Use of Financial Services Borrowers: Persons Borrowing from Other Other Financial Intermediaries for Samoa
WSMFCRFOPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,453.00
Year-over-Year Change
65.15%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of persons in Samoa who borrow from other financial intermediaries, providing insights into the use 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 Use of Financial Services Borrowers: Persons Borrowing from Other Other Financial Intermediaries for Samoa data series tracks the total number of individuals in Samoa who obtain loans or credit from non-bank financial institutions, excluding commercial banks. This metric offers valuable information about financial inclusion and the broader financial landscape in the country.
Methodology
The data is collected through household surveys and financial institution reporting.
Historical Context
This trend is relevant for policymakers and financial analysts seeking to understand the depth and accessibility of Samoa's financial system.
Key Facts
- Samoa's borrowing from other financial intermediaries has increased in recent years.
- The data is reported on a quarterly basis by the Central Bank of Samoa.
- Access to diverse financial services is a key driver of economic development in Samoa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Samoa who borrow from non-bank financial institutions, providing insights into financial inclusion and the use of diverse financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, economists, and financial analysts seeking to understand the depth and accessibility of Samoa's financial system, which is crucial for promoting economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and financial institution reporting.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators in Samoa to monitor the performance and accessibility of the country's financial sector, informing policies and initiatives aimed at enhancing financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis by the Central Bank of Samoa, with a typical update delay of approximately three months.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Other Financial Intermediaries for Samoa (WSMFCRFOPENUM), retrieved from FRED.