Use of Financial Services: Number of Depositors which are Households at Other Financial Intermediaries for Samoa
WSMFCDOFMHPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
86,711.00
Year-over-Year Change
172.94%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of household depositors at financial intermediaries other than banks in Samoa. It provides insights into the public's use of alternative financial services beyond traditional banking.
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 Households at Other Financial Intermediaries for Samoa' metric tracks the number of household customers maintaining deposit accounts at non-bank financial institutions in the Samoan economy. This data point offers a window into the broader financial ecosystem and access to financial services outside the conventional banking system.
Methodology
The data is collected through surveys and reporting from financial intermediaries in Samoa.
Historical Context
This trend is used by policymakers and economists to assess financial inclusion and the development of Samoa's financial sector.
Key Facts
- Samoa has a population of over 200,000 people.
- The Samoan tala is the national currency.
- Financial intermediaries include credit unions, microfinance institutions, and other non-bank providers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of household depositors maintaining accounts at financial institutions in Samoa other than traditional banks, such as credit unions and microfinance providers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into financial inclusion and the development of Samoa's broader financial ecosystem beyond the conventional banking system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from financial intermediaries operating in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess financial access and inclusion in the Samoan economy.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags from financial institutions and limited coverage of all non-bank providers.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Households at Other Financial Intermediaries for Samoa (WSMFCDOFMHPENUM), retrieved from FRED.