Use of Financial Services: Key Indicators, Outstanding Balances on Active Mobile Money Accounts for Fiji
FJIFCMAABGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
4974.23%
Date Range
1/1/2014 - 1/1/2022
Summary
This economic trend measures the outstanding balances on active mobile money accounts in Fiji, providing insight into the use 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 for Fiji indicator tracks the total value of funds held in mobile money accounts by Fijian consumers and businesses. This metric is used to assess the adoption and utilization of mobile financial technologies in the Fijian economy.
Methodology
The data is collected and reported by the Fijian central bank and other regulatory authorities.
Historical Context
This trend is relevant for understanding financial inclusion and the digitization of payments in developing economies.
Key Facts
- Fiji has over 600,000 active mobile money accounts.
- Mobile money accounts in Fiji hold over $100 million in total balances.
- Mobile money usage in Fiji has grown by over 20% annually in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of funds held in active mobile money accounts in Fiji, providing insight into the adoption and use of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the digitization of payments in developing economies like Fiji.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Fijian central bank and other regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the progress of financial inclusion initiatives and the adoption of mobile money services in the Fijian economy.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the coverage may not include all mobile money providers in Fiji.
Related Trends
Non-Bank Financial Institutions' Assets to GDP for Fiji
DDDI03FJA156NWDB
Gross Domestic Product for Fiji
MKTGDPFJA646NWDB
Number of Identified Exporters to Fiji from California
CAFJIA475SCEN
Number of Identified Exporters to Fiji from Minnesota
MNFJIA475SCEN
Number of Identified Exporters to Fiji from Hawaii
HIFJIA475SCEN
Number of Identified Exporters to Fiji from Wyoming
WYFJIA475SCEN
Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Balances on Active Mobile Money Accounts for Fiji (FJIFCMAABGGDPPT), retrieved from FRED.