Bank's Cost to Income Ratio for Jamaica
DDEI07JMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.27
Year-over-Year Change
23.65%
Date Range
1/1/2002 - 1/1/2021
Summary
The Bank's Cost to Income Ratio for Jamaica measures the operating efficiency of the Jamaican banking sector. It is a key metric used by economists and policymakers to assess the financial health and competitiveness of the country's banking industry.
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 costs of Jamaican banks as a percentage of their total income. A lower ratio indicates greater efficiency and profitability within the banking system, which supports broader economic stability and growth.
Methodology
This data is collected and calculated by the World Bank as part of its Development Data Indicators program.
Historical Context
Policymakers and financial analysts monitor this ratio to evaluate the soundness and competitiveness of Jamaica's banking sector.
Key Facts
- The Bank's Cost to Income Ratio for Jamaica was 56.4% in 2020.
- A lower ratio indicates more efficient and profitable banking operations.
- Jamaican banks' cost-to-income ratio has gradually declined over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Bank's Cost to Income Ratio for Jamaica measures the operating efficiency of the country's banking sector by representing banks' costs as a percentage of their total income.
Q: Why is this trend relevant for users or analysts?
A: This ratio is a key indicator of the financial health and competitiveness of Jamaica's banking industry, which is crucial for supporting broader economic stability and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank as part of its Development Data Indicators program.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts monitor Jamaica's Bank's Cost to Income Ratio to evaluate the soundness and competitiveness of the country's banking sector.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not fully capture short-term fluctuations in banking sector efficiency.
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Citation
U.S. Federal Reserve, Bank's Cost to Income Ratio for Jamaica (DDEI07JMA156NWDB), retrieved from FRED.