Bank Concentration for Singapore
DDOI01SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.81
Year-over-Year Change
-8.98%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank Concentration for Singapore measures the share of assets held by the three largest commercial banks in the country. It serves as an indicator of market competitiveness and financial sector concentration.
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 degree of market dominance by the top banks in Singapore's banking industry. It is a widely used statistic for assessing the competitive landscape and potential risks in the financial system.
Methodology
The data is collected and calculated by the World Bank based on reported financial statements from Singaporean banks.
Historical Context
Policymakers and analysts track this trend to evaluate the financial sector's structural characteristics and implications for monetary policy and financial stability.
Key Facts
- Singapore has one of the most concentrated banking sectors globally.
- The top 3 banks hold over 60% of total banking assets.
- Bank concentration has remained high over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Singapore 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 insight into the competitive dynamics and potential risks in Singapore's financial sector, which is important for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reported financial statements from banks operating in Singapore.
Q: How is this trend used in economic policy?
A: Policymakers and analysts track this trend to evaluate the financial sector's structure and implications for monetary policy, financial stability, and market competition.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent changes in the banking sector.
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Citation
U.S. Federal Reserve, Bank Concentration for Singapore (DDOI01SGA156NWDB), retrieved from FRED.