Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Chad
TCDFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
118.89%
Date Range
1/1/2014 - 1/1/2022
Summary
The 'Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Chad' series measures the total value of mobile money transactions in Chad as a percentage of the country's GDP.
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 indicator provides insight into the adoption and use of digital financial services in Chad. It is an important metric for understanding financial inclusion and the development of the mobile money ecosystem in the country.
Methodology
The data is collected and reported by the World Bank.
Historical Context
This metric is used by policymakers, development organizations, and financial institutions to track progress in expanding access to formal financial services.
Key Facts
- Mobile money transactions in Chad equaled 17.4% of GDP in 2020.
- The value of mobile money transactions in Chad has grown rapidly in recent years.
- Expanding access to digital financial services is a key priority for the Chadian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Chad 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 level of financial inclusion and the development of the mobile money ecosystem in Chad, which is critical for economic growth and poverty reduction.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers, development organizations, and financial institutions use this metric to track progress in expanding access to formal financial services and to inform policies and initiatives aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank.
Related Trends
Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Chad
TCDFCMOANUM
Number of Identified Exporters to Chad from Colorado
COTCDA475SCEN
Number of Identified Exporters to Chad from North Dakota
NDTCDA475SCEN
Ease of doing business index for Chad
ICBUSEASEXQTCD
Number of Identified Exporters to Chad from Kentucky
KYTCDA475SCEN
Terms of Trade for Goods for Chad
TCDTTTIX
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Chad (TCDFCMTVGGDPPT), retrieved from FRED.