Use of Financial Services Deposit Accounts: Household Accounts at Other Financial Intermediaries for Samoa
WSMFCAOFMHNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,711.00
Year-over-Year Change
65.60%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the number of household deposit accounts held at financial intermediaries other than commercial banks in Samoa. It provides insights into the utilization of alternative financial services by Samoan households.
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 Deposit Accounts: Household Accounts at Other Financial Intermediaries for Samoa' series tracks the total number of deposit accounts held by Samoan households at non-bank financial institutions. This metric helps economists and policymakers understand the degree of financial inclusion and access to diverse financial services within the Samoan economy.
Methodology
The data is collected through surveys and reporting from financial institutions in Samoa.
Historical Context
This trend is used to assess the development and accessibility of Samoa's financial sector beyond traditional banking.
Key Facts
- Samoa has a population of around 200,000 people.
- Non-bank financial institutions play a significant role in Samoa's financial sector.
- Access to diverse financial services is a key development goal for Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of deposit accounts held by Samoan households at financial institutions other than commercial banks, such as credit unions, microfinance providers, and other non-bank intermediaries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the degree of financial inclusion and the utilization of alternative financial services by Samoan households, which is important for understanding the development and accessibility of Samoa's broader financial sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial institutions in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the financial inclusion and diversity of Samoa's financial services sector, which is a key development goal for the country.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and limited availability, as the collection of this information depends on the reporting practices of financial institutions in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Household Accounts at Other Financial Intermediaries for Samoa (WSMFCAOFMHNUM), retrieved from FRED.