Use of Financial Services, Liabilities: Outstanding Deposits by Households at Credit Unions and Financial Cooperatives for Samoa
WSMFCLODUHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,923,000.00
Year-over-Year Change
1222.10%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend measures the outstanding deposits held by households at credit unions and financial cooperatives in Samoa. It provides insights into the savings and deposit behavior of 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 Credit Unions and Financial Cooperatives for Samoa tracks the total value of deposits held by Samoan households at these types of financial institutions. This metric is used to assess the depth and inclusiveness of Samoa's financial system.
Methodology
The data is collected directly from credit unions and cooperatives in Samoa.
Historical Context
Policymakers and analysts use this metric to evaluate access to and usage of formal financial services in Samoa.
Key Facts
- Samoa has a population of over 200,000 people.
- Credit unions and cooperatives are an important part of Samoa's financial system.
- Household deposits at these institutions totaled over $150 million in the latest data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Samoan households at credit unions and financial cooperatives in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the savings and financial inclusion of Samoan households, which is important for evaluating the depth and accessibility of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected directly from credit unions and cooperatives operating in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess household access to formal financial services and the development of Samoa's cooperative finance sector.
Q: Are there update delays or limitations?
A: The data is updated regularly but may have some delay in reporting from the underlying financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Credit Unions and Financial Cooperatives for Samoa (WSMFCLODUHXDC), retrieved from FRED.