Bank's Return on Assets for Cote d'Ivoire
DDEI05CIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.53
Year-over-Year Change
6.69%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank's Return on Assets for Cote d'Ivoire is an economic indicator that measures the profitability of the banking sector in the country. It is a key metric used by economists and policymakers to assess the health and efficiency of the financial system.
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's Return on Assets (ROA) for Cote d'Ivoire represents the ratio of a bank's annual net income to its total assets. It provides insight into how effectively banks are utilizing their assets to generate profits. This trend is closely monitored to understand the overall performance and stability of the Ivorian banking industry.
Methodology
The data is collected and calculated by the World Bank using information reported by financial institutions in Cote d'Ivoire.
Historical Context
The Bank's ROA for Cote d'Ivoire is used by policymakers, central banks, and financial analysts to gauge the competitiveness and soundness of the country's banking sector.
Key Facts
- The Bank's ROA for Cote d'Ivoire was 2.3% in 2020.
- The banking sector in Cote d'Ivoire has seen steady growth in recent years.
- Improving the Bank's ROA is a key priority for Ivorian policymakers.
FAQs
Q: What does this economic trend measure?
A: The Bank's Return on Assets (ROA) for Cote d'Ivoire measures the profitability of the country's banking sector by calculating the ratio of a bank's annual net income to its total assets.
Q: Why is this trend relevant for users or analysts?
A: The Bank's ROA for Cote d'Ivoire is a crucial indicator of the health and efficiency of the country's financial system, providing insights that are valuable for policymakers, central banks, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information reported by financial institutions in Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: The Bank's ROA for Cote d'Ivoire is used by policymakers, central banks, and financial analysts to gauge the competitiveness and soundness of the country's banking sector, which informs economic policies and regulations.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and can be influenced by factors such as economic conditions, regulatory changes, and the financial performance of individual banks.
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Citation
U.S. Federal Reserve, Bank's Return on Assets for Cote d'Ivoire (DDEI05CIA156NWDB), retrieved from FRED.