Use of Financial Services: Number of Loan Accounts at Other Other Financial Intermediaries for Samoa
WSMFCNFONUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,426.00
Year-over-Year Change
71.24%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of loan accounts held at other financial intermediaries in Samoa. It provides insight into the level of financial inclusion and access to credit 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 number of loan accounts at other financial intermediaries is an indicator of the utilization of financial services in Samoa. It captures loans extended by non-bank financial institutions, offering a broader perspective on credit market activity beyond traditional banking.
Methodology
The data is collected through surveys and reporting by financial institutions in Samoa.
Historical Context
Policymakers use this metric to assess financial sector development and design interventions to promote financial inclusion.
Key Facts
- Samoa has a population of around 200,000 people.
- The number of loan accounts at other financial intermediaries in Samoa was 34,790 as of the latest data.
- Financial inclusion is a key priority for the Samoan government to support economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held at non-bank financial institutions in Samoa, providing insight into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the depth and breadth of financial services usage in Samoa, which is important for policymakers and analysts focused on financial sector development and financial inclusion initiatives.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by financial institutions in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess financial sector development and design interventions to promote greater financial inclusion in the Samoan economy.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be limited by the coverage and reporting practices of financial institutions in Samoa.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts at Other Other Financial Intermediaries for Samoa (WSMFCNFONUM), retrieved from FRED.