Geographical Outreach: Number of Institutions, Other Depository Corporations for Samoa
WSMFCIODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2017
Summary
This trend measures the number of other depository corporations (institutions like banks) operating in Samoa. It provides insight into the geographical outreach and financial infrastructure of Samoa's banking sector.
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 Institutions, Other Depository Corporations for Samoa' series tracks the total count of financial institutions, excluding the central bank, that are actively conducting business in Samoa. This metric is used by economists and policymakers to assess the depth and accessibility of Samoa's banking and financial services.
Methodology
The data is collected and reported by the Central Bank of Samoa.
Historical Context
Trends in the number of other depository corporations operating in Samoa are relevant for evaluating financial inclusion and the development of Samoa's banking infrastructure.
Key Facts
- Samoa had 25 other depository corporations as of the latest data.
- The number of institutions has increased by 5 over the past 5 years.
- Samoa's banking sector outreach is a key indicator of financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of other depository corporations, such as commercial banks, operating in Samoa. It provides insight into the geographical coverage and accessibility of Samoa's banking and financial services.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of other depository corporations in Samoa are important for evaluating financial inclusion, banking infrastructure development, and the overall depth of Samoa's financial sector.
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 economists use this metric to assess the accessibility and development of Samoa's banking system, which informs policies aimed at promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Samoa, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations for Samoa (WSMFCIODNUM), retrieved from FRED.