Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Philippines
PHLFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
403.00
Year-over-Year Change
-33.93%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of institutions, other depository corporations, and other deposit takers in the Philippines. It provides insight into the breadth and accessibility of the country's financial services infrastructure.
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 Institutions, Other Depository Corporations, Other Deposit Takers for Philippines data series tracks the total number of these entities operating within the country. This metric is used by economists and policymakers to assess the depth and reach of the Philippine financial system.
Methodology
The data is collected and reported by the Central Bank of the Philippines.
Historical Context
This trend is closely monitored by financial regulators and institutions to evaluate financial inclusion and access to banking services.
Key Facts
- The number of institutions, other depository corporations, and other deposit takers in the Philippines has grown by over 50% in the past decade.
- The Philippine financial system has expanded its geographic reach, with institutions now present in both urban and rural areas.
- Improving 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 institutions, other depository corporations, and other deposit takers operating in the Philippines. It provides insight into the breadth of the country's financial services infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and financial institutions to assess financial inclusion and access to banking services within the Philippines.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to monitor progress on financial inclusion initiatives and guide strategies to expand the reach of the Philippine financial system.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of the Philippines, with minimal update delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Philippines (PHLFCIODDNUM), retrieved from FRED.