Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Philippines
PHLFCAKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.32
Year-over-Year Change
119.08%
Date Range
1/1/2004 - 1/1/2023
Summary
The 'Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Philippines' metric tracks the density of automated teller machines (ATMs) per 1,000 square kilometers in the Philippines. This measure provides insights into the accessibility and availability of banking infrastructure across the country.
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 trend represents the geographic reach and penetration of banking services in the Philippines, as indicated by the number of ATMs per unit of land area. It is an important indicator for evaluating financial inclusion and the expansion of banking networks, which are crucial for economic development.
Methodology
The data is collected and calculated by the Central Bank of the Philippines.
Historical Context
Policymakers and financial institutions use this metric to assess the progress of financial inclusion initiatives and identify areas that require expanded banking services.
Key Facts
- The Philippines has an area of over 300,000 square kilometers.
- ATM density in the Philippines has increased from 5.3 per 1,000 Km2 in 2010 to 8.9 per 1,000 Km2 in 2020.
- Expanding ATM networks is a key priority for improving financial access in rural and underserved areas of the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the density of automated teller machines (ATMs) per 1,000 square kilometers in the Philippines, providing insights into the geographic reach and accessibility of banking infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for evaluating financial inclusion and the expansion of banking networks, which are crucial for economic development in the Philippines.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions use this metric to assess the progress of financial inclusion initiatives and identify areas that require expanded banking services.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Central Bank of the Philippines, with minimal delays. However, the metric may not capture all informal or mobile banking services in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Philippines (PHLFCAKNUM), retrieved from FRED.