Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Colombia
COLFCAKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.43
Year-over-Year Change
47.01%
Date Range
1/1/2007 - 1/1/2023
Summary
This economic trend measures the number of ATMs per 1,000 square kilometers in Colombia, providing insights into the geographical outreach and accessibility of financial services across 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 Km2 indicator tracks the density of automated teller machines in Colombia, a key metric for evaluating the physical distribution and penetration of financial infrastructure. This data is used by economists and policymakers to assess financial inclusion and the availability of banking services in both urban and rural areas.
Methodology
The data is collected and calculated by the Central Bank of Colombia based on the total number of ATMs and the geographical area of the country.
Historical Context
This indicator is relevant for understanding financial access and supporting policy decisions aimed at expanding the reach of banking services.
Key Facts
- Colombia has over 42,000 ATMs across the country.
- The national average is 37 ATMs per 1,000 square kilometers.
- ATM density is higher in urban areas compared to rural regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of automated teller machines (ATMs) per 1,000 square kilometers in Colombia, providing insights into the geographical distribution and accessibility of financial services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for evaluating financial inclusion and the reach of banking infrastructure, which is crucial for supporting economic development and ensuring equitable access to financial services.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Colombia based on the total number of ATMs and the geographical area of the country.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess the availability and distribution of financial services, informing decisions aimed at expanding the reach of banking infrastructure and promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Central Bank of Colombia, but there may be some delays in reporting or coverage limitations in certain regions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Colombia (COLFCAKNUM), retrieved from FRED.