Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Philippines
PHLFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
840,254,754,730.09
Year-over-Year Change
151.63%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at other deposit takers in the Philippines, providing insights into the country's financial services and lending activity.
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 Other Deposit Takers for Philippines metric tracks the total value of outstanding loans held by non-bank deposit-taking institutions in the Philippine financial system. This data point is a key indicator of financial intermediation and access to credit in the economy.
Methodology
The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
Policymakers and analysts use this metric to assess the depth and breadth of financial inclusion and the overall health of the Philippine financial sector.
Key Facts
- The data is reported on a monthly basis.
- Outstanding loans at other deposit takers reached a high of 1.78 trillion Philippine pesos in January 2022.
- This metric has shown steady growth over the past decade, reflecting the expansion of the Philippine financial sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans held by non-bank deposit-taking institutions in the Philippine financial system, providing insights into financial intermediation and access to credit.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the depth and breadth of financial inclusion in the Philippine economy, and is closely monitored by policymakers and analysts to assess the health of the financial sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the effectiveness of financial inclusion initiatives and to inform decisions related to monetary and financial stability policies in the Philippines.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical lag of 1-2 months between the reference period and the release of the information.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Philippines (PHLFCSODDXDC), retrieved from FRED.