Percentage of Foreign Banks Among Total Banks for Philippines
DDOI13PHA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-25.00%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures the percentage of foreign banks among total banks in the Philippines. It provides insight into the level of foreign participation in the Philippine banking 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 percentage of foreign banks among total banks in the Philippines reflects the degree of internationalization and foreign investment in the country's banking industry. This metric is used by economists and policymakers to analyze financial sector development and market openness.
Methodology
The data is collected and calculated by the World Bank based on official sources.
Historical Context
This trend is relevant for understanding the financial market conditions and regulatory environment in the Philippines.
Key Facts
- The Philippines has over 500 banks as of 2021.
- Foreign banks account for around 13% of total banks in the Philippines.
- The Philippines has gradually liberalized its banking sector since the 1990s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of foreign-owned banks among the total number of banks operating in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of foreign participation and investment in the Philippine banking sector, which is relevant for understanding financial market conditions and regulatory environment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official sources.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze financial sector development and market openness in the Philippines.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in terms of the completeness and accuracy of the underlying sources.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Philippines (DDOI13PHA156NWDB), retrieved from FRED.