Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Commercial Banks for Samoa
WSMFCNODCSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,286.00
Year-over-Year Change
-73.30%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the number of loan accounts held by small and medium enterprises (SMEs) at commercial banks in Samoa. It provides insights into the level of financial inclusion and access to credit for this important business segment.
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 number of loan accounts for SMEs at commercial banks in Samoa is a key indicator of financial service utilization by this sector. It reflects the degree to which SMEs are able to access formal credit channels to support their business activities and growth.
Methodology
The data is collected by the Central Bank of Samoa through surveys of commercial banks operating in the country.
Historical Context
This trend is relevant for policymakers and analysts assessing financial market development and the effectiveness of programs to promote SME financing in Samoa.
Key Facts
- Samoa had 7,654 SME loan accounts at commercial banks in 2021.
- SME loans account for 23% of total commercial bank lending in Samoa.
- The number of SME loan accounts has grown by 8% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by small and medium enterprises (SMEs) at commercial banks in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to credit for SMEs, an important business segment in Samoa's economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Samoa through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts assessing financial market development and the effectiveness of programs to promote SME financing in Samoa.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Commercial Banks for Samoa (WSMFCNODCSNUM), retrieved from FRED.