Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Samoa
WSMFCMTNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
795,311.00
Year-over-Year Change
734.86%
Date Range
1/1/2013 - 1/1/2023
Summary
This economic trend measures the number of mobile money transactions in Samoa during a given reference year. It provides insight 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
The 'Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Samoa' series tracks the volume of mobile-based financial transactions in Samoa. This metric is used by economists and policymakers to gauge the growth and penetration of mobile money services in the country.
Methodology
The data is collected by the World Bank through surveys and reports from national authorities.
Historical Context
This trend is relevant for understanding financial inclusion and the digital transformation of the Samoan economy.
Key Facts
- Samoa is an island country in the South Pacific Ocean.
- Mobile money services help increase financial access in developing economies.
- Digital payments can promote economic growth and reduce poverty.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of mobile money transactions in Samoa during a given reference year. It provides insights into the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the digital transformation of the Samoan economy. It helps economists and policymakers gauge the growth and penetration of mobile money services in the country.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and reports from national authorities in Samoa.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the progress of financial inclusion and the adoption of digital financial services in Samoa. It can inform policies and initiatives aimed at promoting financial access and the digital economy.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates due to the survey-based nature of the data collection process. Additionally, the trend may not capture all mobile money transactions, as it is limited to the reference year.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Samoa (WSMFCMTNUM), retrieved from FRED.