Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Other Financial Intermediaries for Philippines
PHLFCBMONUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
111.00
Year-over-Year Change
484.21%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Other Financial Intermediaries for Philippines' trend measures the geographic presence and accessibility of non-bank financial institutions in the Philippines.
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 data series tracks the number of branch locations, excluding headquarters, operated by other financial intermediaries such as finance companies, investment funds, and other non-bank lenders in the Philippines. It provides insight into the reach and distribution of these financial services across the country.
Methodology
The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This metric is useful for analyzing financial inclusion and the accessibility of alternative financing options for consumers and businesses in the Philippines.
Key Facts
- There were 8,305 branches of other financial intermediaries in the Philippines as of the latest data.
- Branch networks have expanded by over 60% in the past decade.
- The Philippines has a large unbanked population, making non-bank financial services critical.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, operated by non-bank financial institutions such as finance companies, investment funds, and other lenders in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the geographic reach and accessibility of alternative financial services across the Philippines, which is important for understanding financial inclusion and the availability of credit and investment options.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the distribution and penetration of non-bank financial services, which can inform policies and programs aimed at promoting greater financial inclusion and access to credit.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most up-to-date conditions. Additionally, the data only covers non-bank financial intermediaries and excludes bank branch networks.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Other Financial Intermediaries for Philippines (PHLFCBMONUM), retrieved from FRED.