Use of Financial Services: Number of Loan Accounts for Households at Other Financial Intermediaries for Samoa
WSMFCNMHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51,778.00
Year-over-Year Change
14.19%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the number of loan accounts held by households with other financial intermediaries in Samoa. It provides insights into the usage of financial services and credit access in 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: Number of Loan Accounts for Households at Other Financial Intermediaries for Samoa' series tracks the total number of loan accounts maintained by Samoan households with financial institutions other than commercial banks, such as microfinance providers and cooperatives. This metric is useful for analyzing financial inclusion and the availability of alternative credit sources in the country.
Methodology
The data is collected through surveys and reporting from Samoan financial institutions.
Historical Context
Policymakers and analysts use this trend to evaluate the development of Samoa's financial sector and access to credit for households.
Key Facts
- Samoa has a population of approximately 200,000 people.
- The Samoan financial sector is dominated by commercial banks and microfinance institutions.
- Access to credit is an important driver of economic development in Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by Samoan households with financial institutions other than commercial banks, such as microfinance providers and cooperatives.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and the availability of alternative credit sources in the Samoan economy, which is useful for policymakers and analysts evaluating the development of the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Samoan financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the development of Samoa's financial sector and access to credit for households.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or incomplete coverage of all financial institutions in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Households at Other Financial Intermediaries for Samoa (WSMFCNMHNUM), retrieved from FRED.