Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Solomon Islands
SLBFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156,000,000.00
Year-over-Year Change
4131.58%
Date Range
1/1/2013 - 1/1/2020
Summary
This economic trend measures the total value of mobile money transactions in Solomon Islands during the 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 Solomon Islands series tracks the total monetary value of mobile money transactions, which is a key indicator of digital financial inclusion and the growth of the mobile money ecosystem.
Methodology
The data is collected by the central bank or financial regulatory authorities in Solomon Islands.
Historical Context
This trend is relevant for policymakers, financial institutions, and researchers analyzing the development of digital finance and financial technology in emerging markets.
Key Facts
- Solomon Islands had $XX million in mobile money transactions in the reference year.
- Mobile money accounts for X% of total financial transactions in the country.
- The mobile money user base in Solomon Islands has grown by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Solomon Islands during the reference year, providing 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 policymakers, financial institutions, and researchers analyzing the development of digital finance and financial technology in emerging markets like Solomon Islands.
Q: How is this data collected or calculated?
A: The data is collected by the central bank or financial regulatory authorities in Solomon Islands.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial regulators to monitor the growth of digital financial services and identify opportunities to further promote financial inclusion in Solomon Islands.
Q: Are there update delays or limitations?
A: The data may be subject to update delays of up to X months, and the methodology and coverage may vary across different countries and reporting periods.
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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 Solomon Islands (SLBFCMTVXDC), retrieved from FRED.