Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Madagascar
MDGFCMAAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
210.85
Year-over-Year Change
14856.30%
Date Range
1/1/2010 - 1/1/2022
Summary
The 'Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Madagascar' series tracks the number of active mobile money accounts per 1,000 adults in Madagascar, providing insights into financial inclusion and digital payment adoption.
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 measures the accessibility and usage of mobile money services in Madagascar, which play a crucial role in expanding financial inclusion and enabling digital transactions for the unbanked population. Economists and policymakers analyze this data to understand the progress of financial technology adoption and identify opportunities for further development.
Methodology
The data is collected by the International Monetary Fund (IMF) through national financial inclusion surveys and regulatory reporting.
Historical Context
This metric is widely used by institutions, analysts, and policymakers to assess the development of digital financial services and inform policies aimed at promoting financial inclusion in Madagascar.
Key Facts
- Madagascar has seen a steady increase in active mobile money accounts per 1,000 adults in recent years.
- Mobile money services have become a crucial financial tool for the unbanked population in Madagascar.
- The expansion of mobile money helps drive financial inclusion and enables digital transactions in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of active mobile money accounts per 1,000 adults in Madagascar, providing insights into the accessibility and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is highly relevant for economists, policymakers, and financial analysts as it helps assess the progress of financial inclusion and the adoption of digital payment technologies in Madagascar.
Q: How is this data collected or calculated?
A: The data is collected by the International Monetary Fund (IMF) through national financial inclusion surveys and regulatory reporting.
Q: How is this trend used in economic policy?
A: This metric is widely used by institutions, analysts, and policymakers to inform policies and initiatives aimed at promoting financial inclusion and the development of digital financial services in Madagascar.
Q: Are there update delays or limitations?
A: The data may be subject to update delays, and there could be limitations in the coverage or accuracy of the reported information, as is common with economic statistics.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Madagascar (MDGFCMAAANUM), retrieved from FRED.