Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Philippines
PHLFCLODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,137,962,140,000.00
Year-over-Year Change
429.98%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held at other depository corporations in the Philippines. It provides insights into the level of financial services usage and liquidity in the Philippine economy.
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 Outstanding Deposits at Other Depository Corporations for Philippines tracks the total value of deposits held by the public at banks and other deposit-taking institutions in the country. This metric serves as an indicator of financial intermediation and the public's engagement with the formal banking system.
Methodology
The data is collected through surveys and reporting from Philippine financial institutions.
Historical Context
Policymakers and analysts use this trend to assess the depth of financial inclusion and the overall stability of the Philippine banking sector.
Key Facts
- The Philippines has a population of over 109 million people.
- Outstanding deposits peaked at 17.6 trillion Philippine pesos in 2021.
- The Philippines has over 500 universal and commercial banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public at banks and other deposit-taking institutions in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial services usage and liquidity in the Philippine economy, which is important for assessing financial inclusion and banking sector stability.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from Philippine financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the depth of financial inclusion and the overall stability of the Philippine banking sector.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines of Philippine financial institutions, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Philippines (PHLFCLODXDC), retrieved from FRED.