Bank Concentration for Gambia
DDOI01GMA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.16
Year-over-Year Change
-29.84%
Date Range
1/1/2004 - 1/1/2020
Summary
The Bank Concentration for Gambia measures the degree of concentration in the country's banking sector. It is an important indicator for understanding market competition and financial stability.
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 Concentration metric calculates the percentage of a country's total banking assets held by the three largest commercial banks. This provides insight into the level of market dominance and potential systemic risks.
Methodology
The data is collected and calculated by the World Bank using information reported by national central banks and financial authorities.
Historical Context
Policymakers and financial analysts use this metric to assess the competitiveness and resilience of a nation's banking industry.
Key Facts
- The Bank Concentration for Gambia was 91.67% in 2020.
- High bank concentration can reduce competition and raise systemic risks.
- Gambia's banking sector is one of the most concentrated in sub-Saharan Africa.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Gambia measures the percentage of total banking assets held by the three largest commercial banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of market dominance and potential systemic risks within Gambia's banking sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information reported by Gambia's central bank and financial authorities.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to assess the competitiveness and resilience of Gambia's banking industry.
Q: Are there update delays or limitations?
A: The data may have lags due to reporting timelines, and only covers commercial banks, not the entire financial system.
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Citation
U.S. Federal Reserve, Bank Concentration for Gambia (DDOI01GMA156NWDB), retrieved from FRED.