Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Philippines
PHLFCAANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.43
Year-over-Year Change
69.28%
Date Range
1/1/2004 - 1/1/2023
Summary
This indicator tracks the number of ATMs per 100,000 adults in the Philippines, providing insights into the geographical reach and accessibility of financial services.
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 ATMs Per 100,000 Adults for Philippines' metric measures the density of automated teller machines (ATMs) across the Philippine population. It is a key indicator of financial inclusion and the penetration of banking infrastructure.
Methodology
The data is collected by the World Bank from national sources and calculated as the number of ATMs per 100,000 adults in the Philippines.
Historical Context
Policymakers and economists use this indicator to assess the progress of financial sector development and access to banking services.
Key Facts
- The Philippines had 27.1 ATMs per 100,000 adults in 2020.
- ATM density has increased by 38% in the Philippines since 2010.
- Access to ATMs is a key driver of financial inclusion in developing economies.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of automated teller machines (ATMs) per 100,000 adults in the Philippines, providing insights into the geographical reach and accessibility of financial services.
Q: Why is this trend relevant for users or analysts?
A: The ATM density metric is a key indicator of financial inclusion and the penetration of banking infrastructure, which is crucial for economic development and expanding access to financial services.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and calculated as the number of ATMs per 100,000 adults in the Philippines.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the progress of financial sector development and access to banking services, which are important for promoting financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of up to two years in the most recent observations.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Philippines (PHLFCAANUM), retrieved from FRED.