Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1000 Adults for Samoa
WSMFCAODCHANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,364.70
Year-over-Year Change
61.56%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of household deposit accounts with commercial banks per 1,000 adults in Samoa. It provides insights into financial inclusion and the level of access to formal banking services 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, Household Deposit Accounts with Commercial Banks Per 1,000 Adults for Samoa is a metric that reflects the degree of financial inclusion and accessibility of formal banking services within the Samoan population. This data point is used by economists and policymakers to evaluate financial sector development and identify opportunities for expanding access to banking services.
Methodology
The data is collected and calculated by the World Bank based on information provided by national central banks and statistical agencies.
Historical Context
This trend is relevant for understanding the state of financial inclusion and the potential for further development of the banking sector in Samoa.
Key Facts
- Samoa had 639 household deposit accounts per 1,000 adults in 2017.
- The number of accounts has increased by 17% since 2011.
- Financial inclusion is a key priority for the Samoan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household deposit accounts with commercial banks per 1,000 adults in Samoa. It provides insights into the level of financial inclusion and access to formal banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the state of financial inclusion and the potential for further development of the banking sector in Samoa. It is used by economists and policymakers to evaluate financial sector progress and identify opportunities for expanding access to banking services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by national central banks and statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and institutions to assess the level of financial inclusion and guide efforts to expand access to formal banking services in Samoa.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in reporting from national sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Household Deposit Accounts with Commercial Banks Per 1,000 Adults for Samoa (WSMFCAODCHANUM), retrieved from FRED.