8.10.1 Number of ATMs (per 100,000 adults)
Target 8.10: Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all
Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Custodian Organization: International Monetary Fund (STAFI – Financial Access Survey Team)
Tier Classification: Tier I
To facilitate the implementation of the global indicator framework, all indicators are classified by the IAEG-SDGs (Inter-Agency and Expert Group on Sustainable Development Goals Indicators) into three tiers on the basis of their level of methodological development and the availability of data at the global level, as follows:
Tier I: Indicator is conceptually clear, has an internationally established methodology and standards are available, and data are regularly produced by countries for at least 50 per cent of countries and of the population in every region where the indicator is relevant.
Tier II: Indicator is conceptually clear, has an internationally established methodology and standards are available, but data are not regularly produced by countries.
Tier III: No internationally established methodology or standards are yet available for the indicator, but methodology/standards are being (or will be) developed or tested.
Definition: The number of commercial bank branches per 100,000 adults The number of automated teller machines (ATMs) per 100,000 adults.
Concepts: The number of commercial bank branches per 100,000 adults refers to the number of commercial banks branches at end-year reported by the Central Bank or the main financial regulator of the country. To make it comparable, this number is presented as a reference per 100,000 adults in the respective country.
The number of automated teller machines (ATMs) per 100,000 adults, refers to the number of ATMs in the country for all types of financial institutions such as: commercial banks, non-deposit taking microfinance institutions, deposit taking micro finance institutions, credit union and financial cooperatives, among other. This information is reported every year by the Central Bank or the main financial regulator of the country. To make it comparable, this number is presented as a reference per 100,000 adults in the respective country.
Rationale: Access to and use of formal financial services is essential. Services such as savings, insurance, payments, credit and remittances allow people to manage their lives, plan and pay expenses, grow their businesses and improve their overall welfare. As banks remain one of the key institutions for access to formal financial services, having an accessible bank branch is an important initial point of access to financial services and therefore use of them. Bank branches are complemented by other important points of access such as automated teller machines of all formal financial institutions, which can extend financial services to remote locations.
Limitations: Since 2009, the Financial Access Survey (FAS) collects information from administrative sources on an annual basis. The Central Bank or the main financial regulator reports yearly information including the two indicators that are part of the SDGs. Since its launch, 189 economies have contributed to the FAS, which now contains more than 150 series on financial inclusion covering the period 2004-2016.
Data Source: Data for this indicator was primarily collected from the United Nations Statistics Division’s Open SDG Data Hub. National level data from the UN Statistics Division is compiled by the respective custodian for the SDG indicator, unless otherwise noted. To learn more about the data used in this portal, visit the about page.
Data is accurate as of October 31, 2018.
8.10.1 Number of ATMs (per 100,000 adults) Sustainable Development Goals
8. Promote inclusive and sustainable economic growth, employment and decent work for all
Roughly half the world’s population still lives on the equivalent of about US$2 a day. And in too many places, having a job doesn’t guarantee the ability to escape from poverty. This slow and uneven progress requires us to rethink and retool our economic and social policies aimed at eradicating poverty.
A continued lack of decent work opportunities, insufficient investments and under-consumption lead to an erosion of the basic social contract underlying democratic societies: that all must share in progress. . The creation of quality jobs will remain a major challenge for almost all economies well beyond 2015.
Sustainable economic growth will require societies to create the conditions that allow people to have quality jobs that stimulate the economy while not harming the environment. Job opportunities and decent working conditions are also required for the whole working age population.
Related 8.10.1 Number of ATMs (per 100,000 adults)Targets
Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all