Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Morocco
MARFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
283.62%
Date Range
1/1/2020 - 1/1/2023
Summary
This economic trend measures the value of mobile money transactions as a percentage of GDP in Morocco. It provides insights into the adoption and usage 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 Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Morocco tracks the total value of mobile money transactions in relation to the country's overall economic output. This metric is used by economists and policymakers to monitor the growth and integration of digital financial services within the Moroccan economy.
Methodology
The data is collected by the Moroccan central bank and other regulatory authorities.
Historical Context
This trend is relevant for understanding the development of Morocco's financial sector and the shift towards digital payment solutions.
Key Facts
- Mobile money transactions accounted for X% of Morocco's GDP in the reference year.
- The value of mobile money transactions in Morocco grew by Y% over the past 5 years.
- X% of the Moroccan population uses mobile money services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Morocco as a percentage of the country's GDP. It provides insights into the adoption and usage of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the development of Morocco's financial sector and the shift towards digital payment solutions. It informs economists and policymakers about the growth and integration of mobile money within the Moroccan economy.
Q: How is this data collected or calculated?
A: The data is collected by the Moroccan central bank and other regulatory authorities.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the progress of financial inclusion and the adoption of digital payment technologies in Morocco. It can inform policies and initiatives aimed at promoting the growth of the digital financial services sector.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting, and the methodology and coverage can vary over time. Users should refer to the source documentation for the most up-to-date information on data limitations and release schedules.
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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 Morocco (MARFCMTVGGDPPT), retrieved from FRED.