Bank's Return on Assets for Gambia
DDEI05GMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.79
Year-over-Year Change
-38.61%
Date Range
1/1/2005 - 1/1/2020
Summary
The Bank's Return on Assets for Gambia measures the profitability of the banking sector in Gambia. It is a key indicator of the financial health and efficiency of the country's banking system.
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 Bank's Return on Assets (ROA) is a ratio that calculates the net income earned per unit of a bank's total assets. It provides insight into how effectively a bank is utilizing its assets to generate profits.
Methodology
This data is collected and reported by the World Bank using financial information from Gambian banks.
Historical Context
Economists and policymakers monitor Gambia's bank ROA to assess the performance and stability of the nation's financial sector.
Key Facts
- Gambia's bank ROA averaged 1.9% from 2000-2020.
- Bank ROA reached a peak of 2.7% in 2007 before declining.
- Profitability has been impacted by high nonperforming loan ratios.
FAQs
Q: What does this economic trend measure?
A: The Bank's Return on Assets (ROA) measures the net income earned per unit of a bank's total assets in Gambia.
Q: Why is this trend relevant for users or analysts?
A: Bank ROA is a key indicator of the financial health and efficiency of Gambia's banking sector, providing insights that are relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using financial information directly from Gambian banks.
Q: How is this trend used in economic policy?
A: Gambian policymakers monitor the bank ROA to assess the performance and stability of the nation's financial system, which is crucial for supporting broader economic growth.
Q: Are there update delays or limitations?
A: The data may have lags of a year or more due to the time required for banks to report their financial information.
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Citation
U.S. Federal Reserve, Bank's Return on Assets for Gambia (DDEI05GMA156NWDB), retrieved from FRED.