Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Samoa
WSMFCDODMFSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,704.00
Year-over-Year Change
96.72%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at deposit-taking microfinance institutions (MFIs) in Samoa. It provides insights into financial inclusion and access to formal banking services for SMEs 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 Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Samoa trend tracks the level of financial inclusion for SMEs in Samoa's microfinance sector. It is used by policymakers and development economists to evaluate financial access and the effectiveness of SME-targeted initiatives.
Methodology
The data is collected directly from deposit-taking MFIs operating in Samoa.
Historical Context
This metric is relevant for assessing financial access and inclusion policies targeting SMEs in Samoa's developing economy.
Key Facts
- Samoa has a population of over 200,000 people.
- MFIs play a vital role in providing financial services to Samoa's underbanked SMEs.
- Access to formal banking services remains a challenge for many SMEs in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that are depositors at deposit-taking microfinance institutions (MFIs) in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into financial inclusion and access to formal banking services for SMEs in Samoa, which is crucial for evaluating the effectiveness of financial access policies targeting this sector.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking MFIs operating in Samoa.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing financial access and inclusion policies targeting SMEs in Samoa's developing economy.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations based on the operational capacity of MFIs in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Samoa (WSMFCDODMFSPENUM), retrieved from FRED.