Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Philippines
PHLFCBODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.00
Year-over-Year Change
-57.54%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of branches, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in the Philippines. It provides insights into the geographical reach and accessibility of microfinance services in 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Philippines trend offers a quantitative view of the physical footprint of MFIs across the Philippine archipelago. This data point is used by policymakers and financial analysts to evaluate financial inclusion and the expansion of microfinance services.
Methodology
The data is collected through surveys and reports from deposit-taking MFIs operating in the Philippines.
Historical Context
This trend is relevant for assessing the accessibility and distribution of microfinance services, which are crucial for promoting financial inclusion and economic development.
Key Facts
- The number of MFI branches in the Philippines has grown steadily over the past decade.
- Microfinance services are crucial for providing financial access to underserved populations.
- Expanding the geographical reach of MFIs is a key policy goal in the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for deposit-taking microfinance institutions (MFIs) operating in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographical reach and accessibility of microfinance services, which are crucial for promoting financial inclusion and economic development in the Philippines.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from deposit-taking MFIs operating in the Philippines.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial analysts to evaluate the expansion of microfinance services and access to financial inclusion in the Philippines.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be limited by the comprehensiveness of survey responses from MFIs.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Philippines (PHLFCBODMFNUM), retrieved from FRED.