The number of ATMs per hundred thousand persons in Latin America & the Caribbean has shown a steady increase from 2013 to 2023. In 2023, the number stood at 44.96 units per hundred thousand persons. The year-on-year variation for 2023 was 1.13%, while the CAGR over the last five years (2018-2023) was approximately 1.68%. Looking at the trend from 2013, there was considerable fluctuation in growth rates, with notable drops in 2016 and minimal growth in 2020.
Forecasted data suggests a gradual increase in ATM density, reaching 46.86 units per hundred thousand persons by 2028. The forecasted CAGR for the next five years is 0.63%, indicating a modest growth rate of 3.18% over this period.
Future trends to watch for include potential advancements in digital banking, which could impact the demand for physical ATMs. The proliferation of mobile and internet banking services might slow the need for further ATM installations.
