Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Philippines
PHLFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,813,805,818.14
Year-over-Year Change
10.15%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at credit unions and financial cooperatives in the Philippines. It provides insight into the financial services usage and asset levels in the Philippine economy.
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 Credit Unions and Financial Cooperatives for Philippines series tracks the total value of outstanding loans held by credit unions and financial cooperatives in the Philippines. This metric is used to gauge the level of financial intermediation and access to credit within the Philippine financial system.
Methodology
The data is collected by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is relevant for policymakers and financial analysts evaluating the development of the Philippine credit and cooperative finance sectors.
Key Facts
- Credit unions and cooperatives hold over 500 billion Philippine pesos in outstanding loans.
- Loan volumes have grown by over 10% annually in the past 5 years.
- The Philippines has over 18,000 registered credit unions and cooperatives.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by credit unions and financial cooperatives in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and access to credit within the Philippine financial system, which is useful for policymakers and financial analysts.
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.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and financial analysts evaluating the development of the Philippine credit and cooperative finance sectors.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bangko Sentral ng Pilipinas with minimal delay.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Philippines (PHLFCSODUXDC), retrieved from FRED.