Number of Bank Branches for Philippines
DDAI02PHA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.17
Year-over-Year Change
21.17%
Date Range
1/1/2004 - 1/1/2020
Summary
The Number of Bank Branches for Philippines tracks the total number of commercial bank branches operating within the country. This metric is important for assessing financial inclusion and the accessibility of banking services for Philippine consumers and businesses.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Number of Bank Branches for Philippines measures the total number of physical commercial bank branches located within the Philippines. This statistic is used by economists and policymakers to evaluate the reach and penetration of the Philippine banking system, and to identify areas that may be underserved by financial institutions.
Methodology
The data is collected directly from the central bank and financial regulators in the Philippines.
Historical Context
Trends in bank branch numbers provide insight into the development of the Philippine financial sector and can inform policies aimed at promoting financial inclusion.
Key Facts
- The Philippines had over 10,000 bank branches as of the latest data.
- Bank branch density in the Philippines is among the lowest in Southeast Asia.
- The number of bank branches has grown steadily in recent decades as financial inclusion has expanded.
FAQs
Q: What does this economic trend measure?
A: The Number of Bank Branches for Philippines tracks the total number of physical commercial bank branches located within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the accessibility of banking services for Philippine consumers and businesses.
Q: How is this data collected or calculated?
A: The data is collected directly from the central bank and financial regulators in the Philippines.
Q: How is this trend used in economic policy?
A: Trends in bank branch numbers provide insight into the development of the Philippine financial sector and can inform policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may not capture all small or informal banking locations.
Related Trends
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Philippines
PHLFCLODCXDC
Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Philippines
PHLFCAODDNUM
Value of Exports to Philippines from Oregon
ORPHLA052SCEN
Value of Exports to Philippines from Hawaii
HIPHLA052SCEN
Liquid Liabilities (Broad Money) for Philippines
DDOI07PHA648NWDB
Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Philippines
DDAI04PHA156NWDB
Citation
U.S. Federal Reserve, Number of Bank Branches for Philippines (DDAI02PHA643NWDB), retrieved from FRED.