Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Samoa
WSMFCRODMFANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.14
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
This economic trend measures the number of microfinance borrowers per 1,000 adults in Samoa, providing insight into the reach and usage of financial services within 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 All Microfinance Institutions (MFIs) Per 1000 Adults for Samoa' series tracks the ratio of active microfinance borrowers to the adult population, a key indicator of financial inclusion and access to credit for underserved communities.
Methodology
The data is collected by the World Bank through surveys of microfinance institutions operating in Samoa.
Historical Context
This metric is used by policymakers and development organizations to assess progress in expanding financial access and fostering economic growth.
Key Facts
- Samoa's microfinance borrowers per 1,000 adults was 58.2 in 2021.
- Microfinance plays a crucial role in extending credit to underserved populations in Samoa.
- Financial inclusion is a key development priority for the Samoan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of active microfinance borrowers per 1,000 adults in Samoa, providing an indicator of financial inclusion and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the reach and impact of microfinance institutions in extending financial services to underserved populations in Samoa, which is crucial for fostering economic development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of microfinance institutions operating in Samoa.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to assess progress in expanding financial access and inclusion, which is a key priority for economic growth and poverty alleviation in Samoa.
Q: Are there update delays or limitations?
A: The data is published annually, with some potential delays in reporting from microfinance institutions.
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Use of Financial Services, Liabilities: Outstanding Deposits by Small and Medium Enterprises at Other Financial Intermediaries for Samoa
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Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Samoa
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Use of Financial Services, Assets: Outstanding Loans at Other Other Financial Intermediaries for Samoa
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Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Financial Intermediaries for Samoa
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Borrowers from All Microfinance Institutions (MFIs) Per 1000 Adults for Samoa (WSMFCRODMFANUM), retrieved from FRED.