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.
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)
Characteristic
2009
2030
2050
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
* 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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
PwC. (May 16, 2011). 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) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/276180/country-ranking-based-on-worldwide-bank-assets/
PwC. "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)." Chart. May 16, 2011. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/276180/country-ranking-based-on-worldwide-bank-assets/
PwC. (2011). 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). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/276180/country-ranking-based-on-worldwide-bank-assets/
PwC. "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)." Statista, Statista Inc., 16 May 2011, https://www.statista.com/statistics/276180/country-ranking-based-on-worldwide-bank-assets/
PwC, 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) Statista, https://www.statista.com/statistics/276180/country-ranking-based-on-worldwide-bank-assets/ (last visited August 25, 2024)
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) [Graph], PwC, May 16, 2011. [Online]. Available: https://www.statista.com/statistics/276180/country-ranking-based-on-worldwide-bank-assets/