Financial System Deposits to GDP for Australia
DDDI08AUA156NWDB • 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 'Financial System Deposits to GDP for Australia' indicator measures the total deposits held in the Australian financial system as a percentage of the country's gross domestic product. This metric provides insight into the size and liquidity of Australia's banking and financial sector.
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 financial system deposits to GDP ratio is a key indicator of the relative size and importance of a country's banking and financial services industry. It reflects the overall level of financial intermediation and the depth of the domestic financial system.
Methodology
This data is collected and calculated by the World Bank based on official national accounts statistics.
Historical Context
Policymakers and analysts use this metric to assess the development and stability of Australia's financial sector and its role in supporting economic growth.
Key Facts
- Australia's financial system deposits were 89.3% of GDP in 2021.
- The deposits to GDP ratio has increased from around 60% in the 1990s.
- Higher ratios indicate a more developed financial intermediation system.
FAQs
Q: What does this economic trend measure?
A: The 'Financial System Deposits to GDP for Australia' indicator measures the total deposits held in the Australian financial system 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 size and liquidity of Australia's banking and financial sector, which is relevant for assessing financial system development and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the development and stability of Australia's financial sector and its role in supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published with some delay, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Australia (DDDI08AUA156NWDB), retrieved from FRED.