Use of Financial Services Borrowers: Households Borrowing from Credit Unions and Financial Cooperatives for Samoa
WSMFCRODUHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
987.00
Year-over-Year Change
3425.00%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend measures the use of financial services by households in Samoa, specifically the borrowing from credit unions and financial cooperatives. It provides insights into the financial behavior and access to credit for the Samoan population.
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: Households Borrowing from Credit Unions and Financial Cooperatives for Samoa' trend tracks the percentage of households in Samoa that borrow from credit unions and financial cooperatives. This data is valuable for understanding the financial inclusion and credit accessibility within the Samoan economy.
Methodology
The data is collected through surveys and administrative records by the relevant financial institutions and regulatory authorities in Samoa.
Historical Context
This trend is important for policymakers and financial institutions to assess the penetration of formal credit services and identify areas for improving financial inclusion in Samoa.
Key Facts
- Samoa has a population of over 200,000 people.
- Credit unions and financial cooperatives play a significant role in Samoa's financial system.
- Household borrowing from these institutions is an important indicator of financial access.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of households in Samoa that borrow from credit unions and financial cooperatives, providing insights into financial inclusion and credit accessibility.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the financial behavior and access to credit for the Samoan population, which is valuable information for policymakers and financial institutions.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the relevant financial institutions and regulatory authorities in Samoa.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial institutions to assess the penetration of formal credit services and identify areas for improving financial inclusion in Samoa.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and limited availability, as it relies on surveys and administrative records from various sources in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Households Borrowing from Credit Unions and Financial Cooperatives for Samoa (WSMFCRODUHPENUM), retrieved from FRED.