Use of Financial Services: Key Indicators Mobile Money Transactions (during the Reference Year) Per 1000 Adults for Congo
CODFCMTANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,004.83
Year-over-Year Change
56.67%
Date Range
1/1/2018 - 1/1/2020
Summary
This economic indicator tracks mobile money transactions per 1,000 adults in the Democratic Republic of the Congo, providing insights into financial inclusion and digital payment adoption.
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 mobile money transactions per 1,000 adults metric measures the prevalence and usage of digital financial services within the Congolese population. It is an important indicator of financial inclusion and the development of the country's digital payments ecosystem.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Historical Context
This trend is closely monitored by policymakers, financial institutions, and development organizations to assess progress towards greater financial access and economic integration.
Key Facts
- The DRC has one of the lowest rates of mobile money usage in sub-Saharan Africa.
- Mobile money can facilitate access to financial services for unbanked populations.
- Increasing mobile money adoption is a key policy goal for financial inclusion in the DRC.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of mobile money transactions per 1,000 adults in the Democratic Republic of the Congo. 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 metric is an important indicator of financial inclusion and the development of the digital payments ecosystem in the DRC. It is closely monitored by policymakers, financial institutions, and development organizations to assess progress towards greater financial access and economic integration.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Q: How is this trend used in economic policy?
A: Increasing mobile money adoption is a key policy goal for financial inclusion in the DRC, as it can facilitate access to financial services for unbanked populations and support broader economic development.
Q: Are there update delays or limitations?
A: The Global Findex database, which includes this indicator, is updated every three years, so there may be a delay in the availability of the most recent data.
Related Trends
Number of Identified Exporters to the Democratic Republic of the Congo from Connecticut
CTCODA475SCEN
Number of Identified Exporters to the Democratic Republic of the Congo from Pennsylvania
PACODA475SCEN
Use of Financial Services: Number of Loan Accounts at Commercial Banks for Congo
CODFCNODCNUM
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Congo
CODFCBODCKNUM
Number of Identified Exporters to the Democratic Republic of the Congo from Ohio
OHCODA475SCEN
Value of Exports to the Democratic Republic of the Congo from Indiana
INCODA052SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Mobile Money Transactions (during the Reference Year) Per 1000 Adults for Congo (CODFCMTANUM), retrieved from FRED.