Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Mozambique
MOZFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,184,254,434,212.94
Year-over-Year Change
94318.72%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic indicator measures the total value of mobile money transactions in Mozambique during a given reference year. 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, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Mozambique tracks the total monetary value of transactions made through mobile money platforms in the country. This metric is used by economists and policymakers to assess the growth and penetration of mobile financial services, which can have implications for financial inclusion and economic development.
Methodology
The data is collected by the national financial authorities in Mozambique.
Historical Context
This trend is relevant for understanding the state of digital financial infrastructure and consumer behavior in Mozambique's economy.
Key Facts
- Mozambique had over 6 million registered mobile money accounts as of 2020.
- Mobile money transactions accounted for over 30% of Mozambique's GDP in 2019.
- The mobile money industry in Mozambique has grown by over 20% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Mozambique during a given reference year. It provides insights into the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the state of digital financial infrastructure and consumer behavior in Mozambique's economy, which can have implications for financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the national financial authorities in Mozambique.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the growth and penetration of mobile financial services in Mozambique.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the national authorities in Mozambique.
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Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Mozambique (MOZFCMTVXDC), retrieved from FRED.