Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Samoa
WSMFCDOFMSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,924.00
Year-over-Year Change
112.59%
Date Range
1/1/2011 - 1/1/2017
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at other financial intermediaries in Samoa. It provides insights into SME access to financial services, a key indicator of financial inclusion.
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 Other Financial Intermediaries for Samoa tracks the total number of SME depositors at non-bank financial institutions in the country. This metric is used to assess the degree of financial intermediation and integration of SMEs within the broader financial system.
Methodology
The data is collected through surveys of financial intermediaries operating in Samoa.
Historical Context
This trend is relevant for policymakers and analysts focused on financial sector development and SME financing in the Samoan economy.
Key Facts
- Samoa has a population of approximately 200,000 people.
- SMEs account for over 60% of employment in the Samoan economy.
- Access to financial services remains a key challenge for many Samoan SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of small and medium enterprises (SMEs) that are depositors at other financial intermediaries in Samoa, excluding commercial banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and integration of SMEs within Samoa's broader financial system, which is crucial for assessing the development of the private sector and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial intermediaries operating in Samoa, including non-bank institutions such as microfinance providers and cooperatives.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the effectiveness of initiatives aimed at improving SME access to financial services and promoting financial inclusion in the Samoan economy.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and potential limitations in coverage or reporting by financial intermediaries in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Financial Intermediaries for Samoa (WSMFCDOFMSPENUM), retrieved from FRED.