Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1000 Adults for Samoa
WSMFCDODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.24
Year-over-Year Change
1235.77%
Date Range
1/1/2012 - 1/1/2023
Summary
This trend measures the number of depositors with credit unions and financial cooperatives per 1,000 adults in Samoa. It provides insights into financial inclusion and the utilization of alternative banking 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 Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1,000 Adults for Samoa, tracks the level of participation in credit unions and financial cooperatives within the adult population. This metric is used to assess financial inclusion and the role of non-traditional banking institutions in Samoa's financial landscape.
Methodology
The data is collected through surveys and reported by the World Bank.
Historical Context
This indicator is useful for policymakers and researchers analyzing financial sector development and access to financial services in Samoa.
Key Facts
- Samoa's depositors with credit unions and financial cooperatives per 1,000 adults was 58.72 in 2017.
- Credit unions and financial cooperatives play a significant role in providing banking services in Samoa.
- Financial inclusion is a key development priority for the Samoan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors with credit unions and financial cooperatives per 1,000 adults in Samoa. It provides insights into financial inclusion and the utilization of alternative banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is useful for policymakers and researchers analyzing financial sector development and access to financial services in Samoa. It helps assess the role of non-traditional banking institutions in promoting financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and institutions to evaluate financial inclusion and the accessibility of banking services in Samoa.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Depositors with Credit Unions and Financial Cooperatives Per 1,000 Adults for Samoa (WSMFCDODUANUM), retrieved from FRED.