Use of Financial Services: Key Indicators Mobile Money Transactions (during the Reference Year) Per 1000 Adults for Malawi
MWIFCMTANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,570.13
Year-over-Year Change
148273.82%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the number of mobile money transactions per 1,000 adults in Malawi during a given reference year. It provides insights into the adoption and usage of digital 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: Key Indicators Mobile Money Transactions (during the Reference Year) Per 1000 Adults for Malawi metric tracks the penetration and utilization of mobile money platforms, which have become an important financial tool in many developing economies. This data point is used by economists and policymakers to assess financial inclusion and the impact of digital financial innovations.
Methodology
The data is collected through surveys and reported by the World Bank.
Historical Context
This metric is relevant for understanding the growth of the digital economy and financial sector development in Malawi.
Key Facts
- Malawi had 288 mobile money transactions per 1,000 adults in 2020.
- Mobile money usage has grown rapidly in Malawi over the past decade.
- Digital financial services are crucial for improving financial inclusion in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of mobile money transactions per 1,000 adults in Malawi during a given reference year, providing 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 metric is relevant for understanding the growth of the digital economy and financial sector development in Malawi, which is crucial for improving financial inclusion and supporting economic progress.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess financial inclusion and the impact of digital financial innovations in Malawi and other developing economies.
Q: Are there update delays or limitations?
A: The data may be subject to occasional update delays, and the survey methodology could vary across countries, which may affect the comparability of the data.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Mobile Money Transactions (during the Reference Year) Per 1000 Adults for Malawi (MWIFCMTANUM), retrieved from FRED.