Bank's Return on Assets for Nigeria
DDEI05NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.32
Year-over-Year Change
-105.68%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank's Return on Assets for Nigeria measures the profitability of Nigeria's banking sector. It is a key indicator of the financial health and efficiency of the country's banking 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) is a financial ratio that calculates the net income generated per unit of a bank's total assets. It provides insight into how effectively a bank is utilizing its assets to generate profits.
Methodology
The data is collected and calculated by the World Bank based on financial reports from Nigerian banks.
Historical Context
The ROA trend is closely monitored by policymakers, regulators, and investors to assess the performance and stability of Nigeria's banking industry.
Key Facts
- Nigeria's bank ROA averaged 2.4% from 2010 to 2020.
- The highest bank ROA during this period was 3.1% in 2013.
- Bank ROA declined to 1.6% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Bank's Return on Assets (ROA) for Nigeria measures the profitability of the country's banking sector by calculating the ratio of net income to total assets.
Q: Why is this trend relevant for users or analysts?
A: The bank ROA trend provides important insights into the financial health, efficiency, and stability of Nigeria's banking industry, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on financial reports from Nigerian banks.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and investors closely monitor the bank ROA trend to assess the performance and soundness of Nigeria's banking sector, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The bank ROA data for Nigeria is published annually by the World Bank, with a delay of approximately one year.
Related Trends
Number of Identified Exporters to Nigeria from Utah
UTNGAA475SCEN
Number of Identified Exporters to Nigeria from South Carolina
SCNGAA475SCEN
Gross Domestic Product for Nigeria
MKTGDPNGA646NWDB
Inflation, consumer prices for Nigeria
FPCPITOTLZGNGA
Value of Exports to Nigeria from New York
NYNGAA052SCEN
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Nigeria
NGAFCBODCANUM
Citation
U.S. Federal Reserve, Bank's Return on Assets for Nigeria (DDEI05NGA156NWDB), retrieved from FRED.