Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Fiji
FJIFCMAAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
721.20
Year-over-Year Change
5116.30%
Date Range
1/1/2014 - 1/1/2022
Summary
This economic indicator tracks the number of active mobile money accounts per 1,000 adults in Fiji, providing insights into the adoption and usage of digital financial services.
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 mobile money accounts is an important metric for understanding financial inclusion and the growth of digital payments in developing economies. This data series offers a window into the level of mobile money engagement among the adult population in Fiji.
Methodology
The data is collected through household surveys and reported by the World Bank.
Historical Context
Trends in mobile money account usage are closely monitored by policymakers, financial institutions, and development organizations.
Key Facts
- Fiji had 590 active mobile money accounts per 1,000 adults in 2021.
- Mobile money has expanded access to financial services in rural Fiji.
- Digital payments help drive economic activity and reduce poverty.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of active mobile money accounts per 1,000 adults in Fiji, providing insights into the adoption and usage of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: Trends in mobile money account usage are closely monitored by policymakers, financial institutions, and development organizations as a key metric of financial inclusion and the growth of digital payments in the economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this data to track the progress of financial inclusion initiatives and the adoption of digital financial services in the Fijian economy.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be a lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Fiji (FJIFCMAAANUM), retrieved from FRED.