Boone Indicator in Banking Market for Nigeria
DDOI05NGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.11
Year-over-Year Change
-87.74%
Date Range
1/1/1999 - 1/1/2014
Summary
The Boone Indicator measures competition in the Nigerian banking market. It is a key metric used by economists and policymakers to assess 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 is an economic measure that quantifies the degree of competition in a market. In the context of the Nigerian banking sector, it reflects how profits are related to efficiency, providing insights into the market structure and competitive dynamics.
Methodology
The indicator is calculated based on bank-level profit and cost data reported to regulatory authorities.
Historical Context
Policymakers use the Boone Indicator to evaluate the effectiveness of banking regulations and competition policies.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating more intense competition.
- Nigeria's Boone Indicator has declined over the past decade, suggesting increased competitiveness in the banking sector.
- Policymakers use the Boone Indicator to assess the impact of regulatory reforms on banking competition.
FAQs
Q: What does the Boone Indicator measure?
A: The Boone Indicator measures the degree of competition in the Nigerian banking market. It reflects how bank profits are related to efficiency.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator provides insights into the competitiveness and market structure of the Nigerian banking sector, which is crucial for evaluating the effectiveness of financial regulations and policies.
Q: How is the Boone Indicator data collected or calculated?
A: The indicator is calculated based on bank-level profit and cost data reported to regulatory authorities in Nigeria.
Q: How is the Boone Indicator used in economic policy?
A: Policymakers use the Boone Indicator to assess the impact of banking regulations and competition policies on the efficiency and competitiveness of the Nigerian financial sector.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may be subject to reporting lags or revisions by the relevant regulatory authorities in Nigeria.
Related Trends
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Nigeria
DDDI04NGA156NWDB
Net Lending (+) / Net Borrowing (-) (balance from Financial Account) as Direct Investment for Nigeria
NGABFDBP6GDPPT
Value of Exports to Nigeria from Oregon
ORNGAA052SCEN
Internet users for Nigeria
ITNETUSERP2NGA
Value of Exports to Nigeria from Puerto Rico
PRNGAA052SCEN
Use of Financial Services: Key Indicators Mobile Money Transactions (during the Reference Year) Per 1000 Adults for Nigeria
NGAFCMTANUM
Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Nigeria (DDOI05NGA156NWDB), retrieved from FRED.