Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Philippines
PHLFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.87
Year-over-Year Change
88.99%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks in the Philippines, providing insights into the use of financial services and the country's economic 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 outstanding loans from commercial banks in the Philippines measure the total value of loans extended by commercial banks to individuals, businesses, and other entities. This trend is a key indicator of financial intermediation and economic development in the country.
Methodology
The data is collected and reported by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the health of the Philippine financial system and the broader economy.
Key Facts
- The outstanding loans from commercial banks in the Philippines reached a record high in 2021.
- The growth in commercial bank lending has been a key driver of the Philippines' economic expansion in recent years.
- The Philippines has a relatively well-developed banking system compared to other developing economies in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans from commercial banks in the Philippines, providing insights into the use of financial services and the level of economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: The outstanding loans from commercial banks is a crucial indicator of financial intermediation and economic development in the Philippines, which is closely monitored by policymakers, economists, and investors.
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 policymakers, economists, and investors to assess the health of the Philippine financial system and the broader economy, and to inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on a regular basis by the Bangko Sentral ng Pilipinas, but there may be occasional delays or limitations in data availability.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Philippines (PHLFCSODCGGDPPT), retrieved from FRED.