Bank Deposits to GDP for Austria
DDOI02ATA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.21
Year-over-Year Change
21.36%
Date Range
1/1/1960 - 1/1/2021
Summary
The 'Bank Deposits to GDP for Austria' measures the total value of bank deposits as a percentage of Austria's gross domestic product. This indicator provides insight into the size and stability of Austria's banking sector and its role in 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
This series represents the total value of bank deposits held by the public in Austria, expressed as a percentage of the country's GDP. It is a key metric used by economists and policymakers to assess the development and intermediation capacity of the Austrian banking system and its integration with the broader economy.
Methodology
The data is collected and calculated by the World Bank based on official national accounts and financial sector statistics.
Historical Context
Trends in bank deposits-to-GDP are closely monitored by the European Central Bank and Austrian regulators as an indicator of financial sector health and household savings behavior.
Key Facts
- Austria's bank deposits-to-GDP ratio was 102.5% in 2021.
- The ratio has remained above 100% since the early 2000s, indicating a large banking sector.
- Austria has one of the highest bank deposits-to-GDP ratios among European Union countries.
FAQs
Q: What does this economic trend measure?
A: The 'Bank Deposits to GDP for Austria' measures the total value of bank deposits held by the public as a percentage of Austria's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and stability of Austria's banking sector and its role in the overall economy, which is closely monitored by policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national accounts and financial sector statistics.
Q: How is this trend used in economic policy?
A: Trends in bank deposits-to-GDP are closely monitored by the European Central Bank and Austrian regulators as an indicator of financial sector health and household savings behavior.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Austria (DDOI02ATA156NWDB), retrieved from FRED.