonga's main export partners are Australia, New Zealand, and the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of goods and services exported from the Tongan economy, providing insight into the country's trade performance and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This export volume metric is closely watched by economists and policymakers to gauge the health of Tonga's external trade sector and its impact on overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Tongan government statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers use this export volume metric to inform decisions around trade policy, exchange rate management, and export promotion strategies.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric does not capture informal or unrecorded export activities.
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Citation
U.S. Federal Reserve, External Trade: Volume of Exports of Goods and Services for Tonga (TONTXRPCPPPT), retrieved from FRED.