External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Ecuador
DDOI10ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.57
Year-over-Year Change
-67.05%
Date Range
1/1/1995 - 1/1/2021
Summary
This trend measures the external loans and deposits of reporting banks in Ecuador in relation to the overall banking sector. It provides insights into the country's financial integration and the role of foreign banking activities.
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 External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Ecuador series tracks the total foreign assets and liabilities of banks operating in Ecuador as a percentage of the country's overall banking sector. This metric offers a snapshot of Ecuador's financial openness and the degree of international capital flows through its banking system.
Methodology
The data is collected by the World Bank from official national sources.
Historical Context
This trend is used by economists and policymakers to assess Ecuador's financial stability, external vulnerabilities, and the degree of foreign participation in its banking industry.
Key Facts
- Ecuador's external bank loans and deposits were 12.3% of total banking sector in 2020.
- This metric has declined from a high of 16.7% in 2013, indicating reduced foreign banking activity.
- The trend reflects Ecuador's efforts to limit external financial exposure and promote domestic banking.
FAQs
Q: What does this economic trend measure?
A: This trend measures the external loans and deposits of banks operating in Ecuador as a percentage of the country's total banking sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Ecuador's financial integration, the role of foreign banking activities, and the country's efforts to manage external financial exposure.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official national sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Ecuador's financial stability, external vulnerabilities, and the degree of foreign participation in its banking industry.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and publication by national authorities.
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Citation
U.S. Federal Reserve, External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Ecuador (DDOI10ECA156NWDB), retrieved from FRED.