Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Samoa
WSMFCDODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,273.98
Year-over-Year Change
154.64%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household depositors with commercial banks per 1,000 adults in Samoa. It is an important indicator of financial inclusion and access to 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 'Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Samoa' series tracks the level of banking sector participation among the adult population in Samoa. This metric provides insights into financial access and the degree of financial inclusion within the country.
Methodology
The data is collected through household surveys and bank account records.
Historical Context
This trend is useful for policymakers and financial institutions seeking to understand and promote greater financial inclusion in Samoa.
Key Facts
- Samoa had 634 household depositors per 1,000 adults in 2020.
- The trend has shown steady growth in financial inclusion over the past decade.
- Access to banking services is an important factor in economic and social progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors with commercial banks per 1,000 adults in Samoa. It provides an indication of 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 policymakers, financial institutions, and economists as it offers insights into the degree of financial inclusion in Samoa. It can help inform policies and strategies aimed at promoting greater access to banking and financial services.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and bank account records.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial regulators to assess the progress of financial inclusion initiatives and develop strategies to enhance access to banking services, particularly in underserved communities.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric may not capture all informal financial activities. However, it remains a valuable indicator of formal financial inclusion in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Samoa (WSMFCDODCHANUM), retrieved from FRED.