Bank Concentration for Ireland
DDOI01IEA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.75
Year-over-Year Change
2.21%
Date Range
1/1/2000 - 1/1/2021
Summary
The Bank Concentration for Ireland metric measures the assets of the three largest commercial banks as a percentage of total commercial banking assets in the country. This indicator provides insight into the level of market concentration and competition within the Irish 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
Bank concentration is an important metric for assessing the competitiveness and stability of a national banking system. High levels of concentration can signal oligopolistic market structures, which may impact lending rates, product availability, and financial innovation.
Methodology
The data is calculated by the World Bank using information reported by national central banking authorities.
Historical Context
Policymakers monitor bank concentration trends to evaluate financial sector competition and risks.
Key Facts
- Ireland's bank concentration ratio exceeded 90% in 2020.
- The three largest banks held over 90% of total commercial banking assets.
- Bank concentration in Ireland is among the highest in the European Union.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Ireland metric measures the assets of the three largest commercial banks as a percentage of total commercial banking assets in the country.
Q: Why is this trend relevant for users or analysts?
A: High levels of bank concentration can signal reduced competition and impact lending rates, product availability, and financial innovation, making this an important metric for evaluating the health of the banking sector.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using information reported by national central banking authorities.
Q: How is this trend used in economic policy?
A: Policymakers monitor bank concentration trends to evaluate financial sector competition and assess potential risks to the stability of the banking system.
Q: Are there update delays or limitations?
A: The data is subject to reporting delays and may not reflect the most current conditions in the Irish banking sector.
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Ireland
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Citation
U.S. Federal Reserve, Bank Concentration for Ireland (DDOI01IEA156NWDB), retrieved from FRED.