The number of ATMs in Spain has shown a fluctuating trend over the past decade. From a peak of 52.22 thousand units in 2013, the numbers saw declines and slight increases, stabilizing around 51.74 thousand units by 2023. The compound annual growth rate (CAGR) for the last five years, leading up to 2023, stood at approximately -0.62%, indicating a minor but consistent decline.
Looking at year-on-year variations, the ATM count decreased by 0.23% from 2022 to 2023. This decline is projected to continue, with a forecast that by 2028, the CAGR will be around -0.19%, leading to an estimated count of 51.11 thousand units.
Future trends to watch for include digital banking adoption, which can further reduce the demand for physical ATMs. Additionally, technological advancements such as contactless transactions and improvements in mobile banking may continue influencing the downward trend in ATM numbers.
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