Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Philippines
PHLFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,569,774,966,611.32
Year-over-Year Change
332.47%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at commercial banks in the Philippines, providing insights into the use of financial services and the strength of the country's banking sector.
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 Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Philippines trend represents the total value of loans made by commercial banks operating in the Philippines. This metric is a key indicator of the level of financial intermediation and economic activity within the country.
Methodology
The data is collected and reported by the Central Bank of the Philippines.
Historical Context
This trend is closely watched by policymakers, investors, and analysts to assess the health of the Philippine economy and the effectiveness of monetary and financial policies.
Key Facts
- The Philippines has over 600 commercial banks.
- Loan growth has averaged 10% annually over the past 5 years.
- Outstanding loans represent over 50% of the country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans made by commercial banks operating in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial intermediation and economic activity within the Philippines, which is crucial for assessing the health of the country's banking sector and overall economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts closely monitor this trend to evaluate the effectiveness of monetary and financial policies in the Philippines.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of the Philippines, with minimal delays. However, there may be some limitations in terms of the granularity or coverage of the data.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Philippines (PHLFCSODCXDC), retrieved from FRED.