Percentage of Foreign Bank Assets Among Total Bank Assets for Singapore
DDOI14SGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
-40.00%
Date Range
1/1/2006 - 1/1/2010
Summary
This economic trend measures the percentage of foreign bank assets among total bank assets in Singapore. It provides insights into the openness and internationalization of Singapore'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 Bank Assets Among Total Bank Assets for Singapore tracks the share of assets held by foreign-owned banks operating in the country. This metric is used to assess the degree of foreign participation and integration within Singapore's banking industry.
Methodology
The data is collected and reported by the World Bank's World Development Indicators (WDI) database.
Historical Context
This trend is closely monitored by policymakers, investors, and economists to gauge Singapore's financial sector openness and its attractiveness to international banking institutions.
Key Facts
- Singapore has one of the most internationalized banking sectors globally.
- Foreign banks account for over 70% of total banking assets in Singapore.
- The high share of foreign bank assets reflects Singapore's status as a major financial hub.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of total banking assets in Singapore that are held by foreign-owned banks operating in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the openness and integration of Singapore's banking sector, which is an important indicator of the country's financial sophistication and attractiveness to international capital.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's World Development Indicators (WDI) database.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the competitiveness and openness of Singapore's financial sector, which is a key driver of the country's economic growth and global financial hub status.
Q: Are there update delays or limitations?
A: The data is reported annually by the World Bank, so there may be a delay of up to a year before the latest figures are available.
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Citation
U.S. Federal Reserve, Percentage of Foreign Bank Assets Among Total Bank Assets for Singapore (DDOI14SGA156NWDB), retrieved from FRED.