Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Bangladesh
BGDFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.13
Year-over-Year Change
579525.62%
Date Range
1/1/2011 - 1/1/2023
Summary
The 'Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Bangladesh' metric tracks the total value of mobile money transactions in Bangladesh as a percentage of the country's GDP.
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
This indicator provides insight into the adoption and usage of mobile financial services in the Bangladeshi economy. It is a key measure of financial inclusion and the development of digital payment infrastructure.
Methodology
The data is collected and reported by the Bangladesh Bank, the country's central banking authority.
Historical Context
Policymakers and financial analysts use this metric to assess the growth of the mobile money ecosystem and its impact on financial access and economic activity.
Key Facts
- Mobile money transactions in Bangladesh were 22.7% of GDP in 2021.
- The value of mobile money transactions has grown over 10-fold since 2015.
- Over 90 million Bangladeshis use mobile financial services.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of mobile money transactions in Bangladesh as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the adoption and usage of mobile financial services, which is a key measure of financial inclusion and the development of digital payment infrastructure.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangladesh Bank, the country's central banking authority.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to assess the growth of the mobile money ecosystem and its impact on financial access and economic activity.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, and may not capture all mobile money transactions in the informal sector.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Bangladesh (BGDFCMTVGGDPPT), retrieved from FRED.