Boone Indicator in Banking Market for Barbados
DDOI05BBA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.28
Year-over-Year Change
10.22%
Date Range
1/1/1999 - 1/1/2014
Summary
The Boone Indicator measures competition in the banking market of Barbados. It is a key metric for evaluating the efficiency and competitiveness of the financial 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 Boone Indicator assesses the degree of competition in a banking market by analyzing the relationship between bank profits and market share. A lower Boone Indicator value signifies greater competition, providing insights into the overall health and efficiency of the Barbados banking system.
Methodology
The indicator is calculated based on bank-level data and market concentration measures.
Historical Context
Policymakers and financial analysts use the Boone Indicator to monitor banking sector competition and guide regulatory decisions.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating greater competition.
- Barbados has experienced fluctuations in its Boone Indicator over the past decade.
- The Boone Indicator is a complementary metric to traditional measures of market concentration.
FAQs
Q: What does the Boone Indicator measure?
A: The Boone Indicator assesses the degree of competition in the banking market of Barbados by analyzing the relationship between bank profits and market share.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator provides insights into the efficiency and competitiveness of the Barbados banking sector, which is important for policymakers and financial analysts.
Q: How is the Boone Indicator data collected or calculated?
A: The indicator is calculated based on bank-level data and market concentration measures.
Q: How is the Boone Indicator used in economic policy?
A: Policymakers and financial analysts use the Boone Indicator to monitor banking sector competition and guide regulatory decisions.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may be subject to periodic updates and potential limitations in data availability or coverage.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Barbados (DDOI05BBA156NWDB), retrieved from FRED.