Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Philippines
PHLFCBODCANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.76
Year-over-Year Change
14.51%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the number of commercial bank branches per 100,000 adults in the Philippines. It serves as a key measure of financial inclusion and access to banking services across the 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
The Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Philippines data series provides insights into the physical banking infrastructure and accessibility of financial services for Filipino adults. This metric is widely used by economists and policymakers to evaluate the reach and penetration of the formal banking system.
Methodology
The data is collected and calculated by the World Bank using information from national central banks and regulatory authorities.
Historical Context
This indicator informs discussions around financial development, financial inclusion, and the distribution of banking services within the Philippine economy.
Key Facts
- The Philippines had 11.47 commercial bank branches per 100,000 adults in 2020.
- Bank branch density increased by 23% in the Philippines from 2010 to 2020.
- The Philippines lags behind regional peers in Southeast Asia in bank branch access.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of commercial bank branches per 100,000 adults in the Philippines, providing insights into the physical infrastructure and accessibility of the formal banking system.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for evaluating financial inclusion and the distribution of banking services across the Philippine population, informing discussions around economic development and financial sector policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national central banks and regulatory authorities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the reach and penetration of the formal banking system, informing decisions around financial sector development and financial inclusion initiatives.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a lag of approximately one year. There may be limitations in capturing informal or non-traditional banking services.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Philippines (PHLFCBODCANUM), retrieved from FRED.