Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Samoa
WSMFCBODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend measures the number of branch locations, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in Samoa. It provides insights into the geographical outreach and accessibility of microfinance 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Samoa metric tracks the physical presence and scale of microfinance operations beyond just the main office. This data point is used by economists and policymakers to evaluate the financial inclusion and reach of the microfinance sector.
Methodology
The data is collected through surveys and reporting from licensed microfinance institutions in Samoa.
Historical Context
This trend is relevant for assessing financial access and assisting with microfinance policy development.
Key Facts
- Samoa had 15 MFI branch locations in 2020.
- Microfinance plays a key role in financial inclusion in Samoa.
- The average Samoan MFI branch serves around 1,200 clients.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for deposit-taking microfinance institutions (MFIs) operating in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographical reach and accessibility of microfinance services in Samoa, which is important for evaluating financial inclusion and guiding microfinance policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from licensed microfinance institutions in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the scale and outreach of the microfinance sector, informing efforts to promote financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data may have a time lag of several months due to the reporting process from MFIs.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Samoa (WSMFCBODMFNUM), retrieved from FRED.