Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Benin
BENFCAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.12
Year-over-Year Change
21.05%
Date Range
1/1/2014 - 1/1/2023
Summary
The 'Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Benin' trend measures the number of automated teller machines (ATMs) per 100,000 adults in Benin. This metric is a key indicator of financial inclusion and access to 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 indicator provides insight into the availability and penetration of financial infrastructure in Benin. It is used by economists, policymakers, and development organizations to assess progress in expanding access to financial services and promoting financial inclusion within the country.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Historical Context
This indicator is relevant for evaluating Benin's efforts to improve financial access and support economic development.
Key Facts
- Benin had 13.53 ATMs per 100,000 adults in 2017.
- ATM access in Benin lags behind the regional average for Sub-Saharan Africa.
- Expanding ATM networks is a key priority for increasing financial inclusion in Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of automated teller machines (ATMs) per 100,000 adults in Benin, providing an indicator of financial infrastructure and access to banking services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for evaluating progress in expanding financial inclusion and access to banking in Benin, which are key drivers of economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Inclusion (Global Findex) database.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this indicator to assess Benin's efforts to improve financial access and support broader economic growth.
Q: Are there update delays or limitations?
A: The data is reported on a periodic basis by the World Bank, so there may be some delay in the most recent updates.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Benin (BENFCAANUM), retrieved from FRED.