Boone Indicator in Banking Market for Gabon
DDOI05GAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.09
Year-over-Year Change
48.10%
Date Range
1/1/1999 - 1/1/2014
Summary
The Boone Indicator in Banking Market for Gabon measures competition in the Gabonese banking industry. It is an important metric for assessing the efficiency and competitiveness of the 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 Boone Indicator is a measure of the degree of competition in a particular market. For the banking sector in Gabon, it provides insights into the level of competition among financial institutions and how this may impact consumer access to credit and other banking services.
Methodology
The data is calculated by the World Bank using a regression-based approach that analyzes the relationship between bank profits and market share.
Historical Context
Policymakers and regulators use the Boone Indicator to evaluate the competitive dynamics of the Gabonese banking market.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating more competition.
- Gabon's Boone Indicator has remained relatively stable in recent years.
- The Boone Indicator is used to assess the efficiency of a country's banking system.
FAQs
Q: What does the Boone Indicator in Banking Market for Gabon measure?
A: The Boone Indicator measures the degree of competition in the Gabonese banking industry. It provides insights into the competitiveness of the financial sector.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator is an important metric for evaluating the efficiency and accessibility of banking services in Gabon. It helps policymakers and regulators assess the competitive dynamics of the financial sector.
Q: How is the Boone Indicator data collected or calculated?
A: The data is calculated by the World Bank using a regression-based approach that analyzes the relationship between bank profits and market share.
Q: How is the Boone Indicator used in economic policy?
A: Policymakers and regulators use the Boone Indicator to evaluate the competitive landscape of the Gabonese banking market and inform policies that promote financial sector efficiency and access.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may be subject to periodic updates and revisions by the World Bank, and there may be lags in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Gabon (DDOI05GAA156NWDB), retrieved from FRED.