Geographical Outreach: Key Indicators, Mobile Banking, Active Agent Outlets Per 100,000 Adults for Benin
BENFCMOAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,891.96
Year-over-Year Change
3997.85%
Date Range
1/1/2015 - 1/1/2023
Summary
The 'Geographical Outreach: Key Indicators, Mobile Banking, Active Agent Outlets Per 100,000 Adults for Benin' measures access to financial services across Benin's population. This metric is crucial for policymakers and financial institutions to evaluate financial inclusion and digital banking infrastructure.
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 tracks the number of active mobile banking agent outlets per 100,000 adults in Benin. It provides insight into the physical distribution and accessibility of digital financial services, which is a key component of financial inclusion and economic development.
Methodology
The data is collected through surveys and administrative records by the Central Bank of Benin.
Historical Context
Policymakers and financial regulators use this metric to monitor progress towards expanding access to formal banking and digital payment systems.
Key Facts
- Benin had 24.7 active agent outlets per 100,000 adults in 2021.
- The number of agent outlets has grown over 50% since 2015.
- Mobile banking is a key driver of financial inclusion in Benin.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of active mobile banking agent outlets per 100,000 adults in Benin, providing insight into the physical distribution and accessibility of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and financial institutions to evaluate financial inclusion and the development of digital banking infrastructure in Benin.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Central Bank of Benin.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators use this metric to monitor progress towards expanding access to formal banking and digital payment systems.
Q: Are there update delays or limitations?
A: The data is published with a lag, but it provides a comprehensive view of financial access in Benin.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Mobile Banking, Active Agent Outlets Per 100,000 Adults for Benin (BENFCMOAANUM), retrieved from FRED.