5-Bank Asset Concentration for Norway
DDOI06NOA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.58
Year-over-Year Change
-2.97%
Date Range
1/1/2000 - 1/1/2021
Summary
The 5-Bank Asset Concentration for Norway measures the percentage of total banking assets held by the five largest commercial banks in the country. This metric is a key indicator of the level of concentration and competitiveness in the Norwegian banking 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 5-Bank Asset Concentration ratio provides insight into the degree of consolidation and market power within Norway's banking industry. Economists and policymakers monitor this indicator to assess the competitive dynamics and potential systemic risks in the financial system.
Methodology
The data is collected and calculated by the World Bank based on information reported by Norwegian financial authorities.
Historical Context
Regulators use this metric to evaluate the need for competition policies or financial stability measures in the banking sector.
Key Facts
- The 5-Bank Asset Concentration in Norway was 53.7% in 2020.
- Norway's banking sector is considered moderately concentrated compared to other advanced economies.
- High concentration can increase financial stability risks and limit consumer choice.
FAQs
Q: What does this economic trend measure?
A: The 5-Bank Asset Concentration for Norway measures the percentage of total banking assets held by the five largest commercial banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the competitiveness and potential systemic risks in Norway's banking sector, which is of interest to economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information reported by Norwegian financial authorities.
Q: How is this trend used in economic policy?
A: Regulators use the 5-Bank Asset Concentration ratio to evaluate the need for competition policies or financial stability measures in the Norwegian banking sector.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, 5-Bank Asset Concentration for Norway (DDOI06NOA156NWDB), retrieved from FRED.