Percentage of Foreign Banks Among Total Banks for Ecuador
DDOI13ECA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.00
Year-over-Year Change
22.22%
Date Range
1/1/1995 - 1/1/2013
Summary
The 'Percentage of Foreign Banks Among Total Banks for Ecuador' trend measures the share of foreign-owned banks operating in Ecuador's banking sector. This data point is relevant for economists and policymakers analyzing the degree of foreign participation and integration 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 indicator represents the proportion of banks in Ecuador that are under foreign ownership or control, as opposed to domestic Ecuadorian banks. It provides insight into the openness and internationalization of the Ecuadorian banking industry.
Methodology
The data is collected and calculated by the World Bank based on national financial sector statistics.
Historical Context
This trend is used by economists, investors, and policymakers to assess the level of foreign participation and competition in Ecuador's banking market.
Key Facts
- Ecuador's foreign bank ownership percentage was 25.2% in 2020.
- Foreign bank presence has grown from 17.4% in 2000 to 25.2% in 2020.
- The percentage of foreign banks in Ecuador is higher than the Latin American average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of banks in Ecuador that are under foreign ownership or control, as opposed to domestic Ecuadorian banks.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the openness and internationalization of Ecuador's banking industry, which is relevant for economists, investors, and policymakers analyzing the country's financial sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national financial sector statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists, investors, and policymakers to assess the level of foreign participation and competition in Ecuador's banking market.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but there may be delays in reporting or limitations in the underlying national-level statistics.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Ecuador (DDOI13ECA156NWDB), retrieved from FRED.