Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Other Financial Intermediaries for Samoa
WSMFCRMSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,624.00
Year-over-Year Change
100.33%
Date Range
1/1/2012 - 1/1/2017
Summary
This economic trend measures the borrowing activity of small and medium enterprises (SMEs) in Samoa from financial intermediaries other than banks, such as microfinance institutions and non-bank lenders. It provides insights into the diverse sources of financing accessed by SMEs 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 Borrowers: Small and Medium Enterprises Borrowing from Other Financial Intermediaries for Samoa' metric tracks the number of SME borrowers in Samoa that receive loans from financial providers beyond traditional banks. This data point is valuable for understanding the depth and breadth of financial inclusion for small businesses in the Samoan economy.
Methodology
The data is collected through surveys and reporting from financial service providers in Samoa.
Historical Context
Policymakers and development organizations use this metric to evaluate financial access and support programs targeting SMEs in Samoa.
Key Facts
- Samoa has a population of approximately 200,000 people.
- SMEs account for over 90% of businesses in Samoa.
- Access to finance is a key constraint for SME growth in Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) in Samoa that borrow from financial intermediaries other than traditional banks, such as microfinance institutions and non-bank lenders.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth of financial inclusion for small businesses in Samoa, which is important for evaluating access to capital and the broader financial ecosystem supporting SME development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial service providers operating in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to assess the effectiveness of programs and policies aimed at improving financial access and support for SMEs in the Samoan economy.
Q: Are there update delays or limitations?
A: The data may be subject to collection and reporting lags, and may not capture all informal or unregistered SME borrowing activity in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Small and Medium Enterprises Borrowing from Other Financial Intermediaries for Samoa (WSMFCRMSPENUM), retrieved from FRED.