Central Bank Assets to GDP for Canada
DDDI06CAA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.78
Year-over-Year Change
546.08%
Date Range
1/1/1960 - 1/1/2021
Summary
The Central Bank Assets to GDP for Canada measures the total assets held by the Bank of Canada as a percentage of the country's gross domestic product. This metric provides insight into the scale and role of the central bank in the Canadian 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 Central Bank Assets to GDP ratio tracks the size of the central bank's balance sheet relative to the overall economic output. It is used by economists and policymakers to assess the central bank's monetary policy stance and potential impact on financial markets and the broader economy.
Methodology
The data is calculated by the World Bank based on official central bank and GDP statistics.
Historical Context
Central bank asset holdings are closely watched as an indicator of unconventional monetary policy measures, such as quantitative easing, and their potential effects on inflation, exchange rates, and economic growth.
Key Facts
- Canada's central bank assets reached a high of 24.3% of GDP in 2020.
- The ratio increased sharply during the COVID-19 pandemic as the Bank of Canada expanded its balance sheet.
- Central bank asset holdings are a key indicator of unconventional monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Central Bank Assets to GDP for Canada measures the total assets held by the Bank of Canada as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and role of the central bank in the Canadian economy, which is useful for assessing monetary policy and its potential impact on financial markets and economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on official central bank and GDP statistics.
Q: How is this trend used in economic policy?
A: Central bank asset holdings are closely watched as an indicator of unconventional monetary policy measures, such as quantitative easing, and their potential effects on inflation, exchange rates, and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedules of the underlying central bank and GDP statistics.
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Citation
U.S. Federal Reserve, Central Bank Assets to GDP for Canada (DDDI06CAA156NWDB), retrieved from FRED.