Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Philippines
PHLFCDODDSPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,819,722.00
Year-over-Year Change
457.06%
Date Range
1/1/2008 - 1/1/2014
Summary
This economic trend measures the number of small and medium enterprises (SMEs) that are depositors at non-bank financial institutions in the Philippines. It provides insights into the financial inclusion and access to banking services for SMEs, which are crucial for economic growth and development.
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 'Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Philippines' tracks the total number of SME depositors at non-bank deposit-taking institutions in the Philippines. This metric is used to assess the level of financial inclusion and access to formal banking services for small businesses, which is an important indicator of economic development.
Methodology
The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is relevant for policymakers, financial regulators, and analysts to monitor the financial health and access to capital for SMEs, a key driver of the Philippine economy.
Key Facts
- SMEs account for over 99% of businesses in the Philippines.
- Access to formal banking services is crucial for SME growth and development.
- Financial inclusion is a key policy priority for the Philippine government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of small and medium enterprises (SMEs) that are depositors at non-bank financial institutions in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of financial inclusion and access to formal banking services for SMEs, which are a crucial driver of economic growth and development 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 relevant for policymakers, financial regulators, and analysts to monitor the financial health and access to capital for SMEs, which is a key policy priority for the Philippine government.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bangko Sentral ng Pilipinas, but there may be some delays in data reporting or availability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Philippines (PHLFCDODDSPENUM), retrieved from FRED.