Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Liberia
LBRFCMARNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,136,514.64
Year-over-Year Change
21607.21%
Date Range
1/1/2012 - 1/1/2023
Summary
The 'Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Liberia' trend measures the total number of registered mobile money accounts in Liberia. This metric is important for understanding financial inclusion and the adoption 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
This trend represents the total number of registered mobile money accounts in Liberia, a key indicator of the country's progress in financial digitization and access to digital financial services. The data is widely used by economists, policymakers, and development organizations to assess financial inclusion levels and monitor the growth of the mobile money ecosystem.
Methodology
The data is collected by the World Bank through surveys of financial service providers in Liberia.
Historical Context
This trend is used to inform financial sector policies and monitor progress towards financial inclusion goals in Liberia.
Key Facts
- Liberia had over 1.5 million registered mobile money accounts as of 2021.
- Mobile money accounts represent over 40% of the adult population in Liberia.
- The number of registered mobile money accounts in Liberia has grown by over 20% annually in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of registered mobile money accounts in Liberia, a key indicator of financial inclusion and the adoption of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the progress of financial digitization and access to financial services in Liberia. It is widely used by economists, policymakers, and development organizations to assess financial inclusion levels and monitor the growth of the mobile money ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys of financial service providers in Liberia.
Q: How is this trend used in economic policy?
A: This trend is used to inform financial sector policies and monitor progress towards financial inclusion goals in Liberia.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not capture all informal or unregistered mobile money accounts in Liberia.
Related Trends
Gross Debt Position of the General Government for Liberia
LBRGGXWDGG01GDPPT
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Liberia
LBRFCACNUM
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Liberia
LBRFCSODCGGDPPT
Use of Financial Services Deposit Accounts: Accounts at Non-deposit Taking Microfinance Institutions (MFIs) for Liberia
LBRFCAOFMFNNUM
Value of Exports to Liberia from Michigan
MILBRA052SCEN
Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Liberia
BARTERICMP25UPZSLBR
Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Registered Number of Mobile Money Accounts for Liberia (LBRFCMARNUM), retrieved from FRED.