Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Samoa
WSMFCAODCHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192,633.00
Year-over-Year Change
89.91%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household deposit accounts at commercial banks in Samoa. It provides insight into the level of financial inclusion and access to banking services in 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 Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Samoa indicator tracks the total number of deposit accounts held by households at commercial banks operating in Samoa. This metric is used to assess financial access and the degree of financial inclusion within the Samoan population.
Methodology
The data is collected and reported by the central bank or financial regulatory authority in Samoa.
Historical Context
This trend is relevant for policymakers and economists analyzing financial development and inclusion in Samoa.
Key Facts
- Samoa is a small island nation in the South Pacific.
- Financial inclusion is a key development priority in Samoa.
- The number of household deposit accounts is a proxy for access to basic banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by households at commercial banks operating in Samoa. It provides insight into the level of financial inclusion and access to banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and economists analyzing financial development and inclusion in Samoa. It helps assess the degree to which the Samoan population has access to basic banking services and can participate in the formal financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the central bank or financial regulatory authority in Samoa.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to monitor financial inclusion and development in Samoa, and to inform policies and programs aimed at expanding access to banking services and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limited availability, as it relies on reporting from the Samoan financial authorities.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Commercial Banks for Samoa (WSMFCAODCHNUM), retrieved from FRED.