Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Malawi
MWIFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.03
Year-over-Year Change
102375.03%
Date Range
1/1/2012 - 1/1/2022
Summary
This economic trend measures the value of mobile money transactions in Malawi as a percentage of the country's GDP. It provides insights into the adoption and usage of digital financial services in the Malawian economy.
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, Value of Mobile Money Transactions During the Reference Year for Malawi metric tracks the total value of mobile money transactions in the country, expressed as a percentage of its gross domestic product (GDP). This data point is a crucial indicator of financial inclusion and the development of digital finance infrastructure.
Methodology
The data is collected and calculated by the World Bank based on information provided by the Central Bank of Malawi.
Historical Context
Policymakers and financial sector analysts use this trend to evaluate Malawi's progress in expanding access to digital financial services and promoting financial inclusion.
Key Facts
- Malawi's mobile money transactions were 27.3% of GDP in 2021.
- The value of mobile money transactions in Malawi has grown by over 500% since 2015.
- Malawi has one of the highest rates of mobile money usage in sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Malawi as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial inclusion and the development of digital finance infrastructure in Malawi, which is crucial for economic growth and poverty alleviation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by the Central Bank of Malawi.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts use this trend to evaluate Malawi's progress in expanding access to digital financial services and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Malawi (MWIFCMTVGGDPPT), retrieved from FRED.