Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Philippines
PHLFCBODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,206.00
Year-over-Year Change
64.09%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Philippines' trend measures the geographic reach of non-headquarters banking locations in the Philippines. This metric is important for understanding the accessibility and penetration of financial 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
This trend represents the total number of branch locations, excluding headquarters, operated by other depository corporations in the Philippines. It provides insight into the geographic expansion and coverage of the domestic banking system beyond just the central offices.
Methodology
The data is collected by the Central Bank of the Philippines through surveys of financial institutions.
Historical Context
Policymakers and analysts use this metric to assess the evolving distribution of financial services and identify areas that may be underserved.
Key Facts
- The number of bank branches in the Philippines has grown steadily over the past decade.
- Rural areas of the Philippines have historically had lower banking penetration compared to urban centers.
- Expanding branch networks is a key strategy for increasing financial inclusion in the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of branch locations, excluding headquarters, operated by other depository corporations in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the geographic expansion and coverage of the domestic banking system, which is important for assessing financial inclusion and access to services across the Philippines.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of the Philippines through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the evolving distribution of financial services and identify areas that may be underserved, informing strategies to promote greater financial inclusion.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the Central Bank of the Philippines, which may result in occasional update delays or changes in coverage over time.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Philippines (PHLFCBODNUM), retrieved from FRED.