Use of Financial Services: Number of Borrowers at Other Depository Corporations for Samoa
WSMFCRODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,774.00
Year-over-Year Change
26.46%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the number of borrowers at other depository corporations in Samoa. It provides insights into the utilization of financial services and the overall credit market 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: Number of Borrowers at Other Depository Corporations for Samoa' indicator tracks the total number of individuals or entities that have obtained loans or credit from financial institutions in Samoa, excluding commercial banks. This metric is valuable for analyzing financial inclusion and the accessibility of credit in the Samoan economy.
Methodology
The data is collected through surveys and reports from Samoa's central bank and other financial regulators.
Historical Context
Policymakers and financial institutions use this trend to assess the development of the credit market and identify areas for improving financial access.
Key Facts
- Samoa is a small island nation in the South Pacific.
- Financial inclusion is a key development priority for Samoa.
- The trend has shown gradual growth in the number of borrowers over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of borrowers at financial institutions in Samoa, excluding commercial banks. It provides insights into the level of financial inclusion and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the development of Samoa's credit market and financial sector. It can inform policymakers and financial institutions on areas for improving access to financial services.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from Samoa's central bank and other financial regulators.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this trend to assess the state of financial inclusion and identify opportunities for expanding access to credit and other financial services in Samoa.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, and the coverage of financial institutions other than commercial banks could have some limitations.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Borrowers at Other Depository Corporations for Samoa (WSMFCRODPENUM), retrieved from FRED.