Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Philippines
PHLFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.00
Year-over-Year Change
3.20%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of branch locations, excluding headquarters, for credit unions and financial cooperatives in the Philippines. It provides insights into the geographical reach and accessibility of these important financial institutions.
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 Credit Unions and Financial Cooperatives for Philippines metric tracks the physical infrastructure and distribution of these community-based financial organizations across the country. This data point is useful for analyzing the growth, coverage, and accessibility of critical financial services.
Methodology
The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is relevant for policymakers, financial analysts, and researchers studying the development of the Philippine financial sector and access to credit for underserved populations.
Key Facts
- Credit unions and financial cooperatives have over 10,000 branch locations in the Philippines.
- Branch density is highest in urban areas, but rural outreach continues to expand.
- Growth in branch networks has helped increase financial inclusion in the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for credit unions and financial cooperatives operating in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographical reach and accessibility of important community-based financial institutions in the Philippines, which is relevant for understanding financial inclusion and the development of the Philippine financial sector.
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 trend is relevant for policymakers, financial analysts, and researchers studying the growth and coverage of critical financial services, especially in underserved areas of the Philippines.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Bangko Sentral ng Pilipinas, but there may be some delays in reporting or potential limitations in geographic coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Philippines (PHLFCBODUNUM), retrieved from FRED.