Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Tonga
TONFCMTVXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,000,000.00
Year-over-Year Change
112282.51%
Date Range
1/1/2011 - 1/1/2018
Summary
This trend measures the value of mobile money transactions in Tonga during a given reference year. It provides insights into the adoption and usage of mobile financial services within the Tongan economy.
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 Tonga' metric tracks the total monetary value of mobile money transfers and payments conducted in Tonga over a 12-month period. This data point is used by economists and policymakers to gauge the penetration and impact of digital financial inclusion in the country.
Methodology
The data is collected through surveys and reporting from mobile money service providers operating in Tonga.
Historical Context
This metric is relevant for understanding financial access and the growth of digital payments in emerging markets.
Key Facts
- Tonga had over $X million in mobile money transactions in the reference year.
- Mobile money accounts for Y% of total financial transactions in Tonga.
- Z% of the Tongan population used mobile money services in the reference year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of mobile money transactions conducted in Tonga during a 12-month reference period. 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 metric is important for understanding financial inclusion and the growth of digital payments in emerging markets like Tonga. It helps economists and policymakers assess the impact of mobile money on financial access and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from mobile money service providers operating in Tonga.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, central banks, and international organizations to monitor the expansion of digital financial services and guide strategies for promoting financial inclusion in emerging economies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting from mobile money providers, and the metric may not capture all informal or unregistered transactions. However, it remains a valuable indicator of digital finance adoption in Tonga.
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Use of Financial Services: Key Indicators Mobile Money Transactions (during the Reference Year) Per 1000 Adults for Tonga
TONFCMTANUM
Citation
U.S. Federal Reserve, Use of Financial Services, Mobile Banking: Value of Mobile Money Transactions (during the Reference Year) for Tonga (TONFCMTVXDC), retrieved from FRED.