Bank's Return on Equity for Jamaica
DDEI06JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.24
Year-over-Year Change
-49.63%
Date Range
1/1/2003 - 1/1/2021
Summary
The 'Bank's Return on Equity for Jamaica' measures the profitability of Jamaica's banking sector, providing insights into the overall health and competitiveness of the country's financial 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
This indicator represents the after-tax net income of Jamaican banks expressed as a percentage of their average total equity. It is a key metric used by policymakers, investors, and analysts to assess the efficiency and risk profile of the banking industry.
Methodology
The data is collected and calculated by the World Bank from financial statements and regulatory reporting.
Historical Context
Bank profitability trends are closely monitored for their implications on lending, investment, and overall economic stability.
Key Facts
- Jamaica's bank return on equity averaged 18.4% from 2010-2020.
- The banking sector's profitability has fluctuated significantly over the past decade.
- High bank profitability can indicate an efficient financial system but also potentially excessive risk-taking.
FAQs
Q: What does this economic trend measure?
A: The 'Bank's Return on Equity for Jamaica' measures the profitability of Jamaica's banking sector by expressing the after-tax net income of banks as a percentage of their average total equity.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of the efficiency and risk profile of Jamaica's banking industry, providing insights that are valuable for policymakers, investors, and economists analyzing the country's financial system and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank from financial statements and regulatory reporting.
Q: How is this trend used in economic policy?
A: Bank profitability trends are closely monitored by policymakers and institutions for their implications on lending, investment, and overall economic stability in Jamaica.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodological changes of the World Bank, which may result in periodic update delays or revisions.
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Citation
U.S. Federal Reserve, Bank's Return on Equity for Jamaica (DDEI06JMA156NWDB), retrieved from FRED.