Bank Lending Deposit Spread for Senegal
DDEI02SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-65.38%
Date Range
1/1/2005 - 1/1/2015
Summary
The Bank Lending Deposit Spread for Senegal measures the difference between the average interest rate charged on loans and the average interest rate paid on deposits by commercial banks in Senegal. This trend provides insights into the profitability and efficiency of the Senegalese banking sector.
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 Bank Lending Deposit Spread is an important indicator of financial intermediation and banking sector performance. It represents the margin that banks earn by borrowing at the deposit rate and lending at the loan rate, which is a key source of bank profitability. Analyzing this spread can help policymakers and economists assess the competitiveness and health of the banking system.
Methodology
The data is collected by the World Bank from domestic financial institutions in Senegal.
Historical Context
The Bank Lending Deposit Spread is used by central banks, financial regulators, and international organizations to monitor the stability and development of the Senegalese financial sector.
Key Facts
- The average bank lending deposit spread in Senegal was 7.7% in 2020.
- Senegal's bank lending deposit spread has declined from over 12% in the early 2000s.
- A lower spread indicates more competitive and efficient banking markets.
FAQs
Q: What does this economic trend measure?
A: The Bank Lending Deposit Spread for Senegal measures the difference between the average interest rate charged on loans and the average interest rate paid on deposits by commercial banks in the country.
Q: Why is this trend relevant for users or analysts?
A: The bank lending deposit spread is an important indicator of financial intermediation and banking sector performance, providing insights into the profitability and competitiveness of the Senegalese banking system.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from domestic financial institutions in Senegal.
Q: How is this trend used in economic policy?
A: The Bank Lending Deposit Spread is used by central banks, financial regulators, and international organizations to monitor the stability and development of the Senegalese financial sector.
Q: Are there update delays or limitations?
A: The World Bank data may have update delays, and the spread can be influenced by various factors in the Senegalese banking market.
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DCSENA052SCEN
Percentage of Foreign Banks Among Total Banks for Senegal
DDOI13SNA156NWDB
Gross Portfolio Equity Assets to GDP for Senegal
DDDM09SNA156NWDB
Population ages 65 and above for Senegal
SPPOP65UPTOZSSEN
Infant Mortality Rate for Senegal
SPDYNIMRTINSEN
Outstanding International Public Debt Securities to GDP for Senegal
DDDM06SNA156NWDB
Citation
U.S. Federal Reserve, Bank Lending Deposit Spread for Senegal (DDEI02SNA156NWDB), retrieved from FRED.