Deposit Money Bank Assets to GDP for Canada
DDDI02CAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.27
Year-over-Year Change
55.84%
Date Range
1/1/1960 - 1/1/2008
Summary
This economic trend measures the ratio of deposit money bank assets to GDP in Canada. It provides insight into the size and importance of the Canadian banking sector relative to the overall economy.
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 deposit money bank assets to GDP ratio tracks the total assets held by deposit-taking financial institutions in Canada as a percentage of the country's gross domestic product. This metric offers insights into the scale and role of the banking system within the broader Canadian economy.
Methodology
The data is collected and calculated by the World Bank using information from national accounts and balance of payments statistics.
Historical Context
This trend is widely used by economists, policymakers, and financial analysts to assess the depth and stability of Canada's financial system.
Key Facts
- Canada's deposit money bank assets to GDP ratio was 97.6% in 2021.
- The ratio has fluctuated between 80-100% over the past two decades.
- Canada has a relatively large and mature banking sector compared to the size of its economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total assets held by deposit-taking financial institutions in Canada as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: The deposit money bank assets to GDP ratio provides insights into the scale and importance of the Canadian banking system within the broader economy, which is crucial for assessing financial stability and development.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data using information from national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this metric to evaluate the depth and resilience of Canada's financial system, which informs decisions on financial regulation, monetary policy, and economic development.
Q: Are there update delays or limitations?
A: The World Bank publishes this data with a lag, so the most recent figures may not reflect the current state of the Canadian banking sector. Additionally, the data may not capture all non-bank financial institutions that provide deposit-like services.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Canada (DDDI02CAA156NWDB), retrieved from FRED.