Geographical Outreach: Key Indicators, Mobile Banking, Active Agent Outlets Per 100,000 Adults for Philippines
PHLFCMOAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.71
Year-over-Year Change
277.57%
Date Range
1/1/2010 - 1/1/2021
Summary
This economic trend measures the number of active agent outlets for mobile banking per 100,000 adults in the Philippines. It provides insight into the reach and accessibility of financial services 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 'Geographical Outreach: Key Indicators, Mobile Banking, Active Agent Outlets Per 100,000 Adults for Philippines' metric tracks the density of mobile banking agent access points across the population. It is a key indicator of financial inclusion and the growth of digital financial services.
Methodology
The data is collected and calculated by the Central Bank of the Philippines.
Historical Context
This metric is used by policymakers and economists to assess progress in expanding access to banking and financial services.
Key Facts
- The number of active agent outlets per 100,000 adults in the Philippines was 342.5 as of the latest data.
- The Philippines has seen rapid growth in mobile banking access in recent years.
- Expanding financial inclusion is a key policy priority for the Philippine government.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of active agent outlets for mobile banking per 100,000 adults in the Philippines. It provides insight into the accessibility and reach of digital financial services.
Q: Why is this trend relevant for users or analysts?
A: This data is important for assessing progress in expanding financial inclusion and the growth of mobile banking in the Philippines.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate efforts to improve access to banking and financial services in the Philippines.
Q: Are there update delays or limitations?
A: There may be some time lags in data reporting, but the Central Bank of the Philippines provides the most up-to-date information available.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Mobile Banking, Active Agent Outlets Per 100,000 Adults for Philippines (PHLFCMOAANUM), retrieved from FRED.