Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Albania
ALBFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,011.00
Year-over-Year Change
22.84%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the total number of automated teller machines (ATMs) nationwide in Albania. It is a key indicator of financial access and infrastructure development.
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 number of ATMs reflects the availability of banking services and digital financial infrastructure across a country. This metric is used by economists and policymakers to assess financial inclusion and the reach of the banking system.
Methodology
The data is collected through surveys of financial institutions and point-of-sale terminal providers.
Historical Context
Policymakers monitor ATM growth to inform financial sector strategies and digital transformation initiatives.
Key Facts
- Albania had over 2,000 ATMs as of the latest data.
- ATM growth has averaged 5% annually over the past decade.
- ATM density is highest in urban areas, indicating uneven geographic coverage.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) operating nationwide in Albania.
Q: Why is this trend relevant for users or analysts?
A: The number of ATMs is a key indicator of financial access and infrastructure development, which is important for assessing financial inclusion and the reach of the banking system.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial institutions and point-of-sale terminal providers.
Q: How is this trend used in economic policy?
A: Policymakers monitor ATM growth to inform financial sector strategies and digital transformation initiatives.
Q: Are there update delays or limitations?
A: The data may have lags due to the survey-based collection method, and may not capture all informal or unregistered ATMs.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Albania (ALBFCACNUM), retrieved from FRED.