H-Statistic in Banking Market for Jamaica
DDOI03JMA066NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
-39.37%
Date Range
1/1/2010 - 1/1/2014
Summary
The H-Statistic in Banking Market for Jamaica measures the degree of competitiveness in the Jamaican banking industry. It is an important indicator for economists and policymakers assessing the health and efficiency of the country's financial 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
The H-Statistic is a metric that ranges from 0 to 1, with higher values indicating more competitive banking markets. It is calculated based on the elasticity of bank revenues to changes in input prices, providing insight into the degree of market power held by financial institutions.
Methodology
The data is calculated by the World Bank using bank-level financial information.
Historical Context
The H-Statistic helps inform policy decisions related to banking regulation, competition, and financial stability.
Key Facts
- The H-Statistic ranges from 0 to 1, with 1 indicating perfect competition.
- Jamaica's H-Statistic has remained relatively stable over the past decade.
- The H-Statistic is used to assess the degree of monopolistic behavior in the banking sector.
FAQs
Q: What does this economic trend measure?
A: The H-Statistic in Banking Market for Jamaica measures the degree of competitiveness in the Jamaican banking industry.
Q: Why is this trend relevant for users or analysts?
A: The H-Statistic is an important indicator for economists and policymakers assessing the health and efficiency of Jamaica's financial sector.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using bank-level financial information.
Q: How is this trend used in economic policy?
A: The H-Statistic helps inform policy decisions related to banking regulation, competition, and financial stability in Jamaica.
Q: Are there update delays or limitations?
A: The H-Statistic data is published regularly by the World Bank with minimal update delays.
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Citation
U.S. Federal Reserve, H-Statistic in Banking Market for Jamaica (DDOI03JMA066NWDB), retrieved from FRED.