Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Samoa
WSMFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
391,559,000.00
Year-over-Year Change
59.75%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Samoa. It provides insight into the level of financial services usage and liquidity preferences among Samoan households.
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, Liabilities: Outstanding Deposits by Households at Commercial Banks for Samoa data series tracks the total value of deposits maintained by Samoan households with commercial banks. This metric serves as an indicator of the breadth of financial inclusion and the public's preference for liquid assets.
Methodology
The data is collected and reported by the Central Bank of Samoa.
Historical Context
This trend is used by policymakers and analysts to monitor the financial health and stability of the Samoan economy.
Key Facts
- Samoa has a population of around 200,000 people.
- The Samoan economy is heavily dependent on tourism and foreign aid.
- The Central Bank of Samoa oversees the country's financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Samoan households at commercial banks, providing insight into the level of financial services usage and household liquidity preferences.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the financial health and stability of the Samoan economy, as well as the degree of financial inclusion among households.
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 analysts use this trend to monitor the financial system and make informed decisions about economic policies and regulations.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or other limitations typical of economic statistics, so users should consult the source for the most up-to-date information and any known data constraints.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Samoa (WSMFCLODCHXDC), retrieved from FRED.