Use of Financial Services: Key Indicators Registered Mobile Money Accounts Per 1000 Adults for Rwanda
RWAFCMARANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,150.36
Year-over-Year Change
1964.64%
Date Range
1/1/2010 - 1/1/2023
Summary
This economic trend measures the number of registered 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 Registered Mobile Money Accounts Per 1000 Adults for Rwanda metric tracks the penetration of mobile money services in the adult population. It serves as an important indicator of financial inclusion and the development of digital financial infrastructure.
Methodology
The data is collected by the World Bank through surveys and national statistics.
Historical Context
This trend is used by policymakers, financial institutions, and economists to assess financial inclusion and the growth of digital finance in Rwanda.
Key Facts
- Rwanda has one of the highest mobile money account penetration rates in Africa.
- The number of registered mobile money accounts per 1,000 adults in Rwanda has grown significantly in recent years.
- Increasing mobile money usage is a key policy priority for the Rwandan government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of registered mobile money accounts per 1,000 adults in Rwanda. 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 an important indicator of financial inclusion and the development of digital financial infrastructure in Rwanda. It is used by policymakers, financial institutions, and economists to assess the growth of mobile money and digital finance in the country.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and national statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, financial institutions, and economists to evaluate the progress of financial inclusion and the growth of digital finance in Rwanda.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in data collection, which should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Registered Mobile Money Accounts Per 1000 Adults for Rwanda (RWAFCMARANUM), retrieved from FRED.