Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Samoa
WSMFCNODMFSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,945.00
Year-over-Year Change
40.79%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the number of loan accounts held by small and medium enterprises (SMEs) at deposit-taking microfinance institutions (MFIs) in Samoa. It provides insights into the access and utilization of financial services by this important business segment.
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: Number of Loan Accounts for SMEs at Deposit Taking MFIs for Samoa trend represents the level of financial inclusion and access to credit for small and medium enterprises in the Samoan economy. This metric is a key indicator of financial development and the ability of the microfinance sector to support SME growth.
Methodology
The data is collected through surveys of deposit-taking microfinance institutions operating in Samoa.
Historical Context
This trend is used by policymakers, economists, and development organizations to evaluate the financial health of Samoa's SME sector and the effectiveness of microfinance initiatives.
Key Facts
- Samoa has a population of around 200,000 people.
- SMEs account for over 60% of employment in Samoa.
- Microfinance institutions play a crucial role in providing credit to Samoan SMEs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of loan accounts held by small and medium enterprises (SMEs) at deposit-taking microfinance institutions (MFIs) in Samoa.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to credit for SMEs, which are a critical component of Samoa's economy. It is used by policymakers and economists to evaluate the effectiveness of microfinance initiatives in supporting small business development.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking microfinance institutions operating in Samoa.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, development organizations, and economists to assess the financial health of Samoa's SME sector and the impact of microfinance programs designed to support small business growth.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and survey coverage of deposit-taking MFIs in Samoa, which may result in occasional delays or limitations in the completeness of the information.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Deposit Taking Microfinance Institutions (MFIs) for Samoa (WSMFCNODMFSNUM), retrieved from FRED.