Figure 2.
The figure shows yearly values for P R O F T, R G D P, I N F L N, I N T R T, M O N S U P, and B N K D E V from 2005 to 2024. The P R O F T line begins at its highest point in 2005, then moves downward, reaching a low near 2010, and continues with modest changes afterward. The R G D P line exhibits strong early fluctuations, including a large decrease around 2009, repeated rises and falls, and another decline near 2020. The I N F L N line shows multiple alternating peaks and dips throughout the period. The I N T R T line displays small but continuous oscillations from start to end. The M O N S U P line varies sharply in the early years, declines around 2010, then rises and falls repeatedly through 2024. The B N K D E V line begins with low values, rises sharply near 2008, declines, rises again near 2016, and continues fluctuating until 2024.Trend lines of external variables in relation to profitability
Source: Authors’ computation using Stata 16.1 2021