Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Congo
CODFCMAAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
182.90
Year-over-Year Change
2069.54%
Date Range
1/1/2013 - 1/1/2020
Summary
This economic indicator tracks the number of active mobile money accounts per 1,000 adults in the Democratic Republic of the Congo. 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 penetration of mobile money services in the Congolese population. It is an important indicator of financial inclusion and the development of the digital payments ecosystem.
Methodology
The data is collected and reported by the World Bank, based on surveys and administrative records from mobile money providers.
Historical Context
This indicator is relevant for policymakers, financial institutions, and development organizations working to promote financial inclusion and the growth of digital finance in the Democratic Republic of the Congo.
Key Facts
- The DRC had 269 active mobile money accounts per 1,000 adults in 2021.
- Mobile money accounts have grown rapidly in the DRC, up from just 56 per 1,000 adults in 2014.
- Digital financial services are expanding access to banking in the DRC, where only 27% of adults had a formal account in 2017.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of active mobile money accounts per 1,000 adults in the Democratic Republic of the Congo. It provides insights into the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of financial inclusion and the development of the digital payments ecosystem in the DRC. It is relevant for policymakers, financial institutions, and development organizations working to promote access to financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank, based on surveys and administrative records from mobile money providers.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers, financial institutions, and development organizations working to promote financial inclusion and the growth of digital finance in the Democratic Republic of the Congo.
Q: Are there update delays or limitations?
A: The data may be subject to survey and reporting delays, as it relies on information from mobile money providers and national statistical agencies.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Congo (CODFCMAAANUM), retrieved from FRED.