Percentage of Foreign Banks Among Total Banks for Colombia
DDOI13COA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.00
Year-over-Year Change
50.00%
Date Range
1/1/1995 - 1/1/2013
Summary
The 'Percentage of Foreign Banks Among Total Banks for Colombia' tracks the share of foreign-owned banks operating in the Colombian banking sector. This metric is crucial for understanding the degree of foreign participation and competitiveness in the country's financial system.
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
This economic indicator measures the percentage of banks in Colombia that are owned or controlled by foreign entities. It provides insight into the level of international integration and foreign investment in the Colombian banking industry, which is an important factor for economic analysis and policymaking.
Methodology
The data is collected and calculated by the World Bank based on official reports and surveys of the Colombian financial sector.
Historical Context
Policymakers and financial analysts use this trend to assess the openness and competitiveness of Colombia's banking market.
Key Facts
- Colombia's foreign bank share peaked at 18.8% in 2003.
- The percentage of foreign banks has declined since the early 2000s.
- Foreign bank presence is a key indicator of financial market integration.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the percentage of banks in Colombia that are owned or controlled by foreign entities, providing insight into the level of international integration and foreign investment in the country's banking industry.
Q: Why is this trend relevant for users or analysts?
A: The percentage of foreign banks is an important indicator for understanding the competitiveness and openness of Colombia's financial sector, which is crucial information for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official reports and surveys of the Colombian financial sector.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this trend to assess the level of foreign participation and competition in Colombia's banking market, which informs decisions related to financial sector regulation and international investment policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year between the reference period and the available information.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Colombia (DDOI13COA156NWDB), retrieved from FRED.