Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Lao People's Democratic Republic
LAOFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,526.00
Year-over-Year Change
245.25%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic trend measures the total number of automated teller machines (ATMs) in Lao People's Democratic Republic. It provides insight into the country's financial infrastructure and accessibility of banking services for the population.
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 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Lao People's Democratic Republic' trend tracks the total count of ATMs operating nationwide. This metric is used by policymakers and analysts to evaluate the reach and penetration of banking services across Lao PDR.
Methodology
The data is collected by the central bank through surveys of financial institutions operating in the country.
Historical Context
This trend is relevant for understanding financial inclusion and the development of Lao PDR's banking sector.
Key Facts
- Lao PDR had over 1,700 ATMs as of the latest data.
- ATM density in Lao PDR is lower than many Southeast Asian peers.
- ATM expansion has been a focus for financial sector development.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of automated teller machines (ATMs) operating across Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: The ATM count provides insight into the reach and accessibility of banking services for the Lao population, which is important for understanding financial inclusion and sector development.
Q: How is this data collected or calculated?
A: The data is collected by Lao PDR's central bank through surveys of financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the geographical outreach of banking infrastructure and inform policies to promote financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a slight lag, and may not capture all informal or unregistered ATM locations.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Lao People's Democratic Republic (LAOFCACNUM), retrieved from FRED.