Firms with a Bank Loan or Line of Credit to Total Firms for Philippines
DDAI03PHA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.90
Year-over-Year Change
-9.94%
Date Range
1/1/2009 - 1/1/2015
Summary
This economic trend measures the proportion of firms in the Philippines that have access to bank loans or credit lines. It provides insight into the financial health and credit access of the private sector.
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 'Firms with a Bank Loan or Line of Credit to Total Firms' indicator tracks the percentage of businesses in the Philippines that utilize formal banking services. This metric is used by economists and policymakers to assess the depth of financial inclusion and the overall strength of the country's financial system.
Methodology
The data is collected through enterprise surveys conducted by the World Bank.
Historical Context
This indicator is relevant for evaluating the availability of business credit and the development of the Philippines' financial markets.
Key Facts
- The Philippines' firm credit access rate was 51.7% in 2019.
- Access to bank financing is lower for small and medium enterprises.
- Improving financial inclusion is a key policy goal in the Philippines.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of firms in the Philippines that have access to bank loans or credit lines, providing insight into the financial health and credit access of the private sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the depth of financial inclusion and the overall strength of the Philippines' financial system, which is crucial for private sector development.
Q: How is this data collected or calculated?
A: The data is collected through enterprise surveys conducted by the World Bank.
Q: How is this trend used in economic policy?
A: This indicator is relevant for evaluating the availability of business credit and the development of the Philippines' financial markets, which informs policy decisions aimed at improving financial inclusion.
Q: Are there update delays or limitations?
A: The data is collected periodically through enterprise surveys, so there may be delays in availability and potential limitations in geographic or sectoral coverage.
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Citation
U.S. Federal Reserve, Firms with a Bank Loan or Line of Credit to Total Firms for Philippines (DDAI03PHA156NWDB), retrieved from FRED.