Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Samoa
WSMFCLODMFGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
This economic trend measures the outstanding deposits from all microfinance institutions (MFIs) in Samoa as a percentage of the country's gross domestic product (GDP). It provides insights into the use and growth of financial services 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 Use of Financial Services: Key Indicators series tracks various metrics related to financial inclusion and activity in different countries. The outstanding deposits from MFIs to GDP ratio is one indicator that economists and policymakers use to assess the development and accessibility of the financial sector.
Methodology
The data is collected and reported by the World Bank.
Historical Context
This metric helps inform financial inclusion policies and programs aimed at expanding access to banking and other financial services.
Key Facts
- Samoa's MFI deposits were 7.8% of GDP in 2020.
- This ratio has increased from 4.9% in 2010.
- Microfinance is an important component of financial inclusion in Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits from all microfinance institutions (MFIs) in Samoa as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the development and accessibility of the financial sector in Samoa, which is important for assessing financial inclusion and informing relevant policies and programs.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This metric helps inform financial inclusion policies and programs aimed at expanding access to banking and other financial services in Samoa.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or inconsistencies across different countries and time periods.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits from All Microfinance Institutions (MFIs) for Samoa (WSMFCLODMFGGDPPT), retrieved from FRED.