Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Lao People's Democratic Republic
LAOFCAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.67
Year-over-Year Change
169.03%
Date Range
1/1/2008 - 1/1/2023
Summary
The 'Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Lao People's Democratic Republic' trend measures the availability of automated teller machines (ATMs) per 100,000 adults in Laos. This metric provides insight into the level of financial inclusion and accessibility of banking services 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 indicator tracks the density of ATM infrastructure in Laos, which is an important factor in determining the reach and penetration of formal financial services. It is used by economists, policymakers, and development organizations to evaluate progress in financial inclusion and assess barriers to accessing banking channels.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Historical Context
This metric is particularly relevant for analyzing economic development, financial sector deepening, and inclusive growth initiatives in Laos.
Key Facts
- Laos had 13.53 ATMs per 100,000 adults in 2017.
- ATM density in Laos is low compared to regional peers.
- Improving ATM access is a key priority for advancing financial inclusion in Laos.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of automated teller machines (ATMs) per 100,000 adults in Laos. It provides an indicator of the accessibility and availability of basic banking infrastructure in the country.
Q: Why is this trend relevant for users or analysts?
A: The ATM density metric is an important signal of financial inclusion and the reach of formal banking services. It is used by economists, policymakers, and development organizations to evaluate progress and identify barriers to accessing financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Q: How is this trend used in economic policy?
A: This metric is relevant for analyzing economic development, financial sector deepening, and inclusive growth initiatives in Laos. Policymakers use it to identify areas for improving physical access to banking infrastructure.
Q: Are there update delays or limitations?
A: The data is published by the World Bank with a lag, and may not fully capture recent changes in ATM infrastructure. Additionally, the metric only provides a high-level, national-level view of ATM density.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Lao People's Democratic Republic (LAOFCAANUM), retrieved from FRED.