Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Panama
PANFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,406.00
Year-over-Year Change
103.04%
Date Range
1/1/2007 - 1/1/2023
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Panama' trend measures the total number of ATMs across Panama. This data is crucial for understanding financial inclusion and access to banking services in 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
This economic indicator tracks the total count of ATMs installed throughout Panama. It serves as a proxy for the geographic reach and accessibility of the country's banking infrastructure, which is an important factor in financial development and economic growth.
Methodology
The data is collected by the Panamanian banking regulator and reported to international statistical agencies.
Historical Context
Policymakers and analysts use this ATM density metric to assess financial inclusion and the effectiveness of efforts to expand banking services nationwide.
Key Facts
- Panama has over 2,000 ATMs nationwide.
- ATM density in Panama is higher than the Latin American average.
- ATM access has increased by 50% in Panama over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) installed across Panama. It serves as an indicator of the geographic reach and accessibility of the country's banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: ATM density is an important metric for assessing financial inclusion and access to banking services, which are key drivers of economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected by the Panamanian banking regulator and reported to international statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this ATM density metric to evaluate the effectiveness of efforts to expand banking services and promote financial inclusion nationwide.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the end of the reference period.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Panama (PANFCACNUM), retrieved from FRED.