Bank Concentration for Cote d'Ivoire
DDOI01CIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.31
Year-over-Year Change
9.20%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank Concentration for Cote d'Ivoire metric measures the assets held by the largest three banks as a percentage of total commercial banking assets in the country. This provides insights into the degree of concentration and competitiveness within the Ivorian 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 financial sector development and competition. Higher concentration can signal a lack of competition, which may impact access to credit and financial services for businesses and consumers.
Methodology
This data is calculated by the World Bank using information reported by central banks and national statistical agencies.
Historical Context
Policymakers and analysts use this metric to assess the structure and competitiveness of the Ivorian banking industry.
Key Facts
- Bank concentration in Cote d'Ivoire was 82.7% in 2020.
- The banking sector is dominated by the three largest banks.
- High concentration can limit competition and access to finance.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Cote d'Ivoire metric measures the share of total banking assets held by the three largest commercial banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the competitiveness and structure of the Ivorian banking sector, which is important for understanding financial development and access to credit.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information reported by the central bank and national statistical agencies of Cote d'Ivoire.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the level of competition in the Ivorian banking industry and inform policies aimed at promoting financial sector development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some delay, and may not capture the most recent changes in the banking sector.
Related Trends
Number of Listed Companies for Cote d'Ivoire
DDOM01CIA644NWDB
Number of Identified Exporters to Cote d'Ivoire from South Carolina
SCCIVA475SCEN
Amount Outstanding Due within One Year of International Debt Securities for General Government Sector, Residence of Issuer in Cote d'Ivoire
IDS1YMAORIGGCI
Value of Exports to Cote d'Ivoire from District of Columbia
DCCIVA052SCEN
Value of Exports to Cote d'Ivoire from Hawaii
HICIVA052SCEN
Gross Domestic Product Per Capita for Cote d'Ivoire
PCAGDPCIA646NWDB
Citation
U.S. Federal Reserve, Bank Concentration for Cote d'Ivoire (DDOI01CIA156NWDB), retrieved from FRED.