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Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest.
CBDCs See Consistent Search Growth, Top Regions Include South Korea and Jamaica
In recent years, central bank digital currencies (CBDCs) have become a significant topic in discussions about modern finance and the global economy. Essentially, a CBDC is a digital version of a country’s fiat currency, managed and issued by the central bank, facilitating digital transactions. Interest in CBDCs has increased, driven by both positive and negative discussions on the topic.
Google Trends assigns a score between 1 and 100 to represent a term’s search interest relative to its peak during a specific period and location. A score of 100 indicates maximum popularity, while lower scores denote lesser interest. From December 4-10, 2022, the search term “CBDC” achieved a score of 74.
Between March 19-25, 2023, “CBDC” reached a top score of 100. The previous high was 64 in July 2023, after which interest declined. Over the past 90 days, Google Trends shows the term “CBDC” hit a score of 100 on March 28, 2024, and 79 on May 23 of this year. Most of the 90-day chart scores fall between 20 and 50.
Over five years, South Korea leads as the most popular region for “CBDC” searches, followed by Jamaica. Hong Kong, Singapore, and China to complete the top five. Related topics and queries include “Reserve Bank of India,” “Stablecoin,” “World Economic Forum,” “RBI,” and “CBDC countries.”
As of March 2024, more than 130 countries were researching CBDCs, with three countries launching CBDCs and 36 conducting pilot programs. The growing interest in CBDCs, as shown by Google Trends, highlights a significant move towards integrating digital currencies into global economies. This trend reflects not only increased public curiosity but also a stronger commitment from policymakers to explore and potentially adopt these types of digital currencies.
What do you think about the interest in CBDCs over the past five years? Share your thoughts and opinions about this subject in the comments section below.