Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Colombia
COLFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,008.00
Year-over-Year Change
47.01%
Date Range
1/1/2007 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Colombia' trend measures the total number of ATMs installed nationwide in Colombia. This metric is important for assessing financial inclusion and the accessibility of banking services across 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 series tracks the total count of ATMs deployed by financial institutions throughout Colombia. It provides insight into the geographical spread and density of banking infrastructure, which is a key indicator of financial access and development within the country.
Methodology
The data is collected by the Central Bank of Colombia through surveys of financial institutions operating in the country.
Historical Context
Policymakers and analysts use this metric to monitor the evolution of Colombia's financial sector and identify areas that may require improved ATM coverage.
Key Facts
- Colombia had over 58,000 ATMs in 2021.
- ATM density increased from 7.8 per 10,000 adults in 2010 to 11.7 in 2021.
- The number of ATMs in Colombia has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) installed nationwide in Colombia, providing insight into the country's financial infrastructure and accessibility of banking services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the geographical spread of banking services across Colombia, which is a key indicator of economic development and access to financial services.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Colombia through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the evolution of Colombia's financial sector and identify areas that may require improved ATM coverage to enhance financial inclusion and accessibility.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may not capture all ATMs deployed, particularly in remote or underserved areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Colombia (COLFCACNUM), retrieved from FRED.