Bank Concentration for Bulgaria
DDOI01BGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.99
Year-over-Year Change
9.79%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank Concentration for Bulgaria metric measures the assets of the three largest commercial banks as a percentage of total commercial banking assets in the country. This metric provides insight into the competitiveness and market structure of Bulgaria's banking sector.
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
Bank concentration is an important indicator of competition and financial stability. High concentration can signal a lack of competition, which may lead to higher prices and less innovation for consumers. Policymakers monitor this trend to assess the overall health and competitiveness of the banking industry.
Methodology
The data is calculated by the World Bank using information reported by national banking authorities.
Historical Context
Bank concentration is a key input for policymakers and analysts when evaluating a country's financial system and economic growth prospects.
Key Facts
- Bank concentration in Bulgaria was 59.4% in 2020.
- Bulgaria's bank concentration has decreased from 79.7% in 2000.
- High bank concentration can reduce competition and innovation.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Bulgaria metric measures the assets of the three largest commercial banks as a percentage of total commercial banking assets in the country.
Q: Why is this trend relevant for users or analysts?
A: Bank concentration is an important indicator of competition and financial stability in the banking sector, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information reported by national banking authorities.
Q: How is this trend used in economic policy?
A: Policymakers monitor bank concentration to assess the overall health and competitiveness of the banking industry, which informs decisions about financial regulation and competition policy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year before the most recent information is available.
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Citation
U.S. Federal Reserve, Bank Concentration for Bulgaria (DDOI01BGA156NWDB), retrieved from FRED.