Bank's Return on Assets for Senegal
DDEI05SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.92
Year-over-Year Change
-35.02%
Date Range
1/1/2000 - 1/1/2020
Summary
The Bank's Return on Assets for Senegal measures the profitability of the country's banking sector by calculating the ratio of net income to total assets. This metric is closely watched by economists and policymakers to assess the financial health and efficiency of Senegal'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 for Senegal represents the overall profitability of the banking industry in the country. It is a key indicator of the sector's ability to generate returns on the capital and resources deployed. Analysts and regulators use this data to evaluate the performance and stability of Senegal's financial institutions.
Methodology
The data is collected and reported by the World Bank as part of its World Development Indicators database.
Historical Context
Policymakers in Senegal closely monitor the bank return on assets ratio to inform decisions around financial sector regulation and development strategies.
Key Facts
- Senegal's bank return on assets averaged 2.1% from 2010-2020.
- The peak bank return on assets in Senegal was 2.6% in 2011.
- Bank profitability is a key driver of financial sector development.
FAQs
Q: What does this economic trend measure?
A: The Bank's Return on Assets for Senegal 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: This metric is closely watched by economists and policymakers to assess the financial health and efficiency of Senegal's banking system, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its World Development Indicators database.
Q: How is this trend used in economic policy?
A: Policymakers in Senegal closely monitor the bank return on assets ratio to inform decisions around financial sector regulation and development strategies.
Q: Are there update delays or limitations?
A: The World Bank's World Development Indicators database is updated annually, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Bank's Return on Assets for Senegal (DDEI05SNA156NWDB), retrieved from FRED.