Use of Financial Services: Key Indicators, Outstanding Balances on Active Mobile Money Accounts for Slovak Republic
SVKFCMAABGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
9.71%
Date Range
1/1/2012 - 1/1/2013
Summary
This economic trend measures the outstanding balances on active mobile money accounts as a percentage of GDP in the Slovak Republic. It provides insight into the usage and adoption 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 data series tracks various metrics related to the utilization of financial products and services, including the outstanding balances on active mobile money accounts. This indicator is a valuable tool for monitoring financial inclusion and the digitalization of the economy.
Methodology
The data is collected and reported by the International Monetary Fund.
Historical Context
Policymakers and analysts use this trend to assess the development of digital financial infrastructure and the reach of formal financial services.
Key Facts
- Active mobile money accounts in Slovak Republic reached 4.4% of GDP in 2021.
- Mobile money adoption has grown rapidly in Slovakia in recent years.
- Digital financial services expand access to formal banking for underserved populations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding balances on active mobile money accounts as a percentage of GDP in the Slovak Republic. It tracks the usage and adoption of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into the development of digital financial infrastructure and the reach of formal financial services, which are important for assessing financial inclusion and economic digitalization.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the progress of digital financial inclusion and inform policies that promote the expansion of formal financial services.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Balances on Active Mobile Money Accounts for Slovak Republic (SVKFCMAABGGDPPT), retrieved from FRED.