Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Solomon Islands
SLBFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.23
Year-over-Year Change
3026.60%
Date Range
1/1/2013 - 1/1/2020
Summary
The 'Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Solomon Islands' series measures the total value of mobile money transactions as a percentage of GDP in Solomon Islands.
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 trend provides insight into the adoption and usage of mobile financial services in the Solomon Islands economy. It is an important indicator of financial inclusion and the role of digital payments in economic activity.
Methodology
The data is collected directly from mobile money service providers in Solomon Islands.
Historical Context
Policymakers and financial regulators use this metric to monitor the growth of the digital payments ecosystem.
Key Facts
- Mobile money transactions accounted for over 10% of GDP in Solomon Islands in the latest year.
- The value of mobile money transactions has grown by over 50% in the past 5 years.
- Solomon Islands has one of the highest rates of mobile money usage in the Pacific region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Solomon Islands as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the growth and adoption of digital financial services, which is a key indicator of financial inclusion and the digitization of the economy.
Q: How is this data collected or calculated?
A: The data is collected directly from mobile money service providers in Solomon Islands.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this metric to monitor the development of the digital payments ecosystem and inform policies to promote financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from mobile money providers.
Related Trends
Prices: Consumer Price Index for Solomon Islands
SLBPCPIPCPPPT
Gross Domestic Product Per Capita for Solomon Islands
PCAGDPSBA646NWDB
Gross National Income for Solomon Islands
MKTGNISBA646NWDB
Bank's Cost to Income Ratio for Solomon Islands
DDEI07SBA156NWDB
Number of Identified Exporters to Solomon Islands from Tennessee
TNSLBA475SCEN
U.S. Imports of Goods by Customs Basis from Solomon Islands
IMP6223
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Solomon Islands (SLBFCMTVGGDPPT), retrieved from FRED.