Tonga: Financial institutions development, depth

* indicates monthly or quarterly data series
 Tonga

Financial institutions development, depth

 Latest value 0.079
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.071
 Min - Max 0.031 - 0.110
 Source International Monetary Fund
For that indicator, we provide data for Tonga from 1980 to 2021. The average value for Tonga during that period was 0.071 index points with a minimum of 0.031 index points in 1980 and a maximum of 0.11 index points in 2007. The latest value from 2021 is 0.079 index points. For comparison, the world average in 2021 based on 175 countries is 0.291 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Tonga - Financial institutions development, depth - Recent values chart

Historical chart
Tonga - Financial institutions development, depth - historical chart - 1980-2021




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.


 Related indicators Latest value Reference Measure
 Financial development 0.235 2021 index points
 Financial institutions development 0.461 2021 index points
 Financial institutions development, depth 0.079 2021 index points
 Financial institutions development, access 0.567 2021 index points
 Financial institutions development, efficiency 0.677 2021 index points
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