Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Samoa
WSMFCNODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.14
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
This economic indicator tracks the number of loan accounts per 1,000 adults with all microfinance institutions (MFIs) in Samoa. It provides insights into financial inclusion and the accessibility of credit in the country.
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, Loan Accounts with All Microfinance Institutions (MFIs) Per 1,000 Adults for Samoa metric measures the level of microfinance penetration and financial access within the adult population. This data point is used by economists and policymakers to evaluate the effectiveness of financial inclusion initiatives.
Methodology
The data is collected and calculated by the World Bank through surveys and administrative records from Samoa's microfinance institutions.
Historical Context
This indicator is relevant for assessing progress towards financial inclusion goals and the development of the microfinance sector in Samoa.
Key Facts
- Samoa's microfinance loan accounts per 1,000 adults was 33.7 in 2017.
- The metric has increased from 24.5 accounts per 1,000 adults in 2004.
- Microfinance plays a key role in providing credit access in Samoa.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of loan accounts per 1,000 adults with all microfinance institutions (MFIs) operating in Samoa. It provides insights into financial inclusion and credit access in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the development and penetration of the microfinance sector, as well as progress towards financial inclusion goals in Samoa.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank through surveys and administrative records from Samoa's microfinance institutions.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess the effectiveness of financial inclusion initiatives and the overall state of credit access in Samoa.
Q: Are there update delays or limitations?
A: The data is published annually with a time lag, so there may be delays in reflecting the most recent changes in Samoa's microfinance sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Loan Accounts with All Microfinance Institutions (MFIs) Per 1,000 Adults for Samoa (WSMFCNODMFANUM), retrieved from FRED.