Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Solomon Islands
SLBFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.00
Year-over-Year Change
61.11%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the total number of automated teller machines (ATMs) across the Solomon Islands. It provides insight into the country's financial infrastructure and accessibility.
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 Solomon Islands series tracks the total count of ATMs installed throughout the Solomon Islands. This metric is used by economists and policymakers to assess the reach and penetration of banking services in the country.
Methodology
The data is collected and reported by the Central Bank of Solomon Islands.
Historical Context
This trend is relevant for evaluating financial inclusion and the development of the Solomon Islands' banking sector.
Key Facts
- The number of ATMs in Solomon Islands has grown from 31 in 2001 to 144 in 2020.
- ATM density is higher in urban areas compared to rural regions of the country.
- Increasing ATM availability is a key policy goal for improving financial access nationwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) installed across the Solomon Islands. It provides an indicator of the geographic reach and availability of banking services in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the development of the Solomon Islands' banking infrastructure. It informs economic policymakers and analysts about the accessibility of financial services for the population.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Solomon Islands.
Q: How is this trend used in economic policy?
A: Policymakers and institutions use this trend to evaluate progress in expanding financial services and banking access across the Solomon Islands, which is a key development goal.
Q: Are there update delays or limitations?
A: The data is published with some delay, typically 1-2 quarters after the end of the reporting period. There may also be limitations in capturing ATM locations in remote areas of the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Solomon Islands (SLBFCACNUM), retrieved from FRED.