Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Philippines
PHLFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
-16.22%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of credit union and financial cooperative branches per 100,000 adults in the Philippines, providing insights into the geographical outreach and accessibility of these financial services.
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, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Philippines series tracks the density of branch locations for these community-based financial institutions. This metric is used to assess financial inclusion and the penetration of cooperative banking services across the Philippine population.
Methodology
The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is relevant for understanding financial access and the development of the cooperative banking sector in the Philippines.
Key Facts
- The Philippines had 24.9 credit union and financial cooperative branches per 100,000 adults in 2021.
- Cooperative banking plays a significant role in financial inclusion in the Philippines.
- Branch density varies across different regions of the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 100,000 adults in the Philippines, providing insights into the geographical outreach and accessibility of these community-based financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the development of the cooperative banking sector in the Philippines.
Q: How is this data collected or calculated?
A: The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial institutions to assess the accessibility and penetration of cooperative banking services across the Philippine population.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the Bangko Sentral ng Pilipinas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Philippines (PHLFCBODUANUM), retrieved from FRED.