Bank Concentration for Senegal
DDOI01SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.45
Year-over-Year Change
6.09%
Date Range
1/1/2000 - 1/1/2020
Summary
The Bank Concentration for Senegal metric measures the degree of concentration in a country's banking sector. It is an important indicator for economists and policymakers to assess financial system 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
The Bank Concentration metric calculates the percentage of total banking assets held by the three largest commercial banks in Senegal. This provides insight into the level of competition and systemic risk in the nation's banking industry.
Methodology
The data is collected and reported annually by the World Bank using official national banking statistics.
Historical Context
Monitoring bank concentration is crucial for evaluating financial sector policies and identifying potential vulnerabilities.
Key Facts
- Bank concentration in Senegal was 74.7% in 2020.
- High bank concentration can reduce competition and raise systemic risks.
- Senegal's bank concentration has declined from over 90% in the 1990s.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Senegal metric measures the percentage 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: Bank concentration is an important indicator of financial system stability and competition, which are crucial for policymakers and analysts to monitor.
Q: How is this data collected or calculated?
A: The data is collected and reported annually by the World Bank using official national banking statistics.
Q: How is this trend used in economic policy?
A: Monitoring bank concentration is crucial for evaluating financial sector policies and identifying potential vulnerabilities in Senegal's banking system.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a 1-year delay in the most recent information.
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Citation
U.S. Federal Reserve, Bank Concentration for Senegal (DDOI01SNA156NWDB), retrieved from FRED.