Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Liberia
LBRFCMAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,372,740.93
Year-over-Year Change
10435.68%
Date Range
1/1/2012 - 1/1/2023
Summary
The 'Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Liberia' trend measures the active number of mobile money accounts in Liberia, which is an important indicator of financial inclusion and access to digital financial services.
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 trend represents the total active mobile money accounts in Liberia, providing insight into the adoption and usage of mobile banking and digital financial services within the country. It is a key metric for evaluating financial inclusion and the impact of mobile money initiatives.
Methodology
The data is collected by the World Bank through surveys and reported by the Central Bank of Liberia.
Historical Context
Policymakers and financial sector analysts use this data to assess progress towards financial inclusion goals and the development of the digital finance ecosystem.
Key Facts
- Liberia has seen a steady increase in active mobile money accounts in recent years.
- Mobile money services have expanded access to financial services for unbanked populations in Liberia.
- The growth of mobile money is a key priority for Liberia's financial sector development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of active mobile money accounts in Liberia, which is an important indicator of financial inclusion and the adoption of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, financial sector analysts, and development organizations to assess progress towards financial inclusion goals and the impact of mobile money initiatives in Liberia.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and reported by the Central Bank of Liberia.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this data to evaluate the development of Liberia's digital finance ecosystem and the expansion of financial services to unbanked populations.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the data may not capture all mobile money activity in the informal sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Active Number of Mobile Money Accounts for Liberia (LBRFCMAANUM), retrieved from FRED.