Forecast: Number of ATMs (Automated Teller Machines) in Angola

From 2013 to 2023, the number of ATMs per hundred thousand persons in Angola exhibited varying trends. In 2013, there was a significant year-on-year increase of 11.85%, while the Compound Annual Growth Rate (CAGR) for the same year stood at 22.18%. Subsequently, the growth rates experienced a decline, with 2023 recording a minimal year-on-year decrease of -0.57% and a five-year CAGR of -1.46%. The data indicates a consistent and gradual reduction in the number of ATMs from 2017 onwards.

Looking forward, the forecast suggests a continued decline in the number of ATMs per hundred thousand persons with a forecasted five-year CAGR of -0.35% and a negative forecasted five-year growth rate of -1.71%. This trend highlights the potential for further decreases in ATM availability through 2028.

Future trends to watch for:

• Potential growth in digital banking and mobile payment platforms as reasons for reduced ATM usage.
• Impact of economic factors and government policies on financial infrastructure development.
• Technological advancements and their influence on ATM functionality and customer demand.