Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Samoa
WSMFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.46
Year-over-Year Change
74.19%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial bank branches per 100,000 adults in Samoa, providing insights into the geographical outreach and accessibility of financial 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 'Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Samoa' series tracks the density of bank branches, which is a key indicator of financial inclusion and the reach of the formal banking system within the population.
Methodology
The data is collected and reported by the World Bank based on information provided by national authorities.
Historical Context
This metric is widely used by policymakers, regulators, and development economists to assess financial sector development and access to banking services.
Key Facts
- Samoa had 8.7 commercial bank branches per 100,000 adults in 2020.
- The branch density in Samoa is lower than the global average of 11.7 branches per 100,000 adults.
- Access to banking services is an important driver of economic growth and poverty reduction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 100,000 adults in Samoa, providing insights into the geographical outreach and accessibility of formal banking services.
Q: Why is this trend relevant for users or analysts?
A: The density of bank branches is a key indicator of financial inclusion and the reach of the formal banking system within the population, which is important for economic development and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by national authorities in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and development economists use this metric to assess financial sector development and access to banking services, which informs policies aimed at improving financial inclusion.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture rapid changes in the banking sector.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Samoa (WSMFCBODCANUM), retrieved from FRED.