Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 100,000 Adults for Philippines
PHLFCMORANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.58
Year-over-Year Change
368.04%
Date Range
1/1/2010 - 1/1/2021
Summary
This trend measures the number of registered agent outlets per 100,000 adults in the Philippines, a key indicator of financial inclusion and mobile banking access.
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 registered agent outlets per 100,000 adults metric provides insight into the geographical outreach and accessibility of financial services, particularly mobile banking, in the Philippines. It is an important indicator for evaluating financial inclusion and assessing progress towards universal access to formal financial products.
Methodology
The data is collected and calculated by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This metric is closely monitored by policymakers, financial institutions, and development organizations to guide initiatives that expand financial access and promote inclusive economic growth.
Key Facts
- The Philippines has over 300,000 registered agent outlets nationwide.
- The number of registered agent outlets per 100,000 adults in the Philippines has steadily increased over the past decade.
- Expanding the geographical reach of financial services is a key priority for the Philippine government and central bank.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of registered agent outlets per 100,000 adults in the Philippines, which indicates the geographical outreach and accessibility of financial services, particularly mobile banking.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating financial inclusion and assessing progress towards universal access to formal financial products in the Philippines.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, financial institutions, and development organizations to guide initiatives that expand financial access and promote inclusive economic growth in the Philippines.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bangko Sentral ng Pilipinas, with minimal update delays.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Mobile Banking, Registered Agent Outlets Per 100,000 Adults for Philippines (PHLFCMORANUM), retrieved from FRED.