Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Rwanda
RWAFCMAAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
789.38
Year-over-Year Change
1080.36%
Date Range
1/1/2011 - 1/1/2023
Summary
This economic trend measures the number of active mobile money accounts per 1,000 adults in Rwanda. 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 Active Mobile Money Accounts Per 1000 Adults for Rwanda' series tracks the penetration of mobile money services in the Rwandan economy. It is a key indicator of financial inclusion and the development of the digital payments infrastructure.
Methodology
The data is collected by the World Bank from national regulatory and statistical authorities.
Historical Context
Policymakers and financial institutions use this metric to assess progress towards Rwanda's financial inclusion goals.
Key Facts
- Rwanda had 713 active mobile money accounts per 1,000 adults in 2021.
- Mobile money accounts grew by over 25% annually in Rwanda from 2017 to 2021.
- Over 50% of Rwandan adults used mobile money services in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of active mobile money accounts per 1,000 adults in Rwanda. It tracks the adoption and usage of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of financial inclusion and the development of Rwanda's digital payments infrastructure. It provides insights that are relevant for policymakers, financial institutions, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national regulatory and statistical authorities in Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this metric to assess progress towards Rwanda's financial inclusion goals and the growth of the digital payments ecosystem.
Q: Are there update delays or limitations?
A: The data is updated annually, with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Active Mobile Money Accounts Per 1000 Adults for Rwanda (RWAFCMAAANUM), retrieved from FRED.