Use of Financial Services: Key Indicators, Value of Mobile Money Transactions During the Reference Year for Swaziland
SWZFCMTVGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.66
Year-over-Year Change
379695.80%
Date Range
1/1/2011 - 1/1/2023
Summary
This trend measures the value of mobile money transactions as a percentage of GDP in Swaziland. 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 Swaziland' series tracks the total value of mobile money transactions in Swaziland as a share of its gross domestic product. This metric serves as an indicator of the growth and penetration of digital finance within the country's economy.
Methodology
The data is collected by the Central Bank of Swaziland and reported to the IMF's Financial Access Survey.
Historical Context
This indicator is used by policymakers, financial institutions, and development organizations to assess financial inclusion and the digitization of payments in Swaziland.
Key Facts
- Mobile money transactions accounted for over 25% of Swaziland's GDP in the latest year.
- Swaziland has one of the highest rates of mobile money usage in Africa.
- Digital payments help increase financial access for unbanked populations in Swaziland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions in Swaziland as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the growth and adoption of digital financial services in Swaziland, which is important for assessing financial inclusion and the modernization of the country's payment systems.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Swaziland and reported to the IMF's Financial Access Survey.
Q: How is this trend used in economic policy?
A: Policymakers, financial institutions, and development organizations use this indicator to monitor the progress of financial digitization and inclusion initiatives in Swaziland.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay of up to a year in the most recent figures being available.
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SWZBRASSMIMH
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MTSWZA475SCEN
Number of Identified Exporters to Swaziland from South Carolina
SCSWZA475SCEN
Consumer Prices at End of Period for Swaziland
SWZPCPIEOPPCPPPT
Stock Market Turnover Ratio (Value Traded/Capitalization) for Swaziland
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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 Swaziland (SWZFCMTVGGDPPT), retrieved from FRED.