Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Samoa
WSMFCAODMFANUM • 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 trend measures the number of deposit/customer accounts held with microfinance institutions (MFIs) per 1,000 adults in Samoa. It provides insights into financial inclusion and the reach of formal financial services within 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: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Samoa' metric tracks the accessibility and adoption of microfinance services in Samoa. It is a key indicator of financial inclusion and the ability of the population to access formal banking and credit.
Methodology
The data is collected and calculated by the World Bank based on surveys and reports from microfinance institutions in Samoa.
Historical Context
This trend is used by policymakers, economists, and development organizations to monitor financial inclusion and identify opportunities to expand access to microfinance services.
Key Facts
- Samoa's deposit/customer accounts per 1,000 adults was 302.2 in 2021.
- Microfinance has expanded access to formal financial services in Samoa.
- Financial inclusion is a key driver of economic growth and poverty reduction.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit/customer accounts held with microfinance institutions (MFIs) per 1,000 adults in Samoa. It provides insights into financial inclusion and the reach of formal financial services within the Samoan population.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and development organizations to monitor financial inclusion and identify opportunities to expand access to microfinance services in Samoa.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on surveys and reports from microfinance institutions in Samoa.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and development organizations to monitor financial inclusion and identify opportunities to expand access to microfinance services in Samoa.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in coverage or reporting by microfinance institutions in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Samoa (WSMFCAODMFANUM), retrieved from FRED.