Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Congo
CODFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,038,939.64
Year-over-Year Change
100.95%
Date Range
1/1/2018 - 1/1/2020
Summary
This economic trend measures the value of mobile money transactions in the Democratic Republic of Congo during the reference year. It provides insights into the adoption and usage of mobile 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: Value of Mobile Money Transactions (during the Reference Year) for Congo' series tracks the total value of mobile money transactions in the Democratic Republic of Congo. This metric is used by economists and policymakers to gauge the growth and impact of mobile financial inclusion in the country.
Methodology
The data is collected by the Central Bank of Congo and reported to the International Monetary Fund.
Historical Context
This trend is relevant for understanding the development of mobile financial services and digital payment adoption in the Congolese economy.
Key Facts
- Mobile money transactions in Congo were valued at $X billion in the reference year.
- X% of the Congolese population used mobile money services in the reference period.
- Congo ranks Xth globally in mobile money transaction value.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in the Democratic Republic of Congo during the reference year. It provides insight 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 important for understanding the growth and impact of mobile financial inclusion in the Congolese economy. It is used by economists and policymakers to track the development of the digital payments ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Congo and reported to the International Monetary Fund.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and institutions focused on financial inclusion and the expansion of digital financial services in developing economies like the Democratic Republic of Congo.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or gaps, as the collection and reporting process involves coordination between the national central bank and international institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Congo (CODFCMTVXDC), retrieved from FRED.