Use of Financial Services: Key Indicators Registered Mobile Money Accounts Per 1000 Adults for Philippines
PHLFCMARANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,791.93
Year-over-Year Change
3493.46%
Date Range
1/1/2010 - 1/1/2023
Summary
The 'Use of Financial Services: Key Indicators Registered Mobile Money Accounts Per 1000 Adults for Philippines' trend measures the adoption and usage of mobile money services in the Philippines.
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
This metric tracks the number of registered mobile money accounts per 1,000 adults in the Philippines, providing insight into financial inclusion and the growth of digital financial services in the country.
Methodology
The data is collected by the World Bank through surveys and reported by the Central Bank of the Philippines.
Historical Context
This trend is closely monitored by policymakers, development organizations, and financial institutions to assess progress towards financial inclusion goals.
Key Facts
- The Philippines has one of the highest mobile money account penetration rates in Southeast Asia.
- Mobile money has helped expand financial access to unbanked and underserved populations in the Philippines.
- Digital financial services are a key component of the Philippine government's financial inclusion strategy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of registered mobile money accounts per 1,000 adults in the Philippines, providing insight into the adoption and usage of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding financial inclusion and the growth of the digital finance ecosystem in the Philippines, which is a key priority for policymakers and development organizations.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through surveys and reported by the Central Bank of the Philippines.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, regulators, and financial institutions to assess progress towards financial inclusion goals and the development of the digital finance sector in the Philippines.
Q: Are there update delays or limitations?
A: The data is updated annually, with some potential for delays in reporting from national authorities.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators Registered Mobile Money Accounts Per 1000 Adults for Philippines (PHLFCMARANUM), retrieved from FRED.