Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Samoa
WSMFCRODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.88
Year-over-Year Change
-15.73%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of borrowers from commercial banks per 1,000 adults in Samoa, 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: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Samoa' metric tracks financial inclusion by monitoring the level of commercial bank borrowing among the adult population. This data is used by economists and policymakers to assess access to credit and the overall development of the financial sector.
Methodology
The data is collected through surveys and reported by the World Bank.
Historical Context
This indicator is relevant for understanding financial market conditions and informing policies aimed at promoting financial inclusion.
Key Facts
- Samoa had 373 commercial bank borrowers per 1,000 adults in 2017.
- This metric has increased from 302 borrowers per 1,000 adults in 2011.
- Financial inclusion is a key development goal for the Samoan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of borrowers from commercial banks per 1,000 adults in Samoa, providing insights into the use of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is used by economists and policymakers to assess access to credit and the overall development of the financial sector in Samoa.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator is relevant for understanding financial market conditions and informing policies aimed at promoting financial inclusion in Samoa.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, and there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Samoa (WSMFCRODCANUM), retrieved from FRED.