Top 10 ATM-rich countries, according to the 9th IMF Financial Access Survey (FAS)

calendar iconSep 16, 2019

On September 28th, 2018, the International Monetary Fund released the results of its 9th Financial Access Survey (FAS).

According to the IMF's FAS dataset, 10 countries with the highest number of ATMs per 100,000 people in 2018 include:

  1. China, PR. Macao - 324.6
  2. Canada - 220.6
  3. San Marino - 191.64
  4. Austria - 168.89
  5. Portugal - 165.69
  6. Russian Federation - 160.92
  7. Croatia - 147.65
  8. Australia - 146.03
  9. Israel - 128.07
  10. Japan - 127.59

Excerpt from the IMF press release

The FAS collects annual data on indicators tracking access to and use of financial products, such as deposit accounts, loans, and insurance policies. The FAS is collected through national central banks or financial regulators. Currently, the dataset covers 189 countries spanning more than 10 years and contains 180 time-series on financial access and use (e.g., the number of ATMs, commercial bank branches, and mobile money accounts). This unique supply-side database allows policymakers to formulate and monitor financial inclusion targets and benchmark against peers.

FAS: Geographical Outreach, Number of ATMs per 100,000 adults (IMF, 2018)

The 2018 FAS expands to include data on non-branch retail agent outlets

This year’s FAS pioneers a new dataset on non-branch retail agent outlets - a form of branchless banking which entails offering basic financial services through retail stores, post offices or small businesses. Retail agent outlets allow banks to penetrate areas and reach “last-mile” customers not reached by traditional “brick-and-mortar” bank branch networks. The data suggests that retail agent outlets are widespread in South Asia and Latin America, with countries like Mexico, Colombia and Maldives showing fast growth.

Read more here

Last Updated: Oct 30, 2019