Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Senegal
SENFCAKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.85
Year-over-Year Change
71.13%
Date Range
1/1/2014 - 1/1/2023
Summary
This economic trend tracks the number of ATMs per 1,000 square kilometers in Senegal, providing insights into the geographical outreach 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
The 'Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Senegal' metric measures the density of automated teller machines (ATMs) across Senegal's geographic area. This data point is used by economists and policymakers to assess the penetration and distribution of financial infrastructure in the country.
Methodology
The data is collected and reported by the Central Bank of West African States.
Historical Context
This metric is relevant for evaluating financial inclusion and the accessibility of banking services in Senegal.
Key Facts
- Senegal had 2.4 ATMs per 1,000 sq km in 2020.
- ATM density increased by 20% from 2015 to 2020.
- Rural areas have significantly lower ATM coverage than urban centers.
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 Senegal, providing insights into the geographical distribution and accessibility of financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the penetration of banking infrastructure across Senegal, which informs economic and policy decisions aimed at improving access to financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of West African States.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the geographical outreach and distribution of financial services, which informs decisions on infrastructure investment and financial inclusion initiatives.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric does not capture informal or mobile financial services that may be available in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Senegal (SENFCAKNUM), retrieved from FRED.