The number of ATMs in Estonia has shown a consistent downward trend over the past decade. As of 2023, there were 59.63 ATMs per hundred thousand persons, a decline from 79.57 ATMs per hundred thousand persons in 2013. The year-on-year variation was -2.17% for 2023, indicating a slower decline compared to the previous years. Over the last two years, the average decline has stabilized, whereas the past five years have seen an average CAGR of -2.57%.

Looking to the future, forecasts suggest the number of ATMs will continue to decline but at a slower rate, with an average forecasted 5-year CAGR of -0.87%. By 2028, the number is expected to drop to 56.07 ATMs per hundred thousand persons.

Future trends to watch for:

Greater adoption of digital payment solutions and mobile banking, reducing the need for traditional ATMs.
Improvement in financial technology services making cashless transactions more accessible and convenient.
Potential regulatory changes that could impact the deployment and maintenance of ATMs in Estonia.