Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Philippines
PHLFCMORKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.39
Year-over-Year Change
496.38%
Date Range
1/1/2010 - 1/1/2021
Summary
This economic indicator measures the density of registered agent outlets for mobile banking services per 1,000 square kilometers in the Philippines. It provides insights into the geographical outreach 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, Registered Agent Outlets Per 1000 Km2 for Philippines metric tracks the distribution of financial access points across the Philippine geography. It is a key indicator of financial inclusion and the ability of the population to conveniently utilize mobile banking and other digital financial services.
Methodology
The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines, through surveys of financial service providers.
Historical Context
This metric is used by policymakers, regulators, and economists to assess progress in expanding financial access and digital financial inclusion in the Philippines.
Key Facts
- The Philippines had 6.27 registered agent outlets per 1,000 sq km in 2021.
- Mobile banking access points have expanded rapidly in the Philippines in recent years.
- Financial inclusion remains a key policy priority in the Philippines.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the density of registered agent outlets for mobile banking services per 1,000 square kilometers in the Philippines. It provides insights into the geographical outreach and accessibility of financial services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing progress in expanding financial inclusion and digital financial access across the Philippine population.
Q: How is this data collected or calculated?
A: The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines, through surveys of financial service providers.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, regulators, and economists to evaluate efforts to improve financial access and digital financial inclusion in the Philippines.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may not capture all registered agent outlets in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 1000 Km2 for Philippines (PHLFCMORKNUM), retrieved from FRED.