Global banking sector - country ranking based on bank assets 2050| ��ƽ��

Global banking sector ranking based on the domestic bank assets of selected countries in 2009 with a forecast to 2030 and 2050 (in billion U.S. dollars)

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Release date

May 2011

More information

Region

Worldwide

Survey time period

2009

Supplementary notes

* This ranking takes into account only the countries listed above. Analysts at PriceWaterhouseCoopers (PwC), in their "Banking in 2050" study, assumed that the economies of these countries will be among the largest/strongest in 2050.

Citation formats

The banking sector in the United States was nearly double that of its closest rival, Japan, in 2009, based on domestic bank assets. Given forecasts based on 2009 data, China was forecasted to have the largest banking sector in 2030, which was expected to more than double by 2050.

Growth in Asia

Most Asia-Pacific countries have been experiencing high gross domestic product (GDP) growth in the past few years. China, in particular, has been able to maintain a robust growth rate. However, many economists attribute this to an effect known as “catch-up growth”, where a country’s GDP grows quickly due to rapid industrialization. Once a country completes this catch-up phase, it grows at a more modest pace.

Other long-term factors

A number of long-term factors threaten to disrupt the banking sector, including regulatory pressure and a number of technology-driven factors. Financial technology, or fintech, is a term depicting the group of companies from the technology sector that work on development of innovative financial and banking solutions, for example in online payments and peer-to-peer loan sectors.