Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Rwanda
RWAFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
345.00
Year-over-Year Change
106.59%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Rwanda' trend measures the total number of ATMs operating across Rwanda. This metric is important for economists and policymakers to assess financial inclusion and accessibility of banking services.
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 economic indicator tracks the total count of ATMs installed nationwide in Rwanda. The number of ATMs serves as a proxy for the geographic spread and penetration of formal financial services, which is a key factor in promoting financial inclusion and economic development.
Methodology
The data is collected and reported by the National Bank of Rwanda.
Historical Context
Policymakers use this trend to evaluate the effectiveness of initiatives aimed at expanding financial access and promoting financial literacy.
Key Facts
- Rwanda had over 600 ATMs as of the latest data.
- ATM density in Rwanda has increased by 50% in the past 5 years.
- The government aims to have at least one ATM per 10,000 adults by 2025.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) operating across Rwanda. It serves as an indicator of the geographic outreach and accessibility of formal banking services.
Q: Why is this trend relevant for users or analysts?
A: The number of ATMs is an important metric for assessing financial inclusion and the penetration of banking infrastructure, which are key drivers of economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the National Bank of Rwanda.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to evaluate the effectiveness of initiatives aimed at expanding financial access and promoting financial literacy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all ATMs installed in remote or informal areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Rwanda (RWAFCACNUM), retrieved from FRED.