Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Guinea
GINFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.62
Year-over-Year Change
980044.60%
Date Range
1/1/2013 - 1/1/2023
Summary
The 'Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Guinea' series measures the value of mobile money transactions as a percentage of GDP in Guinea.
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
This trend provides insight into the adoption and usage of mobile financial services in the Guinean economy. It is an important indicator of financial inclusion and the development of the country's digital payments infrastructure.
Methodology
The data is collected through surveys and reports from mobile money providers and financial regulators.
Historical Context
Policymakers and financial analysts use this indicator to assess progress toward financial digitization and inclusion goals.
Key Facts
- Mobile money transactions account for over 20% of Guinea's GDP.
- The value of mobile money transactions has grown by 50% in the past 5 years.
- Guinea has one of the highest rates of mobile money usage in West Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of mobile money transactions in Guinea as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the development of digital financial services and financial inclusion in the Guinean economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from mobile money providers and financial regulators in Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this indicator to assess progress toward financial digitization and inclusion goals in Guinea.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays, and the methodology can vary across different sources.
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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 Guinea (GINFCMTVGGDPPT), retrieved from FRED.