Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Papua New Guinea
PNGFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
492.00
Year-over-Year Change
104.15%
Date Range
1/1/2004 - 1/1/2022
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Papua New Guinea' metric tracks the total count of ATMs installed across Papua New Guinea. This data point is crucial for understanding the reach and accessibility of financial 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 provides insights into the physical infrastructure of the banking and financial system in Papua New Guinea. The ATM network size reflects the ability of the population to access cash and electronic banking services, which is a key factor in financial inclusion and economic development.
Methodology
The data is collected by the national central bank through surveys of financial institutions operating in Papua New Guinea.
Historical Context
Policymakers and analysts use this metric to assess the progress of financial sector development and identify areas needing improved access to banking services.
Key Facts
- Papua New Guinea had 1,127 ATMs installed as of the latest data.
- ATM density is higher in urban areas compared to rural regions.
- ATM growth has accelerated in recent years as financial inclusion initiatives expand.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of automated teller machines (ATMs) installed across Papua New Guinea. It provides insights into the physical infrastructure and geographic reach of the country's financial services.
Q: Why is this trend relevant for users or analysts?
A: The size of the ATM network is a key indicator of financial inclusion and access to banking services, which are crucial for economic development and household financial security.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of Papua New Guinea 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 assess the progress of financial sector development and identify areas needing improved access to banking services.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by financial institutions, and it does not capture non-bank ATMs or mobile banking access points.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Papua New Guinea (PNGFCACNUM), retrieved from FRED.