Use of Financial Services: Number of Depositors at Other Depository Corporations for Philippines
PHLFCDODPENUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,272,728.00
Year-over-Year Change
59.44%
Date Range
1/1/2010 - 1/1/2017
Summary
This economic trend measures the number of depositors at other depository corporations in the Philippines, providing insight into the financial services utilization 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 number of depositors at other depository corporations is an important indicator of the level of financial inclusion and access to formal banking services within the Philippine economy.
Methodology
The data is collected through surveys and reports from the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is closely monitored by policymakers and analysts to assess the effectiveness of financial inclusion initiatives and policies.
Key Facts
- The number of depositors in the Philippines has grown by over 50% in the past decade.
- Other depository corporations include rural banks, cooperative banks, and microfinance institutions.
- Financial inclusion is a key policy priority for the Philippine government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of depositors at other depository corporations in the Philippines, providing insights into the level of financial inclusion and access to formal banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the reach and usage of financial services in the Philippines, which is a key indicator of economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports from the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers and analysts to assess the effectiveness of financial inclusion initiatives and policies in the Philippines.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Bangko Sentral ng Pilipinas, but there may be some time lags in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Depositors at Other Depository Corporations for Philippines (PHLFCDODPENUM), retrieved from FRED.