Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Philippines
DDOI12PHA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.70
Year-over-Year Change
1.29%
Date Range
1/1/1983 - 1/1/2020
Summary
The 'Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Philippines' measures the ratio of foreign claims held by international banks to the Philippines' gross domestic product. This metric provides insight into the Philippines' financial integration and exposure to global banking activities.
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
This economic trend represents the foreign claims, or cross-border lending and investment, of banks reporting to the Bank for International Settlements (BIS) as a percentage of the Philippines' GDP. It offers a gauge of the Philippines' financial linkages and vulnerability to external banking shocks.
Methodology
The data is collected and calculated by the World Bank using information reported by BIS-member banks and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess the Philippines' financial openness and potential risks from global banking flows.
Key Facts
- The Philippines' foreign claims-to-GDP ratio was 31.9% in 2021.
- Foreign bank claims on the Philippines have grown by over 50% since 2010.
- The Philippines' financial integration exceeds that of other major Southeast Asian economies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total foreign claims, or cross-border lending and investments, of internationally active banks reporting to the Bank for International Settlements (BIS) as a percentage of the Philippines' gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the Philippines' financial integration and exposure to global banking activities, which is crucial for assessing potential risks and vulnerabilities in the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information reported by BIS-member banks and national accounts data for the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the Philippines' financial openness and its susceptibility to external banking shocks, which is important for informing macroeconomic and financial stability policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and it may not capture all foreign banking claims due to the voluntary nature of BIS reporting.
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Citation
U.S. Federal Reserve, Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Philippines (DDOI12PHA156NWDB), retrieved from FRED.