Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Lao People's Democratic Republic
LAOFCAKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.61
Year-over-Year Change
245.25%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the number of ATMs per 1,000 square kilometers in Lao People's Democratic Republic, providing insights into the country's financial infrastructure and accessibility.
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
The ATMs per 1,000 square kilometers metric represents the geographic distribution and density of automated teller machines in Lao PDR. This indicator is used to assess the reach and availability of banking services, which is crucial for financial inclusion and economic development.
Methodology
The data is collected and reported by the World Bank based on information provided by the Lao national authorities.
Historical Context
Policymakers and analysts use this metric to evaluate the progress of financial sector development and identify areas for improvement in Lao PDR's banking infrastructure.
Key Facts
- Lao PDR had 8.71 ATMs per 1,000 square kilometers in 2020.
- The number of ATMs per 1,000 square kilometers has increased by 63% since 2010.
- Improving ATM density is a key goal for Lao PDR's financial sector development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of automated teller machines (ATMs) per 1,000 square kilometers in Lao People's Democratic Republic, which indicates the geographic availability and density of banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The ATMs per 1,000 square kilometers metric is crucial for evaluating financial inclusion and access to banking services, which are important for economic development in Lao PDR.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on information provided by the Lao national authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the progress of financial sector development and identify areas for improvement in Lao PDR's banking infrastructure.
Q: Are there update delays or limitations?
A: The data is published annually, with the most recent figures available for 2020.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Lao People's Democratic Republic (LAOFCAKNUM), retrieved from FRED.