Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Samoa
WSMFCAODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
236,984.00
Year-over-Year Change
31.71%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the use of deposit accounts at other depository corporations in Samoa. It provides insights into the financial services and banking activity within the Samoan economy.
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: Accounts at Other Depository Corporations for Samoa series tracks the number of deposit accounts held at institutions other than the central bank in Samoa. This metric offers valuable data on the level of financial inclusion and access to banking services within the country.
Methodology
The data is collected and reported by the Central Bank of Samoa.
Historical Context
This trend is used by economists and policymakers to assess the development of Samoa's financial sector and progress towards greater financial inclusion.
Key Facts
- Samoa is a Pacific island country in Polynesia.
- The Central Bank of Samoa is the main financial regulator.
- Access to banking services is an important development goal in Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at institutions other than the central bank in Samoa, providing insights 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 economists and policymakers as it offers valuable data on the development of Samoa's financial sector and progress towards greater financial inclusion, which is an important development goal.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Samoa.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the level of financial inclusion and access to banking services in Samoa, which informs economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data may be subject to occasional update delays, and the coverage may be limited to certain financial institutions in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Samoa (WSMFCAODNUM), retrieved from FRED.