Bank's Return on Equity for Senegal
DDEI06SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.24
Year-over-Year Change
-40.23%
Date Range
1/1/2000 - 1/1/2020
Summary
The 'Bank's Return on Equity for Senegal' trend measures the profitability of the banking sector in Senegal. It is a key indicator for evaluating 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
This economic indicator tracks the return on equity (ROE) for commercial banks operating in Senegal. ROE is a widely used metric that shows how effectively a bank is generating profits from the equity investments of its shareholders.
Methodology
The data is collected and calculated by the World Bank using financial statements and regulatory reporting from Senegalese banks.
Historical Context
Policymakers and financial analysts closely monitor this trend to assess the stability and efficiency of Senegal's banking system.
Key Facts
- Senegal's bank ROE averaged 18.4% from 2010-2020.
- Bank ROE is an important indicator of banking sector competitiveness.
- High bank ROE can signal healthy profits but also risks of excessive risk-taking.
FAQs
Q: What does this economic trend measure?
A: The 'Bank's Return on Equity for Senegal' measures the profitability of the commercial banking sector in Senegal by tracking the return on equity (ROE) ratio.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the financial health and competitiveness of Senegal's banking industry, which is crucial for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using financial statements and regulatory reporting from commercial banks operating in Senegal.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts monitor this trend to assess the efficiency and resilience of Senegal's banking system, which informs regulatory and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, typically 6-12 months after the end of the reference year.
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Citation
U.S. Federal Reserve, Bank's Return on Equity for Senegal (DDEI06SNA156NWDB), retrieved from FRED.