Use of Financial Services: Number of Deposit Accounts at Other Other Financial Intermediaries for Samoa
WSMFCAOFMONUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98,739.00
Year-over-Year Change
193.86%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of deposit accounts at other financial intermediaries in Samoa. It provides insight into the usage and access to financial services in the Samoan economy.
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 number of deposit accounts at other financial intermediaries, excluding commercial banks, is an indicator of financial inclusion and the breadth of the formal financial system in Samoa. This data helps policymakers and analysts understand patterns of financial intermediation and access to banking services.
Methodology
The data is collected by the Samoan central bank through surveys of financial institutions.
Historical Context
This metric informs policy decisions related to financial sector development and financial inclusion initiatives.
Key Facts
- Samoa has a population of over 200,000.
- The number of deposit accounts grew by 5% in 2021.
- Over 50% of Samoan adults have a formal bank account.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at financial institutions in Samoa other than commercial banks, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into financial inclusion and the breadth of the formal financial system in Samoa, which is important for understanding patterns of financial intermediation and access to banking services.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Samoa through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: This metric informs policy decisions related to financial sector development and financial inclusion initiatives in Samoa.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Deposit Accounts at Other Other Financial Intermediaries for Samoa (WSMFCAOFMONUM), retrieved from FRED.