Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Samoa
WSMFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-33.33%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of financial institutions, insurance corporations, and other financial corporations operating in Samoa. It provides insights into the development and diversity of Samoa's financial 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 Financial Corporations, Insurance Corporations for Samoa indicator tracks the total number of these entities actively serving the Samoan market. This data is useful for analyzing the growth and composition of Samoa's financial ecosystem.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
Policymakers and financial analysts use this metric to assess the depth and breadth of Samoa's financial services industry.
Key Facts
- Samoa had 36 financial institutions as of the latest data.
- The number of insurance corporations in Samoa has grown by 20% over the past 5 years.
- Other financial corporations make up the largest segment of Samoa's financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, insurance corporations, and other financial corporations actively operating in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the depth and diversity of Samoa's financial sector, which is important for assessing economic development and the availability of financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to monitor the growth and composition of Samoa's financial services industry, which informs policy decisions and regulatory frameworks.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and may not capture all financial entities operating in Samoa.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Samoa (WSMFCIOFINUM), retrieved from FRED.