Geographical Outreach: Number of Commercial Banks for Samoa
WSMFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of commercial banks operating in Samoa, providing insight into the geographical outreach and accessibility of banking 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 number of commercial banks in Samoa is an important indicator of the financial infrastructure and development within the country. It reflects the availability and distribution of banking services, which are crucial for economic growth, investment, and financial inclusion.
Methodology
The data is collected and reported by the World Bank's World Development Indicators database.
Historical Context
Policymakers and analysts use this trend to assess the evolution of Samoa's financial sector and identify areas for potential improvement in banking accessibility and financial services.
Key Facts
- Samoa had 5 commercial banks as of the latest data.
- The number of commercial banks in Samoa has remained stable in recent years.
- Access to banking services is an important factor for economic growth in Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in Samoa, providing insight into the country's financial infrastructure and the accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks in Samoa is an important indicator of financial development and the availability of banking services, which are crucial for economic growth, investment, and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's World Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the evolution of Samoa's financial sector and identify areas for potential improvement in banking accessibility and financial services.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, and there may be some delays in reporting the latest figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for Samoa (WSMFCIODCNUM), retrieved from FRED.