Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Philippines
PHLFCACNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,267.00
Year-over-Year Change
90.32%
Date Range
1/1/2004 - 1/1/2024
Summary
The 'Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Philippines' trend measures the total number of ATMs installed across the Philippines. This metric is important for evaluating financial inclusion and the accessibility of banking services for the Philippine population.
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 indicator tracks the total number of ATMs deployed throughout the Philippines. It provides insight into the physical infrastructure and geographic distribution of financial access points, which is a key component of financial inclusion and the development of the banking sector.
Methodology
The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines, through surveys of financial institutions.
Historical Context
Policymakers and economists use this trend to assess the reach and coverage of the financial system and identify areas that may need improved access to banking services.
Key Facts
- The Philippines had over 23,000 ATMs as of the latest data.
- ATM density in the Philippines is around 22 ATMs per 100,000 adults.
- ATM growth has averaged 6% annually over the past decade in the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of automated teller machines (ATMs) installed across the Philippines, providing insight into the physical infrastructure and geographic distribution of financial access points.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and the accessibility of banking services for the Philippine population, which is a key component of financial sector development.
Q: How is this data collected or calculated?
A: The data is collected by the Bangko Sentral ng Pilipinas, 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 assess the reach and coverage of the financial system and identify areas that may need improved access to banking services.
Q: Are there update delays or limitations?
A: The data is published with a lag, but provides a comprehensive view of ATM infrastructure across the Philippines.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Philippines (PHLFCACNUM), retrieved from FRED.