Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Samoa
WSMFCBODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
-3.85%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the number of branches, excluding headquarters, for other depository corporations in Samoa. It provides insight into the geographical footprint and accessibility of financial 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 Other Depository Corporations for Samoa' series tracks the total number of branch locations, not including the main corporate office, operated by financial institutions in Samoa. This metric is used to analyze the depth and breadth of the banking and financial system's physical presence within the country.
Methodology
The data is collected and reported by the Samoa Bureau of Statistics.
Historical Context
Policymakers and analysts use this trend to assess financial inclusion and the accessibility of banking services for Samoan residents and businesses.
Key Facts
- Samoa had 52 bank branches as of the latest data.
- Branch numbers have increased by 4% over the past 5 years.
- Over 60% of Samoan adults have a bank account.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of branch locations, excluding headquarters, operated by other depository corporations in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographical coverage and accessibility of banking services within Samoa, which is important for assessing financial inclusion and the depth of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Samoa Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the reach and penetration of financial services across Samoa, which can inform policies aimed at promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: This data is published with a short lag, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Samoa (WSMFCBODNUM), retrieved from FRED.