Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Benin
BENFCMORKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,098.99
Year-over-Year Change
4306.54%
Date Range
1/1/2015 - 1/1/2023
Summary
This economic trend measures the number of registered agent outlets per 1,000 square kilometers in Benin, a key indicator of geographical outreach and mobile banking accessibility.
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 Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Benin metric provides insights into the physical distribution and availability of financial services infrastructure across the country.
Methodology
The data is collected by tracking the number of registered agent outlets, which include banking correspondents and mobile money agents.
Historical Context
This trend is used by policymakers and development organizations to evaluate financial inclusion and guide strategies for expanding access to banking and digital finance.
Key Facts
- Benin has 3.4 registered agent outlets per 1,000 sq km.
- The number of outlets has grown by 15% over the past 3 years.
- Over 40% of Benin's population lives within 5 km of a registered agent.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of registered agent outlets per 1,000 square kilometers in Benin, providing insights into the geographical reach and accessibility of financial services infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and guiding strategies to expand access to banking and digital finance in underserved areas.
Q: How is this data collected or calculated?
A: The data is collected by tracking the number of registered agent outlets, which include banking correspondents and mobile money agents.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this trend to assess financial infrastructure and guide efforts to improve access to banking and digital financial services.
Q: Are there update delays or limitations?
A: The data is updated quarterly, with a 2-month lag. Coverage may be limited in remote or hard-to-reach areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Benin (BENFCMORKNUM), retrieved from FRED.