Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Samoa
WSMFCLODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.39
Year-over-Year Change
67.88%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits with commercial banks in Samoa as a percentage of its gross domestic product (GDP). It provides insights into the country's financial services usage and overall economic activity.
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, Outstanding Deposits with Commercial Banks for Samoa metric represents the total value of deposits held by individuals and businesses with commercial banks in Samoa. This indicator offers insights into the level of financial intermediation and the public's engagement with the formal banking system.
Methodology
The data is collected by the World Bank from official national sources.
Historical Context
This trend is used by economists and policymakers to assess the development of Samoa's financial sector and its implications for economic growth and stability.
Key Facts
- Samoa's outstanding bank deposits were 58.3% of its GDP in 2020.
- The trend has increased from 48.5% of GDP in 2010.
- Increased financial inclusion can support economic growth in Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses with commercial banks in Samoa as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the level of financial intermediation and the public's engagement with the formal banking system in Samoa, which is relevant for assessing the development of the country's financial sector and its implications for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official national sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the development of Samoa's financial sector and its implications for economic growth and stability.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and there could be limitations in terms of data availability or comparability across different countries.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Samoa (WSMFCLODCGGDPPT), retrieved from FRED.