Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Samoa
WSMFCIODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend tracks the number of credit unions and financial cooperatives in Samoa, providing insights into the geographical outreach and accessibility of financial 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 credit unions and financial cooperatives in Samoa is an important indicator of the breadth and depth of the country's financial infrastructure. It reflects the ability of financial institutions to serve and reach local communities, which is crucial for financial inclusion and economic development.
Methodology
The data is collected and reported by the World Bank, based on national-level surveys and administrative records.
Historical Context
Policymakers and financial sector analysts use this trend to assess the financial sector's geographic coverage and identify areas that may need improved access to credit and other financial services.
Key Facts
- Samoa had 31 credit unions and financial cooperatives in 2020.
- The number of these institutions has increased by 29% since 2010.
- Samoa's financial cooperative density is higher than the regional average for the Pacific Islands.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit unions and financial cooperatives operating in Samoa, which indicates the geographical coverage and outreach of the country's financial services infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The number of credit unions and financial cooperatives is an important indicator of financial inclusion and access to credit and other financial services, which are crucial for economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on national-level surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this trend to assess the financial sector's geographic coverage and identify areas that may need improved access to credit and other financial services.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting or variations in data collection methods across countries.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Credit Unions and Financial Cooperatives for Samoa (WSMFCIODUNUM), retrieved from FRED.