5-Bank Asset Concentration for Ecuador
DDOI06ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.47
Year-over-Year Change
6.84%
Date Range
1/1/2000 - 1/1/2021
Summary
The 5-Bank Asset Concentration for Ecuador measures the percentage of total banking assets held by the five largest banks in the country. This metric is important for assessing the level of market concentration and competition in the Ecuadorian banking 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 5-Bank Asset Concentration ratio provides insight into the structure and competitiveness of Ecuador's banking industry. It helps economists and policymakers evaluate the degree of market dominance by a small number of large banks, which can impact lending practices, pricing, and access to financial services.
Methodology
This data is calculated annually by the World Bank using information reported by Ecuadorian financial institutions.
Historical Context
Monitoring this trend is crucial for informing banking sector regulations and competition policies in Ecuador.
Key Facts
- Ecuador's 5-bank asset concentration was 84.9% in 2020.
- The concentration ratio has remained above 80% since 2010.
- High concentration can limit competition and innovation in the banking sector.
FAQs
Q: What does this economic trend measure?
A: The 5-Bank Asset Concentration for Ecuador measures the percentage of total banking assets held by the five largest banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of market concentration and competition in Ecuador's banking sector, which is important for evaluating lending practices, pricing, and access to financial services.
Q: How is this data collected or calculated?
A: The data is calculated annually by the World Bank using information reported by Ecuadorian financial institutions.
Q: How is this trend used in economic policy?
A: Monitoring the 5-Bank Asset Concentration ratio is crucial for informing banking sector regulations and competition policies in Ecuador.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, 5-Bank Asset Concentration for Ecuador (DDOI06ECA156NWDB), retrieved from FRED.