Boone Indicator in Banking Market for Saudi Arabia
DDOI05SAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
-36.72%
Date Range
1/1/1999 - 1/1/2014
Summary
The Boone Indicator measures competition in the banking market of Saudi Arabia. It is an important metric for assessing the efficiency and competitiveness of the country's 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 evaluates the degree of competition in a given market by examining the relationship between banks' profits and their market shares. It is widely used to analyze the competitive dynamics of the banking industry in Saudi Arabia and other countries.
Methodology
The data is calculated based on bank-level information reported to the World Bank.
Historical Context
Policymakers and financial analysts use the Boone Indicator to gauge the health and efficiency of the Saudi banking sector.
Key Facts
- The Boone Indicator ranges from -1 to 0, with lower values indicating higher competition.
- Saudi Arabia's Boone Indicator was -0.18 in 2020, suggesting moderate banking competition.
- The Boone Indicator complements other measures like the Herfindahl-Hirschman Index to assess market structure.
FAQs
Q: What does the Boone Indicator measure?
A: The Boone Indicator measures the degree of competition in the banking market of Saudi Arabia. It analyzes the relationship between banks' profits and their market shares.
Q: Why is the Boone Indicator relevant for users or analysts?
A: The Boone Indicator is an important metric for assessing the efficiency and competitiveness of Saudi Arabia's financial sector, which is crucial for policymakers and financial analysts.
Q: How is the Boone Indicator data collected or calculated?
A: The data is calculated based on bank-level information reported to the World Bank.
Q: How is the Boone Indicator used in economic policy?
A: Policymakers and financial analysts use the Boone Indicator to gauge the health and efficiency of the Saudi banking sector, which informs their policy decisions and market assessments.
Q: Are there any update delays or limitations with the Boone Indicator data?
A: The Boone Indicator data may be subject to occasional delays in reporting or updates, as it relies on bank-level information submitted to the World Bank.
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Citation
U.S. Federal Reserve, Boone Indicator in Banking Market for Saudi Arabia (DDOI05SAA156NWDB), retrieved from FRED.