Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Madagascar
MDGFCMORKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199.28
Year-over-Year Change
14514.27%
Date Range
1/1/2010 - 1/1/2022
Summary
This indicator measures the geographical outreach of mobile banking and registered agent outlets per 1,000 square kilometers in Madagascar. It provides insights into the accessibility and penetration of financial services across 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 Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Madagascar metric tracks the density of mobile banking and registered agent outlets, which are crucial for expanding financial inclusion in remote areas. Policymakers and financial institutions use this data to evaluate progress in bringing banking services to underserved populations.
Methodology
The data is collected by the national financial regulator and calculated as the number of outlets per 1,000 square kilometers of land area.
Historical Context
This indicator is used to monitor financial inclusion goals and guide policies to improve access to banking services nationwide.
Key Facts
- Madagascar covers over 226,000 square miles.
- Only 17% of the population had a bank account as of 2017.
- The government aims to reach 45% financial inclusion by 2023.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the density of mobile banking and registered agent outlets per 1,000 square kilometers in Madagascar. It provides insights into the geographical outreach and accessibility of financial services across the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating progress in expanding financial inclusion and bringing banking services to underserved populations in remote areas of Madagascar.
Q: How is this data collected or calculated?
A: The data is collected by the national financial regulator and calculated as the number of outlets per 1,000 square kilometers of land area.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this indicator to monitor financial inclusion goals and guide policies to improve access to banking services nationwide.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates from the national regulator, and there could be limitations in coverage or reporting from remote regions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Madagascar (MDGFCMORKNUM), retrieved from FRED.