Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Australia
DDOI12AUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.69
Year-over-Year Change
13.53%
Date Range
1/1/1983 - 1/1/2020
Summary
The Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Australia measures the foreign claims of international banks as a percentage of Australia's GDP. This trend provides insights into Australia's international financial integration and exposure to global economic conditions.
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 represents the total cross-border claims and local claims in foreign currencies of banks headquartered in countries that report to the Bank for International Settlements (BIS), expressed as a share of Australia's gross domestic product. It offers a gauge of Australia's vulnerability to external financial shocks and the degree of foreign investment in the Australian economy.
Methodology
The data is collected and calculated by the World Bank based on information reported by national central banks to the BIS.
Historical Context
This trend is used by policymakers, economists, and market analysts to assess Australia's level of global financial interconnectedness and potential risks.
Key Facts
- Australia's consolidated foreign claims-to-GDP ratio was 91.7% in 2021.
- This metric has increased from around 50% in the early 2000s, reflecting Australia's growing financial integration.
- High levels of foreign bank claims can make a country more vulnerable to global financial shocks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total foreign claims of international banks as a percentage of Australia's gross domestic product, providing insights into Australia's level of global financial integration.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Australia's vulnerability to external financial shocks and the degree of foreign investment in the Australian economy, which is useful for policymakers, economists, and market 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 national central banks to the Bank for International Settlements (BIS).
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and market analysts to gauge Australia's level of global financial interconnectedness and potential risks, which informs economic and financial stability policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the BIS and World Bank, which may result in occasional update delays or minor limitations in coverage or comparability.
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Citation
U.S. Federal Reserve, Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Australia (DDOI12AUA156NWDB), retrieved from FRED.