Bank's Cost to Income Ratio for Senegal
DDEI07SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.43
Year-over-Year Change
5.81%
Date Range
1/1/2000 - 1/1/2020
Summary
The Bank's Cost to Income Ratio for Senegal measures the operating costs of banks in Senegal as a percentage of their total income. This metric is a key indicator of banking sector efficiency and profitability.
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 Cost to Income Ratio represents the operating expenses of banks in Senegal divided by their total income. It provides insight into the cost structure and overall profitability of the Senegalese banking industry.
Methodology
The data is collected by the World Bank from national banking regulators and financial institutions.
Historical Context
Policymakers and analysts use this ratio to assess the competitiveness and soundness of Senegal's banking sector.
Key Facts
- The ratio ranges from 0 to 1, with lower values indicating greater efficiency.
- Senegal's ratio has declined from 0.88 in 2010 to 0.78 in 2020, showing improving bank efficiency.
- Efficient banking sectors contribute to economic growth and development.
FAQs
Q: What does this economic trend measure?
A: The Bank's Cost to Income Ratio for Senegal measures the operating costs of banks as a percentage of their total income, providing insight into banking sector efficiency.
Q: Why is this trend relevant for users or analysts?
A: This ratio is a key indicator of the competitiveness and profitability of Senegal's banking industry, which is important for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national banking regulators and financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this ratio to assess the soundness and efficiency of Senegal's banking sector, which is crucial for financial stability and economic development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, and may be subject to revisions or data collection challenges in some countries.
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Citation
U.S. Federal Reserve, Bank's Cost to Income Ratio for Senegal (DDEI07SNA156NWDB), retrieved from FRED.