Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Samoa
WSMFCDODCSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,176.00
Year-over-Year Change
-81.14%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at commercial banks in Samoa. It provides insights into the financial inclusion and access to banking services for SMEs, a critical segment of 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 Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Samoa series tracks the count of SME depositors at commercial banks in the country. This metric helps policymakers and analysts assess the degree of financial intermediation and the banking sector's support for small businesses, a key driver of economic growth and development.
Methodology
The data is collected by the Central Bank of Samoa through surveys of commercial banks operating in the country.
Historical Context
This trend is used by policymakers, development institutions, and economists to evaluate financial inclusion efforts and identify areas for improving SME access to banking services.
Key Facts
- Samoa has a population of around 200,000 people.
- SMEs account for over 60% of employment in Samoa.
- The number of SME depositors at commercial banks in Samoa has grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that have deposit accounts at commercial banks in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial inclusion and access to banking services for SMEs, a critical segment of the Samoan economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Samoa through surveys of commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers, development institutions, and economists use this trend to evaluate financial inclusion efforts and identify areas for improving SME access to banking services.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
Related Trends
Gross National Income for Samoa
MKTGNIWSA646NWDB
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Samoa
WSMFCAANUM
Value of Exports to Samoa from Louisiana
LAWSMA052SCEN
Use of Financial Services: Key Indicators, Deposit/customer Accounts with All Microfinance Institutions (MFIs) Per 1000 Adults for Samoa
WSMFCAODMFANUM
Value of Exports to Samoa from Illinois
ILWSMA052SCEN
Use of Financial Services, Mobile Banking: Value of Outstanding Balances in Active Mobile Money Accounts for Samoa
WSMFCMAABXDC
Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Samoa (WSMFCDODCSPENUM), retrieved from FRED.