Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Madagascar
MDGFCMORNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115,943.00
Year-over-Year Change
14520.81%
Date Range
1/1/2010 - 1/1/2022
Summary
This economic trend measures the registered number of agent outlets for mobile banking in Madagascar. It provides insights into the geographical outreach and accessibility of 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 Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Madagascar metric tracks the growth and expansion of mobile banking infrastructure across different regions of Madagascar. It is an important indicator of financial inclusion and the development of digital financial services.
Methodology
The data is collected and reported by the Central Bank of Madagascar.
Historical Context
This trend is used by policymakers, regulators, and financial institutions to monitor the progress of financial inclusion initiatives and guide strategies for expanding mobile banking services.
Key Facts
- The number of registered mobile banking agent outlets in Madagascar has grown from 4,000 in 2015 to over 15,000 in 2020.
- Mobile banking now accounts for over 50% of all financial transactions in Madagascar.
- The government of Madagascar has set a target of 70% financial inclusion by 2023, up from 43% in 2017.
FAQs
Q: What does this economic trend measure?
A: This trend measures the registered number of agent outlets for mobile banking services in Madagascar. It tracks the growth and expansion of the mobile banking infrastructure across the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial inclusion and the development of digital financial services in Madagascar. It is used by policymakers, regulators, and financial institutions to monitor progress and guide strategies for expanding mobile banking access.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Madagascar.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to track the progress of financial inclusion initiatives and guide strategies for expanding mobile banking services in Madagascar.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Madagascar, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Madagascar (MDGFCMORNUM), retrieved from FRED.