Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Morocco
MARFCMAAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
-5.24%
Date Range
1/1/2012 - 1/1/2013
Summary
This economic trend measures the number of active mobile money accounts per 1,000 adults in Morocco. It is a key indicator of financial inclusion and the adoption 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 active mobile money accounts per 1,000 adults metric tracks the penetration of mobile money services in the Moroccan population. It provides insights into the accessibility and utilization of digital financial tools, which are crucial for economic development and financial inclusion.
Methodology
The data is collected and calculated by the World Bank based on national-level surveys and information from mobile network operators.
Historical Context
This indicator is used by policymakers, economists, and financial institutions to assess progress towards financial inclusion goals and inform policies that promote the adoption of mobile money services.
Key Facts
- Morocco has seen a steady increase in active mobile money accounts per 1,000 adults since 2014.
- Digital financial services play a crucial role in expanding access to banking and payments for unbanked populations.
- Mobile money adoption is a key indicator of financial inclusion and economic empowerment in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of active mobile money accounts per 1,000 adults in Morocco, which is a key indicator of financial inclusion and the adoption of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the accessibility and utilization of digital financial tools, which are crucial for economic development and financial inclusion in Morocco.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national-level surveys and information from mobile network operators.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers, economists, and financial institutions to assess progress towards financial inclusion goals and inform policies that promote the adoption of mobile money services.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limitations based on the availability of national-level surveys and information from mobile network operators.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Morocco (MARFCMAAANUM), retrieved from FRED.