Financial System Deposits to GDP for Samoa
DDDI08WSA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.57
Year-over-Year Change
55.75%
Date Range
1/1/1963 - 1/1/2020
Summary
The Financial System Deposits to GDP for Samoa measures the value of deposits in the Samoan financial system as a percentage of the country's gross domestic product. This metric provides insight into the depth and development of Samoa's financial intermediation.
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
This indicator represents the total value of deposits held in Samoa's banks, credit unions, and other financial institutions, divided by the country's GDP. It serves as a gauge of the overall size and relative importance of the financial sector within the Samoan economy.
Methodology
The data is collected and reported by the World Bank based on national accounts and financial sector data.
Historical Context
Policymakers and analysts use this metric to evaluate the financial inclusion and intermediation capabilities of the Samoan economy.
Key Facts
- Samoa's financial system deposits were 84% of GDP in 2020.
- This ratio has increased from 74% in 2010, indicating growing financial depth.
- A high deposits-to-GDP ratio suggests greater financial intermediation in the economy.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Samoa measures the total value of deposits held in the country's banks, credit unions, and other financial institutions as a percentage of its gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and development of Samoa's financial sector, which is an important indicator of economic growth and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial intermediation capabilities of the Samoan economy and inform policies aimed at promoting financial development.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the time required to collect and compile the necessary information.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Samoa (DDDI08WSA156NWDB), retrieved from FRED.