Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Guinea
GINFCMORNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205,643.00
Year-over-Year Change
4789.28%
Date Range
1/1/2015 - 1/1/2023
Summary
This trend measures the registered number of agent outlets for mobile banking in Guinea. It provides insights into the geographical outreach and accessibility of 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 Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Guinea trend represents the total number of registered agent outlets, such as local shops or post offices, that offer mobile banking services to the population. This metric is used to evaluate the financial inclusion and accessibility of digital banking channels in Guinea.
Methodology
The data is collected by the Central Bank of Guinea through surveys and administrative records of registered mobile banking agents.
Historical Context
This trend is relevant for policymakers and financial institutions to assess the progress in expanding financial services and digital banking infrastructure in Guinea.
Key Facts
- Guinea had over 7,000 registered mobile banking agent outlets in 2021.
- Mobile banking agent outlets have grown by 50% in Guinea since 2018.
- Less than 20% of the Guinean population had access to formal financial services in 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the registered number of agent outlets that provide mobile banking services to the population in Guinea.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical outreach and accessibility of digital financial services in Guinea, which is crucial for evaluating financial inclusion and the progress of digital banking infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Guinea through surveys and administrative records of registered mobile banking agent outlets.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this trend to assess the progress in expanding financial services and digital banking infrastructure in Guinea, which is crucial for promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and may not capture all informal or unregistered mobile banking agent outlets in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Guinea (GINFCMORNUM), retrieved from FRED.