Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Samoa
WSMFCDODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,356.90
Year-over-Year Change
74.58%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator measures the number of depositors with commercial banks per 1,000 adults in Samoa. It provides insight into financial inclusion and the accessibility of formal banking services for the population.
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: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Samoa' metric tracks the breadth of commercial banking usage among Samoan adults. It is an important measure of financial development and can inform policies aimed at promoting greater financial inclusion.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) Database.
Historical Context
This indicator is widely used by policymakers, economists, and development organizations to assess the progress of financial inclusion initiatives in Samoa and enable cross-country comparisons.
Key Facts
- Samoa had 583 depositors with commercial banks per 1,000 adults in 2017.
- The number of depositors per 1,000 adults in Samoa has increased by over 50% since 2011.
- Financial inclusion remains a key policy priority for the government of Samoa.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of adults in Samoa who have an account at a commercial bank per 1,000 people. It provides insight into the level of financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the progress of financial inclusion initiatives in Samoa and enabling cross-country comparisons. It is widely used by policymakers, economists, and development organizations to inform policies and strategies aimed at promoting greater access to financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) Database.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, central banks, and international organizations to assess the effectiveness of financial inclusion policies and programs in Samoa. It helps inform decisions on how to improve access to and usage of formal financial services.
Q: Are there update delays or limitations?
A: The data is published by the World Bank on a periodic basis, typically every 3 years. There may be some delay in the availability of the most recent data points.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Samoa (WSMFCDODCANUM), retrieved from FRED.