Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Malawi
MWIFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
508.00
Year-over-Year Change
113.45%
Date Range
1/1/2004 - 1/1/2022
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Malawi' trend measures the total number of ATMs installed across Malawi. This metric is important for economists and policymakers to understand the accessibility of financial services and infrastructure 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 trend represents the total count of ATMs deployed nationwide in Malawi. It is a key indicator of financial inclusion and the penetration of banking services, which are crucial for economic development and supporting household financial needs.
Methodology
The data is collected by the Malawi Reserve Bank through surveys of financial institutions operating in the country.
Historical Context
Policymakers use this metric to inform decisions around financial regulations, infrastructure investments, and programs to expand banking access.
Key Facts
- Malawi had 767 ATMs as of the latest data.
- ATM access varies significantly between urban and rural areas.
- Expanding ATM networks is a key policy goal for improving financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) installed and operational across Malawi.
Q: Why is this trend relevant for users or analysts?
A: The ATM count is an important indicator of financial infrastructure and access to banking services, which are crucial for economic development and household financial management.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions conducted by the Malawi Reserve Bank.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform decisions around financial regulations, infrastructure investments, and programs to expand banking access throughout the country.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric does not capture other financial access points like bank branches or mobile banking.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Malawi (MWIFCACNUM), retrieved from FRED.