Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Philippines
PHLFCSODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,008,239,660,000.00
Year-over-Year Change
316.57%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding loans at other depository corporations in the Philippines, providing insights into the level of financial services usage and access to credit 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 Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Philippines trend tracks the total value of outstanding loans held by other depository institutions in the Philippines. This metric is used by economists and policymakers to analyze the level of financial intermediation and access to credit within the Philippine economy.
Methodology
The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is relevant for understanding the state of financial inclusion and the availability of credit to businesses and households in the Philippines.
Key Facts
- The Philippines had over $200 billion in outstanding loans at other depository corporations as of the latest data.
- Outstanding loans have grown by an average of 10% annually over the past 5 years.
- Access to credit is a key driver of economic growth and investment in the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by other depository institutions in the Philippines, providing insights into the level of financial services usage and access to credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the state of financial inclusion and the availability of credit to businesses and households in the Philippines, which are key drivers of economic growth and development.
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: This trend is used by economists and policymakers to analyze the level of financial intermediation and access to credit within the Philippine economy, which informs policies aimed at promoting financial inclusion and economic development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Bangko Sentral ng Pilipinas, but there may be occasional delays or revisions due to the nature of data collection and reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Philippines (PHLFCSODXDC), retrieved from FRED.