Bank's Cost to Income Ratio for Cote d'Ivoire
DDEI07CIA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.86
Year-over-Year Change
-22.83%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank's Cost to Income Ratio for Cote d'Ivoire measures the operating costs of banks in the country as a percentage of their total income. This metric is closely watched by economists and policymakers to assess the efficiency and profitability of the 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 Bank's Cost to Income Ratio represents the operating expenses of banks in Cote d'Ivoire, including personnel costs, administrative expenses, and other overhead, divided by their total operating income. This ratio is a key indicator of a banking system's operational efficiency and can signal areas for improvement or regulatory attention.
Methodology
The data is collected and reported by the World Bank using standard accounting principles.
Historical Context
Policymakers use this ratio to monitor the competitiveness and soundness of the banking industry and inform financial sector development strategies.
Key Facts
- Cote d'Ivoire's bank cost-to-income ratio was 73.7% in 2020.
- The ratio has fluctuated between 70-80% over the past decade.
- High ratios can indicate excess costs or lack of competition in the banking sector.
FAQs
Q: What does this economic trend measure?
A: The Bank's Cost to Income Ratio for Cote d'Ivoire measures the operating costs of banks in the country as a percentage of their total income.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to assess the efficiency and profitability of the banking sector, which is crucial for financial stability and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using standard accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers use this ratio to monitor the competitiveness and soundness of the banking industry and inform financial sector development strategies.
Q: Are there update delays or limitations?
A: The data is reported annually with a slight delay, and may not capture all banking institutions in the country.
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Citation
U.S. Federal Reserve, Bank's Cost to Income Ratio for Cote d'Ivoire (DDEI07CIA156NWDB), retrieved from FRED.