Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Australia
AUSFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,346.00
Year-over-Year Change
-21.06%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Australia' trend measures the total number of ATMs installed across Australia. This provides insight into the accessibility of cash withdrawal and banking services nationwide.
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 tracks the total count of ATMs in operation throughout Australia, including those owned and operated by banks, credit unions, and independent service providers. The ATM network size is an important metric for evaluating the geographical reach and convenience of financial services for consumers and businesses.
Methodology
The data is collected and reported by the Reserve Bank of Australia through a regular industry survey.
Historical Context
Policymakers and financial sector analysts monitor ATM availability as a proxy for financial inclusion and the infrastructure supporting cash transactions.
Key Facts
- Australia had over 30,000 ATMs nationwide as of the latest data.
- ATM numbers have declined by 10% over the past 5 years.
- Rural and remote areas have lower ATM density compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of automated teller machines (ATMs) installed and operating across Australia.
Q: Why is this trend relevant for users or analysts?
A: The size of the ATM network provides insight into the geographical reach and accessibility of cash withdrawal and banking services for consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of Australia through a regular industry survey.
Q: How is this trend used in economic policy?
A: Policymakers and financial sector analysts monitor ATM availability as an indicator of financial inclusion and the infrastructure supporting cash transactions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in the ATM network.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Australia (AUSFCACNUM), retrieved from FRED.