Bank Concentration for Saint Lucia
DDOI01LCA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
0.00%
Date Range
1/1/2009 - 1/1/2018
Summary
The Bank Concentration trend measures the degree of concentration in the banking sector of Saint Lucia, providing insights into market competitiveness and financial stability.
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 metric represents the share of assets held by the three largest commercial banks in Saint Lucia. It is a key indicator of the level of competition and concentration in the country's banking industry.
Methodology
The data is collected by the World Bank from national sources and calculated as a percentage.
Historical Context
Policymakers use this trend to assess the health and competitiveness of the financial sector.
Key Facts
- Saint Lucia's bank concentration was 80.4% in 2020.
- High bank concentration can reduce competition and innovation.
- Monitoring bank concentration is crucial for financial stability.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration trend measures the share of assets held by the three largest commercial banks in Saint Lucia, providing insights into the level of competition in the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the competitiveness and resilience of Saint Lucia's financial system, which is crucial for supporting economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from national sources and calculated as a percentage of total banking assets.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess the health and competitiveness of the financial sector, which informs decisions related to banking regulations, competition policies, and financial sector development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delay in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Bank Concentration for Saint Lucia (DDOI01LCA156NWDB), retrieved from FRED.