Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Jamaica
JAMFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
900.00
Year-over-Year Change
59.29%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Jamaica' metric tracks the total number of ATMs installed across Jamaica. This data point is important for analyzing financial inclusion and the accessibility of banking services for Jamaican citizens and businesses.
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 series measures the total count of ATMs deployed throughout Jamaica, providing insight into the geographical distribution and density of financial access points in the country. The ATM network data is a key indicator of the banking infrastructure and convenience for consumers.
Methodology
The data is collected by the Central Bank of Jamaica through surveys of financial institutions.
Historical Context
This ATM network data informs policymakers and financial regulators on the state of financial access and the potential need for infrastructure investment.
Key Facts
- Jamaica had 700 ATMs as of the latest data.
- ATM penetration is 24 machines per 100,000 adults.
- ATM density varies significantly across Jamaican parishes.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of automated teller machines (ATMs) installed across Jamaica, providing insight into the country's financial access infrastructure.
Q: Why is this trend relevant for users or analysts?
A: The ATM network data is an important indicator of financial inclusion and the accessibility of banking services for Jamaican citizens and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Jamaica through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and financial regulators utilize this ATM network data to assess the state of financial access and identify potential needs for infrastructure investment.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may not capture all ATMs, especially in remote or underserved areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Jamaica (JAMFCACNUM), retrieved from FRED.