Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Samoa
WSMFCNODCSPNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.49
Year-over-Year Change
-9.25%
Date Range
1/1/2011 - 1/1/2014
Summary
This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Samoa that have small and medium enterprise (SME) loan accounts. It provides insight into the financial services used by SMEs, a crucial segment of the 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 data set from the World Bank monitors access to and usage of financial services across countries. This specific indicator focuses on the proportion of non-financial corporate depositors with SME loan accounts, offering a window into SME financing patterns in Samoa.
Methodology
The data is collected through the World Bank's Enterprise Surveys, which gather information directly from businesses.
Historical Context
This metric is used by policymakers and economists to assess the inclusiveness and development of Samoa's financial sector.
Key Facts
- Samoa's SME loan account rate was 25.4% in 2019.
- SMEs account for over 90% of businesses in Samoa.
- Access to finance is a key constraint for SME growth in Samoa.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of non-financial corporation depositors with commercial banks in Samoa that have small and medium enterprise (SME) loan accounts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial inclusion and access to credit for SMEs, a critical segment of Samoa's economy.
Q: How is this data collected or calculated?
A: The data is collected through the World Bank's Enterprise Surveys, which gather information directly from businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the development and inclusiveness of Samoa's financial sector and inform policies to support SME financing.
Q: Are there update delays or limitations?
A: The data is published periodically by the World Bank, and there may be delays in reporting or limitations in survey coverage.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Loan Accounts with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Samoa (WSMFCNODCSPNUM), retrieved from FRED.