Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Solomon Islands
SLBFCMOANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.00
Year-over-Year Change
21.05%
Date Range
1/1/2013 - 1/1/2021
Summary
This economic trend measures the active number of agent outlets for mobile banking in Solomon Islands. 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: Active Number of Agent Outlets for Solomon Islands series tracks the number of active agent outlets that facilitate mobile banking transactions. This metric is a key indicator of financial inclusion and the expansion of digital financial services in remote and underserved areas.
Methodology
The data is collected by the Central Bank of Solomon Islands through surveys of licensed financial institutions.
Historical Context
This trend is relevant for policymakers and regulators assessing the development of digital financial infrastructure and access to banking services.
Key Facts
- Solomon Islands has over 200 active mobile banking agent outlets.
- The number of active agent outlets has grown by 50% in the past 3 years.
- Mobile banking agent outlets are critical for extending financial services to remote communities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the active number of agent outlets that facilitate mobile banking transactions in Solomon Islands. It provides insights into the geographical outreach and accessibility of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of financial inclusion and the expansion of digital financial infrastructure in underserved areas. It is relevant for policymakers, regulators, and analysts assessing the development of the mobile banking ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Solomon Islands through surveys of licensed financial institutions providing mobile banking services.
Q: How is this trend used in economic policy?
A: This trend informs policymakers and regulators about the geographical outreach and accessibility of digital financial services, which is crucial for promoting financial inclusion and the development of the overall banking sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-month lag. The coverage may be limited to licensed financial institutions and may not capture all informal mobile banking activities.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Solomon Islands (SLBFCMOANUM), retrieved from FRED.