Bank assets as a share of GDP reached 250 % in 2017 in Australia, according to the National Central Bank. This is 7.14 % less than in the previous year.
Historically, bank assets as a share of GDP in Australia reached an all time high of 276 % in 2015 and an all time low of % in. When compared to Australia's main peers, bank assets as a share of GDP in Indonesia amounted to 53.6 %, 188 % in Malaysia and 58.0 % in Papua New Guinea in 2017.
Australia has been ranked 15th within the group of 132 countries we follow in terms of bank assets as a share of GDP, 3 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.