Boone Indicator in Banking Market for Gambia
DDOI05GMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-141.06%
Date Range
1/1/2000 - 1/1/2014
Summary
The Boone Indicator measures competition intensity in the banking market of Gambia. It is an important metric for policymakers and analysts to assess 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 an empirical measure of competition in the banking industry. It evaluates the relationship between banks' profits and their marginal costs, with a lower Boone Indicator signaling more intense competition.
Methodology
The data is calculated based on individual bank-level information and financial statements.
Historical Context
The Boone Indicator is used by central banks and financial regulators to monitor banking market dynamics and inform policy decisions.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating more intense competition.
- Gambia's Boone Indicator has averaged around -0.2 over the past decade.
- The Boone Indicator is used to assess the degree of market power in the banking industry.
FAQs
Q: What does the Boone Indicator measure?
A: The Boone Indicator measures the intensity of competition in the banking market. It evaluates the relationship between banks' profits and their marginal costs.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator is an important metric for policymakers and analysts to assess the efficiency and competitiveness of the financial sector, which can inform regulatory decisions.
Q: How is the Boone Indicator data collected or calculated?
A: The data is calculated based on individual bank-level information and financial statements.
Q: How is the Boone Indicator used in economic policy?
A: Central banks and financial regulators use the Boone Indicator to monitor banking market dynamics and inform policy decisions related to competition and financial stability.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The data may have some lag due to the time required to collect and process the underlying bank-level information.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Gambia (DDOI05GMA156NWDB), retrieved from FRED.