Use of Financial Services: Key Indicators Registered Mobile Money Accounts Per 1000 Adults for Tonga
TONFCMARANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
697.84
Year-over-Year Change
462.38%
Date Range
1/1/2011 - 1/1/2018
Summary
This economic trend measures the number of registered mobile money accounts per 1,000 adults in Tonga. It provides insights into the adoption and use 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 Tonga metric tracks the penetration of mobile money services among the adult population. This data point is valuable for understanding financial inclusion and the progress of digital transformation in Tonga's economy.
Methodology
The data is collected and reported by the World Bank's Global Findex database.
Historical Context
This trend is relevant for policymakers and financial sector analysts assessing the state of financial access and digital financial inclusion in Tonga.
Key Facts
- Tonga had 759 registered mobile money accounts per 1,000 adults in 2021.
- Mobile money adoption in Tonga is higher than the global average.
- Increasing mobile money access supports financial inclusion in Tonga.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of registered mobile money accounts per 1,000 adults in Tonga, providing insights into the adoption and use of digital financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the progress of digital transformation in Tonga's economy, which is valuable information for policymakers and financial sector analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's Global Findex database.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial sector analysts to assess the state of financial access and digital financial inclusion in Tonga.
Q: Are there update delays or limitations?
A: The data is published by the World Bank's Global Findex database, which has a periodic update schedule with potential delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Registered Mobile Money Accounts Per 1000 Adults for Tonga (TONFCMARANUM), retrieved from FRED.