Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Nigeria
NGAFCAKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.08
Year-over-Year Change
59.94%
Date Range
1/1/2005 - 1/1/2023
Summary
This economic indicator tracks the number of ATMs per 1,000 square kilometers in Nigeria, providing insight into the geographical outreach and accessibility of financial 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
The ATMs per 1,000 square kilometers metric is used to assess the physical infrastructure and geographic coverage of the banking and financial system in Nigeria. It is an important indicator of financial inclusion and the ability of the population to access basic financial services.
Methodology
The data is collected by the Central Bank of Nigeria and based on the total number of ATMs installed and the total land area of the country.
Historical Context
This indicator is closely monitored by policymakers, regulators, and financial institutions to guide strategies for expanding financial access and promoting economic development.
Key Facts
- Nigeria has a total land area of over 923,000 square kilometers.
- The number of ATMs per 1,000 square kilometers in Nigeria has increased from 2.4 in 2010 to 5.7 in 2020.
- Improving financial inclusion is a key priority for the Nigerian government and central bank.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of ATMs per 1,000 square kilometers in Nigeria, providing insight into the geographic coverage and accessibility of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The ATMs per 1,000 square kilometers metric is an important indicator of financial inclusion and the ability of the Nigerian population to access basic banking and financial services, which is crucial for economic development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Nigeria and based on the total number of ATMs installed and the total land area of the country.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers, regulators, and financial institutions to guide strategies for expanding financial access and promoting economic development in Nigeria.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of Nigeria, but there may be occasional delays or limitations in data collection and reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Nigeria (NGAFCAKNUM), retrieved from FRED.