Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Samoa
WSMFCRODUPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
987.00
Year-over-Year Change
3425.00%
Date Range
1/1/2012 - 1/1/2023
Summary
This economic trend measures the use of financial services by borrowers in Samoa, specifically persons borrowing from credit unions and financial cooperatives. It provides insights into financial inclusion and the role of these institutions in the Samoan economy.
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 Credit Unions and Financial Cooperatives for Samoa data series tracks the number of individuals in Samoa who borrow from credit unions and financial cooperatives. This metric is important for understanding financial access and the health of the cooperative lending sector.
Methodology
The data is collected through surveys and reporting by financial institutions in Samoa.
Historical Context
This trend is relevant for policymakers and researchers analyzing financial inclusion and the role of cooperative lending in Samoa's economic development.
Key Facts
- Samoa has a large cooperative lending sector.
- Borrowing from credit unions is a key source of financial services.
- Financial inclusion is a priority for Samoan policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individuals in Samoa who borrow from credit unions and financial cooperatives, providing insights into financial inclusion and the role of these institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding financial access and the health of the cooperative lending sector in Samoa, which is a key part of the country's financial system and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by financial institutions in Samoa.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and researchers analyzing financial inclusion and the role of cooperative lending in Samoa's economic development.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays or limitations in data collection, as is common with survey-based economic indicators.
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Citation
U.S. Federal Reserve, Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Samoa (WSMFCRODUPENUM), retrieved from FRED.