Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Rwanda
RWAFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.04
Year-over-Year Change
65903.27%
Date Range
1/1/2011 - 1/1/2023
Summary
The 'Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Rwanda' tracks the total value of mobile money transactions as a percentage of Rwanda's GDP, providing insights into the adoption and use 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
This economic indicator measures the reliance on mobile money platforms for financial transactions in Rwanda, reflecting the country's progress towards financial inclusion and the growth of its digital economy. The data is used by policymakers, financial institutions, and development organizations to assess Rwanda's progress in promoting access to affordable financial services.
Methodology
The data is collected by the National Bank of Rwanda, which tracks the value of mobile money transactions across the country.
Historical Context
This trend is closely monitored by economists and policymakers to understand the development of Rwanda's financial sector and the impact of digital financial services on economic growth and financial inclusion.
Key Facts
- Rwanda's mobile money transactions reached X% of GDP in 20XX.
- Mobile money is used by over XX% of the adult population in Rwanda.
- Rwanda is a leader in mobile money adoption in sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Rwanda as a percentage of the country's GDP, providing insights into the adoption and use of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Rwanda's progress towards financial inclusion and the growth of its digital economy, which is of interest to policymakers, financial institutions, and development organizations.
Q: How is this data collected or calculated?
A: The data is collected by the National Bank of Rwanda, which tracks the value of mobile money transactions across the country.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the development of Rwanda's financial sector and the impact of digital financial services on economic growth and financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated regularly by the National Bank of Rwanda, but there may be occasional delays or limitations in reporting, which should be considered when interpreting the information.
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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 Rwanda (RWAFCMTVGGDPPT), retrieved from FRED.