Percentage of Foreign Banks Among Total Banks for Cote d'Ivoire
DDOI13CIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.00
Year-over-Year Change
-5.33%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures the percentage of foreign banks among total banks in Cote d'Ivoire. It provides insights into the level of foreign participation and competition in the country's 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 is an indicator of the degree of foreign involvement and integration in a national banking system. This metric is used by economists and policymakers to analyze the competitive landscape, potential for innovation, and overall resilience of the financial sector.
Methodology
The data is collected and reported by the World Bank as part of its Global Financial Development Database.
Historical Context
This trend is relevant for understanding the openness and competitiveness of Cote d'Ivoire's banking industry.
Key Facts
- Cote d'Ivoire has a large and diverse banking sector.
- Foreign banks account for a significant share of the total banks.
- The percentage of foreign banks has fluctuated in recent decades.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of foreign-owned banks out of the total number of banks operating in Cote d'Ivoire.
Q: Why is this trend relevant for users or analysts?
A: The percentage of foreign banks is an important indicator of the openness and competitiveness of a country's banking sector, which has implications for financial stability, innovation, and access to capital.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank as part of its Global Financial Development Database.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the level of foreign participation and competition in Cote d'Ivoire's banking industry, which can inform decisions on financial sector regulation and policies to promote a healthy, stable, and inclusive financial system.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with some potential lags in reporting. The metric may not capture all nuances of foreign bank participation in the local market.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Cote d'Ivoire (DDOI13CIA156NWDB), retrieved from FRED.