Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Fiji
FJIFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.17
Year-over-Year Change
11160.05%
Date Range
1/1/2011 - 1/1/2022
Summary
This economic trend measures the value of mobile money transactions in Fiji as a percentage of the country's gross domestic product (GDP) during a reference year.
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: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Fiji series tracks the total value of mobile money transactions in Fiji, expressed as a percentage of the country's GDP. This metric provides insight into the adoption and use of digital financial services within the Fijian economy.
Methodology
The data is collected and calculated by the World Bank based on information provided by the Central Bank of Fiji.
Historical Context
This trend is relevant for policymakers and analysts assessing the financial inclusion and digital transformation of the Fijian economy.
Key Facts
- Fiji's mobile money transaction value was 6.7% of GDP in the reference year.
- Mobile money has expanded financial access in rural and remote areas of Fiji.
- Digital payments help drive economic activity and reduce reliance on cash.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Fiji as a percentage of the country's gross domestic product (GDP) during a reference year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the adoption and use of digital financial services within the Fijian economy, which is relevant for policymakers and analysts assessing financial inclusion and digital transformation.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information provided by the Central Bank of Fiji.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the financial inclusion and digital transformation of the Fijian economy.
Q: Are there update delays or limitations?
A: The data is reported annually, and there may be delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Fiji (FJIFCMTVGGDPPT), retrieved from FRED.