Bank Concentration for Jamaica
DDOI01JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.40
Year-over-Year Change
-6.18%
Date Range
1/1/2002 - 1/1/2021
Summary
The Bank Concentration for Jamaica measures the degree of concentration in the country's banking sector. This metric is important for economists and policymakers to assess financial stability and competition.
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 defined as the percentage of total banking sector assets that are held by the three largest commercial banks in Jamaica. It provides insight into the market power and competitive dynamics of the country's banking industry.
Methodology
The data is collected and calculated by the World Bank using information reported by national authorities.
Historical Context
Monitoring bank concentration helps policymakers identify risks to financial system resilience and evaluate the effectiveness of regulations.
Key Facts
- Jamaica's bank concentration was 76.1% in 2020.
- High bank concentration can reduce competition and innovation.
- Concentration metrics are used to assess antitrust policies.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Jamaica measures the degree of market share held by the three largest commercial banks in the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: Bank concentration data provides insight into the competitiveness and resilience of a country's financial system, which is important for policymakers and investors.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates the Bank Concentration metric using information reported by national authorities in Jamaica.
Q: How is this trend used in economic policy?
A: Monitoring bank concentration helps policymakers assess financial stability risks and evaluate the effectiveness of regulations aimed at promoting competition in the banking sector.
Q: Are there update delays or limitations?
A: The Bank Concentration data for Jamaica may be subject to reporting lags or gaps, as it relies on information provided by national authorities.
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Citation
U.S. Federal Reserve, Bank Concentration for Jamaica (DDOI01JMA156NWDB), retrieved from FRED.