Bank assets as a share of GDP reached 250 % in 2017 in Australia, according to the National Central Bank. This is 7.43 % 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 86.1 % in 1990. When compared to Australia's main peers, bank assets as a share of GDP in Indonesia amounted to 53.9 %, 190 % in Malaysia and 52.5 % in Papua New Guinea in 2017.
Australia has been ranked 11th within the group of 113 countries we follow in terms of bank assets as a share of GDP, 6 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.