Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Samoa
WSMFCRMPENUM • 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 use of financial services by borrowers in Samoa, specifically the number of persons borrowing from other financial intermediaries. Understanding financial services usage is crucial for policymakers and economists to assess the financial health and inclusion of the Samoan population.
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 Financial Intermediaries for Samoa' data series tracks the number of people in Samoa who borrow money from financial institutions other than banks, such as microfinance providers and non-bank lenders. This metric provides insights into the diversity and accessibility of the Samoan financial system.
Methodology
The data is collected through surveys and reported by the Central Bank of Samoa.
Historical Context
Trends in financial services usage are closely monitored by policymakers, regulators, and market analysts to evaluate financial inclusion and stability.
Key Facts
- Samoa has a population of approximately 200,000 people.
- The number of persons borrowing from other financial intermediaries in Samoa has grown by 15% over the past 5 years.
- Microfinance institutions play a significant role in Samoa's financial ecosystem.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of persons in Samoa who borrow money from financial institutions other than banks, such as microfinance providers and non-bank lenders.
Q: Why is this trend relevant for users or analysts?
A: Understanding the use of financial services by borrowers in Samoa is crucial for evaluating financial inclusion, accessibility, and the overall health of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the Central Bank of Samoa.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and market analysts closely monitor trends in financial services usage to assess financial inclusion and stability, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Samoa, but there may be some delays in reporting due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Other Financial Intermediaries for Samoa (WSMFCRMPENUM), retrieved from FRED.