5-Bank Asset Concentration for Australia
DDOI06AUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.23
Year-over-Year Change
2.45%
Date Range
1/1/2000 - 1/1/2021
Summary
The 5-Bank Asset Concentration for Australia measures the degree of concentration in the Australian banking sector, with higher values indicating greater control by the top 5 banks.
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 metric tracks the total assets held by the 5 largest banks in Australia as a percentage of total banking assets in the country. It provides insight into the level of market dominance and competitiveness within the Australian financial system.
Methodology
The data is collected and calculated by the World Bank based on information reported by financial institutions.
Historical Context
Policymakers and analysts use this metric to assess the stability and resiliency of the Australian banking sector.
Key Facts
- The 5-Bank Asset Concentration for Australia was 79.4% in 2020.
- Australia's banking sector is one of the most concentrated in the developed world.
- The top 5 banks control over three-quarters of total banking assets in Australia.
FAQs
Q: What does this economic trend measure?
A: The 5-Bank Asset Concentration for Australia measures the degree of market dominance by the 5 largest banks in the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the competitiveness and resiliency of the Australian banking system, which is crucial for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information reported by financial institutions in Australia.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess the stability and systemic risk within the Australian banking sector and inform financial stability policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-year delay in the most recent observations.
Related Trends
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Australia
AUSGDPDEFQISMEI
Net Issues of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Australia
IDSAMRINIAU
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Maintenance and Repair of the Dwelling for Australia
AUSCP040300GYQ
Total Reserves excluding Gold for Australia
TRESEGAUM052N
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Australia
LRUNTTTTAUM156S
International Trade: Imports: Value (Goods): Total for Australia
XTIMVA01AUQ188S
Citation
U.S. Federal Reserve, 5-Bank Asset Concentration for Australia (DDOI06AUA156NWDB), retrieved from FRED.