Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Philippines
PHLFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
8.43%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the geographic coverage of credit union and financial cooperative branches per 1,000 square kilometers in the Philippines. It provides insights into financial inclusion and accessibility 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: Key Indicators, Credit Union and Financial Cooperative Branches Per 1,000 Km2 for Philippines series tracks the density of credit union and cooperative financial institution branch networks across the Philippine archipelago. This metric is used to evaluate financial system penetration and the availability of formal financial services in rural and underserved areas.
Methodology
The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
Policymakers and regulators use this indicator to assess progress toward financial inclusion goals and identify regions that may require targeted interventions.
Key Facts
- The Philippines has over 20,000 credit union and cooperative branches nationwide.
- Branch density averages 3.2 per 1,000 sq km, indicating uneven geographic coverage.
- Rural regions have significantly lower branch density than urban areas.
FAQs
Q: What does this economic trend measure?
A: This trend measures the geographic density of credit union and financial cooperative branches per 1,000 square kilometers in the Philippines, providing insights into financial system penetration and accessibility.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and identifying underserved regions that may require targeted policy interventions to improve access to formal financial services.
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: Policymakers and regulators use this indicator to assess progress toward financial inclusion goals and inform strategies to expand the reach of the formal financial system, especially in rural areas.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bangko Sentral ng Pilipinas, but may be subject to reporting lags or incomplete coverage of smaller financial institutions.
Related Trends
Geographical Outreach: Number of Institutions, Other Depository Corporations for Philippines
PHLFCIODNUM
Use of Financial Services Deposit Accounts: Accounts at Credit Unions and Financial Cooperatives for Philippines
PHLFCAODUNUM
Value of Exports to Philippines from District of Columbia
DCPHLA052SCEN
Value of Exports to Philippines from Missouri
MOPHLA052SCEN
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Philippines
PHLFCACNUM
Number of Identified Exporters to Philippines from District of Columbia
DCPHLA475SCEN
Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Philippines (PHLFCBODUKNUM), retrieved from FRED.