Percentage of Foreign Banks Among Total Banks for Benin
DDOI13BJA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.00
Year-over-Year Change
3.49%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures the percentage of foreign banks among the total number of banks in Benin. It provides insight into the level of foreign participation and competition in the Beninese 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 percentage of foreign banks among total banks in Benin is an indicator of the openness and internationalization of the country's financial system. It reflects the degree of foreign investment and presence in the domestic banking industry.
Methodology
The data is collected and calculated by the World Bank based on financial sector surveys and regulatory reporting.
Historical Context
This trend is relevant for understanding the structure and dynamics of Benin's banking market and evaluating the country's financial integration with the global economy.
Key Facts
- Benin's percentage of foreign banks was 31.3% as of 2017.
- The share of foreign banks has increased from 25.0% in 2005.
- Benin's banking sector is relatively open compared to other West African countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of foreign-owned banks among the total number of banks operating in Benin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of foreign participation and competition in Benin's banking sector, which is an important indicator of the country's financial openness and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on financial sector surveys and regulatory reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the structure and dynamics of Benin's banking market and assess the country's financial integration with the global economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in the most recent updates.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Benin (DDOI13BJA156NWDB), retrieved from FRED.