Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Malawi
MWIFCMORKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,586.52
Year-over-Year Change
6238.89%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the geographical outreach and density of mobile banking and registered agent outlets per 1,000 square kilometers in Malawi. It provides insights into financial inclusion and access to digital banking 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 Malawi metric tracks the physical distribution and availability of mobile money and agent banking infrastructure. This data is used by policymakers and financial sector analysts to assess progress towards financial inclusion objectives.
Methodology
The data is collected through surveys and reports from the Reserve Bank of Malawi and financial service providers.
Historical Context
This indicator is relevant for evaluating access to digital financial services and the expansion of financial access points in underserved regions.
Key Facts
- Malawi had 1.8 mobile banking outlets per 1,000 sq km in 2020.
- The number of registered agent outlets increased by 12% from 2019 to 2020.
- Over 40% of Malawians actively use mobile money services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the geographical density and outreach of mobile banking and registered agent outlets per 1,000 square kilometers in Malawi.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into financial inclusion and access to digital banking services across Malawi, which is crucial for policymakers and financial sector analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the Reserve Bank of Malawi and financial service providers.
Q: How is this trend used in economic policy?
A: This indicator is relevant for evaluating access to digital financial services and the expansion of financial access points in underserved regions of Malawi.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture all informal or unregistered agent outlets.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Malawi (MWIFCMORKNUM), retrieved from FRED.