Lerner Index in Banking Market for Senegal
DDOI04SNA066NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
-29.08%
Date Range
1/1/1996 - 1/1/2014
Summary
The Lerner Index in Banking Market for Senegal measures the degree of market power exercised by banks in the Senegalese banking sector. It is a key indicator of competition and efficiency in the 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
The Lerner Index is an economic measure that quantifies a firm's market power by calculating the difference between the price it charges and its marginal cost. For the banking sector, it provides insights into the level of competition and pricing power of Senegalese banks.
Methodology
The data is calculated by the World Bank based on financial statements and balance sheet information from banks operating in Senegal.
Historical Context
The Lerner Index is used by policymakers and economists to assess the competitiveness of the Senegalese banking market and identify areas for potential reforms.
Key Facts
- The Lerner Index ranges from 0 to 1, with higher values indicating greater market power.
- A Lerner Index close to 1 suggests a monopolistic banking market, while a value near 0 indicates perfect competition.
- Senegal's Lerner Index has fluctuated between 0.2 and 0.4 over the past decade.
FAQs
Q: What does the Lerner Index in Banking Market for Senegal measure?
A: The Lerner Index measures the degree of market power exercised by banks in the Senegalese banking sector, providing insights into the level of competition and pricing power.
Q: Why is the Lerner Index relevant for users or analysts?
A: The Lerner Index is a key indicator of competition and efficiency in the financial system, which is important for policymakers and economists analyzing the state of the Senegalese banking market.
Q: How is the Lerner Index data collected or calculated?
A: The data is calculated by the World Bank based on financial statements and balance sheet information from banks operating in Senegal.
Q: How is the Lerner Index used in economic policy?
A: Policymakers and economists use the Lerner Index to assess the competitiveness of the Senegalese banking market and identify areas for potential reforms to promote a more efficient and competitive financial system.
Q: Are there any update delays or limitations with the Lerner Index data?
A: The Lerner Index data may be subject to delays in reporting or updates, and it relies on the availability and accuracy of financial information from banks operating in Senegal.
Related Trends
Value of Exports to Senegal from New Hampshire
NHSENA052SCEN
Use of Financial Services: Number of Depositors at Commercial Banks for Senegal
SENFCDODCPENUM
Value of Exports to Senegal from District of Columbia
DCSENA052SCEN
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Senegal
SENFCLODCGGDPPT
Value of Exports to Senegal from Rhode Island
RISENA052SCEN
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Senegal
SENFCDODCSPNUM
Citation
U.S. Federal Reserve, Lerner Index in Banking Market for Senegal (DDOI04SNA066NWDB), retrieved from FRED.