Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Morocco
MARFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,119.42
Year-over-Year Change
375.94%
Date Range
1/1/2020 - 1/1/2023
Summary
This economic trend measures the value of mobile money transactions in Morocco during the reference year. It provides insights into the adoption and usage of mobile 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 Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Morocco series tracks the total value of mobile money transactions in the Moroccan economy. This metric is a key indicator of the growth and penetration of digital financial services among consumers and businesses.
Methodology
The data is collected by the Moroccan central bank and other regulatory authorities.
Historical Context
This trend is closely monitored by policymakers, financial institutions, and technology companies to understand the development of the mobile payments ecosystem in Morocco.
Key Facts
- Mobile money transactions in Morocco reached a value of $X.XX billion in the reference year.
- The mobile money market in Morocco has grown at an average annual rate of Y% over the past Z years.
- X% of the adult population in Morocco used mobile money services in the reference year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Morocco during the reference year. 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 trend is a key indicator of the development of the mobile payments ecosystem in Morocco, which is important for understanding financial inclusion, consumer behavior, and the growth of digital finance in the country.
Q: How is this data collected or calculated?
A: The data is collected by the Moroccan central bank and other regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers, financial institutions, and technology companies closely monitor this trend to understand the growth and adoption of mobile money services, which informs financial inclusion initiatives and digital transformation strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of X months, and may be subject to revisions. Additionally, the coverage and definitions of mobile money transactions may vary across different data sources.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Morocco (MARFCMTVXDC), retrieved from FRED.