5-Bank Asset Concentration for Senegal
DDOI06SNA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.00
Year-over-Year Change
9.87%
Date Range
1/1/2000 - 1/1/2020
Summary
The 5-Bank Asset Concentration for Senegal measures the degree of concentration in the Senegalese banking sector, indicating the market share of the top 5 banks.
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
This indicator represents the total assets of the five largest banks as a percentage of the assets of all commercial banks in Senegal. It provides insight into the level of competition and consolidation within the country's banking industry.
Methodology
The data is collected and calculated by the World Bank from financial statements and regulatory reports.
Historical Context
Policymakers and analysts use this metric to assess the stability and competitiveness of the Senegalese financial system.
Key Facts
- Senegal's 5-bank asset concentration was 76.4% in 2020.
- High concentration can indicate lack of competition in the banking sector.
- Concentrated banking systems are more vulnerable to systemic risk.
FAQs
Q: What does this economic trend measure?
A: The 5-Bank Asset Concentration for Senegal measures the market share of the top 5 banks in the country's banking sector, providing insight into industry concentration and competition.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding the structure and stability of Senegal's financial system, which is important for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from financial statements and regulatory reports of commercial banks in Senegal.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this indicator to assess the level of competition and potential risks in the Senegalese banking sector, informing policies aimed at promoting financial stability and inclusion.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, 5-Bank Asset Concentration for Senegal (DDOI06SNA156NWDB), retrieved from FRED.