sources

{
    "link": "https://unstats.un.org/sdgs/indicators/database/",
    "retrievedDate": "15-November-19",
    "additionalInfo": "Last updated: March 2019 \n\nGoal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment \nand decent work for all \nTarget 8.10: Strengthen the capacity of domestic financial institutions to encourage and expand access to \nbanking, insurance and financial services for all \nIndicator 8.10.1: (a) Number of commercial bank branches per 100,000 adults and (b) number of \nautomated teller machines (ATMs) per 100,000 adults \n \nInstitutional information \n\n \nOrganization(s): \nInternational Monetary Fund (STAFI - Financial Access Survey Team) \n \nConcepts and definitions \n\n \nDefinition: \nThe number of commercial bank branches per 100,000 adults \nThe number of automated teller machines (ATMs) per 100,000 adults \n \nRationale: \nAccess to and use of formal financial services is essential. Services such as savings, insurance, payments, \ncredit and remittances allow people to manage their lives, plan and pay expenses, grow their businesses \nand improve their overall welfare. As banks remain one of the key institutions for access to formal \nfinancial services, having an accessible bank branch is an important initial point of access to financial \nservices and therefore use of them. Bank branches are complemented by other important points of \naccess such as automated teller machines of all formal financial institutions, which can extend financial \nservices to remote locations.   \n \nConcepts: \n \nThe number of commercial bank branches per 100,000 adults refers to the number of commercial banks \nbranches at end-year reported by the Central Bank or the main financial regulator of the country.  \nTo make the indicator meaningful for cross-country comparison, the number of commercial banks \nbranches are scaled per 100,00 adults. \n \nThe number of automated teller machines (ATMs) per 100,000 adults, refers to the number of ATMs in \nthe country for all types of financial institutions such as: commercial banks, non-deposit taking \nmicrofinance institutions, deposit taking micro finance institutions, credit union and financial \ncooperatives, among other. This information is reported every year by the Central Bank or the main \nfinancial regulator of the country.  \nTo make the indicator meaningful for cross-country comparison, the number of ATMs are scaled per \n100,00 adults. \n \nComments and limitations: \nSince 2009, the Financial Access Survey (FAS) collects information from administrative sources on an \nannual basis. The Central Bank or the main financial regulator reports yearly information including the \n\n \n\n \n\n\fLast updated: March 2019 \n\ntwo indicators that are part of the SDGs. Since its launch, 189 economies have contributed to the FAS, \nwhich now contains more than 150 series on financial inclusion covering the period 2004-2017. \n \nMethodology \n\n \nComputation Method: \nThe indicators are calculated based on data collected directly from the Central Bank or the main financial \nregulator in the country. The formula to obtain these indicators are: \n \n\nThe number of commercial bank branches per 100,000 adultsit\n\nNumber of commercial bank branchesit \n \n\n=  \n\nAdult populationit\n\n100,000\n\nThe number of automated teller machines (ATMs) per 100,000 adultsit\n\nNumber of automated teller machines (ATMs)it \n \n\n=  \n\nAdult populationit\n\n100,000\n\n \n\n \n\n \nWhere \u201ci\u201d indicates the country and \u201ct\u201d indicates the year. The source of information for the number of \ncommercial bank branches and the number of ATMs is the FAS, while the source of information for the \nadult population is the World Development Indicators. \n \nDisaggregation: \nData are provided at country level, by year. Aggregates are compiled by region in accordance with UN \nsuggested regional aggregations. \n \nTreatment of missing values: \n \n\n\u2022  At country level \n\nMissing values are registered as empty. \u201cn/a\u201d are used when the country indicates that those \nservices or institutions do not exist in the country, or alternatively, do not fall under the supervisory \nscope of a regulatory agency.  \n \n\n\u2022  At regional and global levels \n\n\u201cn/a\u201d are used when the country indicates that those services or institutions do not exist in the \ncountry, or alternatively, do not fall under the supervisory scope of a regulatory agency. Trend \nextrapolation is used for countries that regularly report data but have not reported for 2017. \n\n \n \n \nRegional aggregates: \nCountry level: information provided by the authorities, recalculated as number of access points per \n100,000 adults. For regional values, the FAS aggregates information of all countries and uses country\u2019s \nadult population as weights. \n \nSources of discrepancies: \n\n \n\n \n\n \n\n\fLast updated: March 2019 \n\nThe FAS is an administrative source survey, with information from Central Banks or other main financial \nregulators. The data collection is centralized at the regulatory agency, which sources data from financial \ninstitutions and financial services providers for which data are available. The regulatory agency reports \naggregates for the total economy in the FAS survey. The FAS survey provides country-level metadata that \nexplain the institutional coverage of each reporting economy. Data from the FAS survey may differ from \nhousehold-based surveys because of possible difference in coverage, scope, or concept definitions. \n \nMethods and guidance available to countries for the compilation of the data at the national level: \n\n\u2022 \n\nInformation collected by the FAS relies on the \u201cFAS Definitions and Instructions\u201d, which is \npublished every year in English, Spanish and French. To foster the use of a common \nmethodology, the definitions of financial institutional units and instruments covered in the FAS \nare primarily based on the IMF\u2019s Monetary and Financial Statistics Manual and Compilation \nGuide (http://imf.org/). The FAS also publishes a Glossary for FAS indicators. \n \n\n\u2022  All these documents can be found in FAS website - documents. \n\n \nQuality assurance \n\n\u2022 \n\nFAS data are collected through the Integrated Collection System (ICS) which allows for a secure \nsubmission of country information. Data submitted by countries are received internally in a \nsystem that facilitates the validation process conducted by the FAS Team.  \n \n\n\u2022  Each submission is carefully reviewed, and when necessary, the FAS Team engages with the \n\ncountry authorities for clarifications or adjustments to the data provided. In case a country needs \nto add additional relevant information pertinent to the data reported, they can do so through \nthe metadata portal in ICS. \n\n \nData Sources \n\n \nDescription: \nThe indicators in the FAS database are collected on an annual basis since 2009, covering the period 2004-\n2017. Information is collected from Central Banks or other main financial regulators for 189 countries.  \n \nAll data and metadata are available free of charge to the public on the IMF\u2019s FAS website, along with \nother key documents. \n \nCollection process: \nEvery year, the FAS Team reaches out to FAS respondents to initiate the annual survey process. Data are \ncompiled by countries and sent to the IMF through the ICS which allows for a secure submission of \ncountry information. Data are processed and validated by the FAS Team.  \n \nEach submission is carefully reviewed, and when necessary, the FAS Team engages with the country \nauthorities for clarifications or adjustments to the data provided. In case a country needs to add \nadditional relevant information pertinent to the data reported, they can do so through the metadata \nportal in ICS. \n \n\n \n\n \n\n\fLast updated: March 2019 \n\nEvery year, submissions are disseminated on the FAS website (data.imf.org/fas) on a rolling basis as soon \nas they are reviewed and validated by the FAS Team. \n \nData Availability \n\n \nDescription: \nCovering 189 economies, the FAS provides a unique set of high-quality global supply side data. It contains \n152 times series and 47 indicators that are expressed as ratios to GDP, land area, or adult population to \nfacilitate cross-country comparisons.  \n \nTime series: \n2004-2017; on an annual basis. \n \nCalendar \n\n \nData collection: \nThe 2019 data collection round will be launched around end-March 2019; collection occurs on an annual \nbasis. \nData release: \nFAS data are publicly disseminated on a rolling basis as soon as submissions are reviewed and validated \nby the FAS Team, with complete dissemination at end-September each year. Submissions that have \npassed through the validation process are made available in the FAS website on the following Monday \nafter completion. \n \nData providers \n\nCentral Banks or other financial regulators. \n \nData compilers \n\nInternational Monetary Fund. \n \nReferences \n\nURL: \nhttp://data.imf.org/fas \nReferences: \nFAS website: \nhttp://data.imf.org/fas \n\n \n\n \n\n\f",
    "dataPublishedBy": "United Nations Statistics Division",
    "dataPublisherSource": null
}