Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Samoa
WSMFCDOFILPPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,075.00
Year-over-Year Change
-38.05%
Date Range
1/1/2018 - 1/1/2023
Summary
This economic trend measures the number of life insurance depositors at insurance corporations in Samoa. It provides insights into the usage of financial services and the level of life insurance penetration 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 life insurance depositors at insurance corporations is an important indicator of financial inclusion and the development of the insurance sector in Samoa. It reflects the extent to which the population is utilizing life insurance products as a means of financial security and risk management.
Methodology
The data is collected by the World Bank through surveys and national statistical agencies.
Historical Context
This trend is relevant for policymakers and financial sector analysts to assess the growth and accessibility of life insurance services in Samoa.
Key Facts
- Samoa is a Pacific island country with a population of around 200,000.
- The insurance sector in Samoa is relatively small but growing.
- Life insurance penetration remains low compared to other Pacific island nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of life insurance depositors at insurance corporations in Samoa. It provides insights into the usage of life insurance products in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and financial sector analysts to assess the growth and accessibility of life insurance services in Samoa, which is an important indicator of financial inclusion and the development of the insurance sector.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial sector analysts to monitor the growth and accessibility of life insurance services in Samoa, which can inform policies and initiatives aimed at promoting financial inclusion and the development of the insurance industry.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and publication by the source agencies.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Life Insurance Depositors at Insurance Corporations for Samoa (WSMFCDOFILPPENUM), retrieved from FRED.