Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Philippines
PHLFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-25.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the number of financial institutions, other financial corporations, and other financial intermediaries operating in the Philippines. It provides insights into the breadth and diversity of the country's financial ecosystem.
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 Financial Corporations, Other Financial Intermediaries for Philippines metric tracks the total count of various financial entities across the Philippines. This data is useful for assessing the financial infrastructure and market access within the country.
Methodology
The data is collected and aggregated by the Central Bank of the Philippines.
Historical Context
Policymakers and analysts use this metric to gauge the depth and growth of the Philippine financial sector.
Key Facts
- The number of institutions tracked in this metric has grown steadily over the past decade.
- Financial intermediaries make up the largest segment of entities included in this data.
- The geographical distribution of these financial institutions varies widely across the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions, other financial corporations, and other financial intermediaries operating across the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and diversity of the Philippine financial ecosystem, which is crucial for understanding market access and the potential for economic growth.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the Central Bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the development of the Philippine financial sector and inform policies aimed at promoting financial inclusion and stability.
Q: Are there update delays or limitations?
A: There may be occasional delays in data reporting, and the metric may not capture all financial entities operating in the informal or unregulated sectors.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for Philippines (PHLFCIOFMNUM), retrieved from FRED.