Total Number of ATMs & Branches in Fiji

Total ATMs Branches in FijiWe take a look at the total number of ATMs and bank branches in Fiji, and where they’re heading in the future.

 

 

The World Bank organisation collect some amazing data across many different industries and countries around the globe.

Some example may includes, trends in the number of people living in poverty, growth in the world’s largest cities, statistics regarding education in various countries, and of course, information on the number of ATMs and branches.

In this case specifically, were looking are the total number of branches and ATMs in Fiji, with the data supplied by The World Bank.

Total ATMs in Fiji

There were 15.85 ATMs per 100,000 people in 2005, which has been steadily increasing over the following 10 years.

From the graph below, you can visualise the growth of the machines yourself, with the total number nearly doubling over the data period.

Data in the table below is representative of the number of ATMs per 100,000 people.

 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
 18.44 15.85 18.93 25.30 26.60 28.41 28.90 29.95 33.49 36.35 43.97

 

Total ATMs in Fiji

Total Branches in Fiji

As with the ATMs, the total number of branches belonging to all the banks in Fiji has also increased from the 2004-2014 period, albeit not as drastically.

2004 started off with 9.18 branches per 100,000 people in the country, with a slight decline from 2007-2010.

From 2010-2014, the number of branches increased by nearly 25%. That’s not a number to turn your heard at!

 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
 9.18 10.01 11.11 11.28 11.19 11.05 10.95 11.27 11.39 12.28 13.46

 

Total Branches in Fiji

Conclusion

Reasons for both the totals increasing could relate to the larger number of tourists visiting the country each year. Nearly 700,000 tourists, with the vast majority coming from Australia, visited the Fijian island over the 2014 year.

That number is nearly as large as the total population of Fiji itself, which currently sits at around 900,000 residents.

As the nation develops and more technology is integrated into the society, the number of ATMs will likely decrease. Smartphones are granting easier access to cash without the need of consistently withdrawing physical notes from ATMs.