Geographical Outreach: Number of Automated Teller Machines (ATMs) in 3 Largest Cities for Philippines
PHLFCACLNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,419.00
Year-over-Year Change
163.41%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of automated teller machines (ATMs) in the three largest cities in the Philippines, providing insights into the country's financial infrastructure and access to banking services.
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 Geographical Outreach: Number of Automated Teller Machines (ATMs) in 3 Largest Cities for Philippines trend tracks the total count of ATMs located in the largest metropolitan areas of the Philippines. This data point is used by economists and policymakers to evaluate the accessibility and penetration of financial services across the country.
Methodology
The data is collected by the central bank of the Philippines through surveys of financial institutions.
Historical Context
This trend is relevant for understanding the development of the Philippines' financial sector and the ability of citizens to access banking services.
Key Facts
- The three largest cities in the Philippines are Manila, Davao, and Cebu.
- ATMs provide crucial access to banking services for individuals and businesses.
- The number of ATMs is a key indicator of financial inclusion and economic progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) located in the three largest cities in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the accessibility and penetration of financial services across the Philippines, which is crucial for understanding the country's economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected by the central bank of the Philippines through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the state of the Philippines' financial infrastructure and to inform decisions about improving access to banking services.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, but may be subject to revisions as the central bank collects more comprehensive information.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs) in 3 Largest Cities for Philippines (PHLFCACLNUM), retrieved from FRED.