Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Chad
TCDFCMORNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,929.00
Year-over-Year Change
895.50%
Date Range
1/1/2014 - 1/1/2021
Summary
This trend measures the registered number of agent outlets for mobile banking in Chad, providing insights into the geographical outreach and accessibility of 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 registered number of agent outlets for mobile banking in Chad is an indicator of the expansion and adoption of digital financial services, particularly in areas with limited access to traditional banking infrastructure. This data point is used by economists and policymakers to assess financial inclusion and the progress of financial sector development.
Methodology
The data is collected by the Central Bank of Chad and reported through the Financial Access Survey.
Historical Context
This trend is relevant for understanding the growth of digital financial services and their impact on financial inclusion in Chad.
Key Facts
- Chad had 1,359 registered mobile banking agent outlets in 2020.
- The number of agent outlets has grown by over 50% since 2015.
- Mobile banking is a key driver of financial inclusion in Chad.
FAQs
Q: What does this economic trend measure?
A: This trend measures the registered number of agent outlets for mobile banking services in Chad, which is an indicator of the geographical outreach and accessibility 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 progress of financial inclusion and the development of the financial sector in Chad, as the expansion of mobile banking agent outlets can improve access to financial services for underserved populations.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Chad and reported through the Financial Access Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the growth of digital financial services and their impact on financial inclusion, which is a key priority for economic development in Chad.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the challenges of data collection in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach, Mobile Banking: Registered Number of Agent Outlets for Chad (TCDFCMORNUM), retrieved from FRED.