Use of Financial Services: Key Indicators, Outstanding Balances on Active Mobile Money Accounts for Congo
CODFCMAABGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
2091.55%
Date Range
1/1/2012 - 1/1/2014
Summary
This economic trend measures the outstanding balances on active mobile money accounts in the Democratic Republic of the Congo as a percentage of GDP. 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 outstanding balances on active mobile money accounts is an indicator of financial inclusion and the utilization of digital financial services. It represents the total value of funds stored in mobile money accounts that have been used for a transaction in the past 90 days.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
This trend is used by policymakers and analysts to monitor the development of the digital finance ecosystem and assess financial inclusion efforts in the region.
Key Facts
- Mobile money accounts have grown rapidly in the DRC in recent years.
- Digital financial services play a key role in improving financial inclusion.
- The DRC has one of the highest rates of mobile money usage in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding balances on active mobile money accounts in the Democratic Republic of the Congo as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the usage and adoption of digital financial services in the country, which is an important indicator of financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to monitor the development of the digital finance ecosystem and assess financial inclusion efforts in the region.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the IMF.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Balances on Active Mobile Money Accounts for Congo (CODFCMAABGGDPPT), retrieved from FRED.