Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Benin
BENFCMAAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,411.47
Year-over-Year Change
2126.69%
Date Range
1/1/2015 - 1/1/2023
Summary
This economic indicator tracks the number of active mobile money accounts per 1,000 adults in Benin. It provides insights into the adoption and usage of digital 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 active mobile money accounts per 1,000 adults metric measures the accessibility and utilization of mobile-based financial services in Benin. It is a key indicator of financial inclusion and the integration of digital technologies into the country's financial system.
Methodology
The data is collected and reported by the World Bank through its Global Findex database.
Historical Context
This trend is closely monitored by policymakers, financial institutions, and development organizations to assess progress towards financial inclusion goals.
Key Facts
- Benin had 467 active mobile money accounts per 1,000 adults in 2021.
- Mobile money usage in Benin has grown rapidly in recent years.
- Financial inclusion is a key priority for the Beninese government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the number of active mobile money accounts per 1,000 adults in Benin, providing insights into the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The active mobile money accounts per 1,000 adults metric is a key indicator of financial inclusion and the integration of digital technologies into Benin's financial system, which is of interest to policymakers, financial institutions, and development organizations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank through its Global Findex database.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers in Benin and international organizations to assess progress towards financial inclusion goals and the development of the country's digital finance ecosystem.
Q: Are there update delays or limitations?
A: The data is published by the World Bank on a periodic basis, with the latest available information typically having a delay of a few years.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Benin (BENFCMAAANUM), retrieved from FRED.