Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Philippines
PHLFCBODCKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.14
Year-over-Year Change
48.20%
Date Range
1/1/2004 - 1/1/2023
Summary
This trend measures the number of commercial bank branches per 1,000 square kilometers in the Philippines, providing insight into the geographical accessibility of banking services 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
The key indicators of commercial bank branch density offer valuable data on the physical infrastructure and outreach of the Philippine banking system. This metric is closely monitored by policymakers, financial regulators, and development organizations to assess financial inclusion and the equitable distribution of banking services.
Methodology
The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This indicator is used to inform economic and financial development policies aimed at expanding access to banking and other financial services throughout the Philippines.
Key Facts
- The Philippines had 9.71 commercial bank branches per 1,000 sq km in 2021.
- Branch density is highest in Metro Manila and lowest in remote provinces.
- Expanding banking access is a key goal of the Philippine government's financial inclusion agenda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial bank branches per 1,000 square kilometers in the Philippines, providing insight into the geographical accessibility of banking services across the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is closely monitored by policymakers, financial regulators, and development organizations to assess financial inclusion and the equitable distribution of banking services throughout the Philippines.
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: This indicator is used to inform economic and financial development policies aimed at expanding access to banking and other financial services throughout the Philippines.
Q: Are there update delays or limitations?
A: The data is reported regularly by the Bangko Sentral ng Pilipinas, with potential delays in availability depending on the release schedule.
Related Trends
Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 100,000 Adults for Philippines
PHLFCMORANUM
Mutual Fund Assets to GDP for Philippines
DDDI07PHA156NWDB
National Accounts: Real Gross Domestic Product for Philippines
PHLNGDPRPCPPPT
Prices: Consumer Price Index for Philippines
PHLPCPIPCPPPT
Net Issues of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Philippines
IDSAMRINIPH
Value of Exports to Philippines from Vermont
VTPHLA052SCEN
Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Philippines (PHLFCBODCKNUM), retrieved from FRED.