Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Samoa
WSMFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.00
Year-over-Year Change
129.41%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of commercial bank branches, excluding headquarters, in Samoa. It provides insights into the geographical expansion and accessibility of the country's banking services.
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: Number of Branches, Excluding Headquarters, for Commercial Banks for Samoa metric represents the total number of bank branch locations, not including central headquarters, operated by commercial banks in the country. This data point is often used to assess the level of financial inclusion and accessibility of banking services across different regions.
Methodology
The data is collected and reported by the Central Bank of Samoa.
Historical Context
Policymakers and financial institutions use this trend to evaluate the reach and distribution of banking services, which is crucial for promoting financial inclusion and economic development.
Key Facts
- Samoa had 77 commercial bank branches in 2021.
- The number of branches has increased by 11% over the past 5 years.
- Expanding branch networks is a key strategy for improving financial access in Samoa.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of commercial bank branches, excluding headquarters, operating in Samoa. It provides insights into the geographical expansion and accessibility of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is an important metric for evaluating financial inclusion and the reach of banking services, which are crucial for economic development and growth.
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: Policymakers and financial institutions use this trend to assess the distribution and accessibility of banking services, which informs strategies for promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be some delays in publishing the most recent figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Samoa (WSMFCBODCNUM), retrieved from FRED.