Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Dominican Republic
DOMFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,322.00
Year-over-Year Change
60.25%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Dominican Republic' series tracks the total number of ATMs installed across the Dominican Republic. This metric provides insight into the accessibility and penetration of financial services infrastructure 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
This economic indicator represents the total count of automated teller machines (ATMs) deployed nationwide in the Dominican Republic. The number of ATMs is a measure of the geographical reach and density of financial services, which is an important factor in financial inclusion and economic development.
Methodology
The data is collected and reported by the Central Bank of the Dominican Republic.
Historical Context
Policymakers and financial institutions use this metric to evaluate the progress of financial sector development and identify underserved areas.
Key Facts
- The number of ATMs in the Dominican Republic has grown from 1,600 in 2010 to over 3,000 in 2021.
- ATM access varies significantly by region, with higher concentrations in urban areas.
- Increasing ATM penetration is a key policy goal to promote financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of automated teller machines (ATMs) installed across the Dominican Republic, providing a measure of the geographical reach and density of financial services infrastructure in the country.
Q: Why is this trend relevant for users or analysts?
A: The number of ATMs is an important metric for evaluating financial inclusion and the accessibility of banking services, which are key factors in economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Dominican Republic.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this metric to assess progress in financial sector development and identify underserved areas that may require targeted interventions.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and may not capture all ATMs installed in remote or informal areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Dominican Republic (DOMFCACNUM), retrieved from FRED.