Bank Deposits to GDP for Australia
DDOI02AUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.09
Year-over-Year Change
17.33%
Date Range
1/1/1960 - 1/1/2021
Summary
The Bank Deposits to GDP ratio measures the total value of bank deposits in Australia as a percentage of the country's gross domestic product. This metric provides insight into the level of financial intermediation and the size of the domestic 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 Bank Deposits to GDP ratio represents the total value of deposits held by individuals and businesses in Australian banks, divided by the country's GDP. This ratio is used by economists and policymakers to assess the depth and development of Australia's financial system and its role in supporting economic growth.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments data reported by the Australian government.
Historical Context
Trends in the Bank Deposits to GDP ratio are closely monitored by the Reserve Bank of Australia and other financial authorities to gauge financial stability and the effectiveness of monetary policies.
Key Facts
- Australia's Bank Deposits to GDP ratio was 99.3% in 2021.
- The ratio has increased from 81.3% in 2000, indicating growth in the banking sector.
- High deposit levels suggest a well-developed financial system supporting economic activity.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio measures the total value of bank deposits in Australia as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insight into the level of financial intermediation and the size of the domestic banking sector relative to the overall economy, which is important for assessing financial stability and the effectiveness of monetary policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and balance of payments data reported by the Australian government.
Q: How is this trend used in economic policy?
A: Trends in the Bank Deposits to GDP ratio are closely monitored by the Reserve Bank of Australia and other financial authorities to gauge financial stability and the effectiveness of monetary policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Australia (DDOI02AUA156NWDB), retrieved from FRED.