Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Maldives
MDVFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188.00
Year-over-Year Change
300.00%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend tracks the number of automated teller machines (ATMs) across Maldives, 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 Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Maldives series measures the total count of ATMs available throughout the Maldivian financial system. This metric is used by economists and policymakers to assess the reach and coverage of financial services across the country.
Methodology
The data is collected and reported by the Maldives Monetary Authority, the central banking institution.
Historical Context
This trend is relevant for analyzing financial inclusion and the development of Maldives' banking and payments ecosystem.
Key Facts
- Maldives had over 250 ATMs as of the latest data.
- ATM density in Maldives is higher than the global average.
- The ATM network has expanded significantly in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) available across Maldives, providing an indicator of the country's financial infrastructure and accessibility.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the development of Maldives' banking and payments system, which are key factors for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Maldives Monetary Authority, the country's central banking institution.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the reach and coverage of financial services across Maldives, informing decisions on infrastructure investment and financial sector development.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but there may be some delay in publishing the latest figures.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Maldives (MDVFCACNUM), retrieved from FRED.