Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Guinea
GINFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
223.00
Year-over-Year Change
291.23%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Guinea' metric tracks the total number of ATMs deployed across Guinea, providing insights into the accessibility of financial services for the population.
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 physical distribution and availability of ATM infrastructure in Guinea, which is a key factor in financial inclusion and the ability of consumers to access banking services. The ATM count can inform policy decisions related to the development of the financial sector and digital economy.
Methodology
The data is collected by the Central Bank of Guinea and reported through national financial statistics.
Historical Context
ATM distribution is monitored by policymakers and financial institutions to evaluate progress in extending banking services, especially in underserved regions.
Key Facts
- Guinea had 251 ATMs as of the latest data point.
- ATM density in Guinea is 1.8 per 100,000 adults.
- ATM access has grown by 7.3% annually over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of automated teller machines (ATMs) deployed across the country of Guinea, providing insights into the physical distribution and accessibility of banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The ATM count is an important indicator of financial inclusion and the ability of the population to access basic banking services, which is a key driver of economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Guinea as part of the country's financial sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions monitor ATM distribution to evaluate progress in extending banking services, especially in underserved regions, and to inform decisions related to financial sector development.
Q: Are there update delays or limitations?
A: The data may be subject to periodic reporting delays by the central bank, and does not capture non-bank ATM providers or informal financial access points.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Guinea (GINFCACNUM), retrieved from FRED.