Bank's Return on Assets for Singapore
DDEI05SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
-14.86%
Date Range
1/1/2000 - 1/1/2021
Summary
The 'Bank's Return on Assets for Singapore' metric measures the profitability of Singapore's banking sector as a ratio of net income to total assets. This statistic is closely watched by economists and policymakers to gauge the financial health and competitiveness of the country's banking industry.
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) ratio provides insight into how efficiently Singapore's banks are utilizing their assets to generate profits. It's a key indicator of the banking sector's overall performance and can signal trends in lending activity, interest rate spreads, and operational efficiency.
Methodology
The data is collected and calculated by the World Bank using annual financial reporting from Singapore's commercial banks.
Historical Context
Policymakers monitor this metric to assess the stability and resilience of the financial system, which informs decisions around monetary policy and banking regulations.
Key Facts
- Singapore's bank ROA averaged 1.1% from 2000-2020.
- Bank ROA peaked at 1.5% in 2007 before declining during the global financial crisis.
- Singapore's bank ROA has remained stable around 1.1-1.2% since 2010.
FAQs
Q: What does this economic trend measure?
A: The 'Bank's Return on Assets for Singapore' metric measures the profitability of Singapore's banking sector as a ratio of net income to total assets.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insight into the financial health and competitiveness of Singapore's banking industry, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using annual financial reporting from Singapore's commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers monitor this metric to assess the stability and resilience of Singapore's financial system, which informs decisions around monetary policy and banking regulations.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Bank's Return on Assets for Singapore (DDEI05SGA156NWDB), retrieved from FRED.