Bank deposits as a share of GDP reached 105 % in 2017 in China, according to the National Central Bank. This is 9.88 % more than in the previous year.
Historically, bank deposits as a share of GDP in China reached an all time high of 179 % in 2010 and an all time low of % in. When compared to China's main peers, bank deposits as a share of GDP in India amounted to 65.8 %, 40.7 % in Russia and 67.4 % in USA in 2017.
China has been ranked 17th within the group of 101 countries we follow in terms of bank deposits as a share of GDP, 10 places behind the position seen 10 years ago.
A bank deposit is money placed into a banking institution for safekeeping.