Bank deposits as a share of GDP reached 277 % in 2017 in Switzerland, according to the National Central Bank. This is 2.06 % more than in the previous year.
Historically, bank deposits as a share of GDP in Switzerland reached an all time high of 277 % in 2017 and an all time low of 85.4 % in 1960. When compared to Switzerland's main peers, bank deposits as a share of GDP in Austria amounted to 110 %, 97.7 % in Germany and 82.4 % in Italy in 2017.
Switzerland has been ranked 2nd within the group of 101 countries we follow in terms of bank deposits as a share of GDP, 1 places above the position seen 10 years ago.
A bank deposit is money placed into a banking institution for safekeeping.