Boone Indicator in Banking Market for Lao People's Democratic Republic
DDOI05LAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.09
Year-over-Year Change
7505.24%
Date Range
1/1/2006 - 1/1/2014
Summary
The Boone Indicator measures the degree of competition in the banking market of the Lao People's Democratic Republic. It is an important metric for assessing the health and efficiency 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 is an economic measure that quantifies the level of competition in a given market, in this case the banking sector of Laos. It is calculated based on the relationship between banks' profits and their market share, providing insights into the competitive dynamics and pricing power within the industry.
Methodology
The data is calculated by the World Bank using financial statement information from banks operating in Laos.
Historical Context
The Boone Indicator is widely used by policymakers and analysts to evaluate the competitiveness and soundness of the Lao banking system.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating more competition.
- Laos has exhibited relatively low Boone Indicator values in recent years, suggesting a competitive banking sector.
- The Boone Indicator is an important input for policymakers assessing financial sector reforms and stability.
FAQs
Q: What does the Boone Indicator in Banking Market for Lao PDR measure?
A: The Boone Indicator measures the degree of competition in the banking market of the Lao People's Democratic Republic. It provides insights into the pricing power and competitive dynamics within the Lao banking industry.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator is an important metric for assessing the health and efficiency of the financial sector in Laos. It helps policymakers and analysts evaluate the competitiveness and soundness of the Lao banking system.
Q: How is the Boone Indicator data collected or calculated?
A: The data is calculated by the World Bank using financial statement information from banks operating in Laos.
Q: How is the Boone Indicator used in economic policy for Laos?
A: The Boone Indicator is widely used by policymakers and analysts to evaluate the competitiveness and stability of the Lao banking sector, which is an important input for financial sector reforms and policies.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data for Laos is published by the World Bank on an annual basis, so there may be some update delays compared to more frequently reported economic indicators.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Lao People's Democratic Republic (DDOI05LAA156NWDB), retrieved from FRED.