Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Russia
CRDQRUBPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119,226.69
Year-over-Year Change
65.13%
Date Range
4/1/1995 - 10/1/2024
Summary
This economic trend measures the value of credit extended by domestic banks to the private non-financial sector in Russia, adjusted for breaks in the data series. It provides insight into the availability of bank financing for businesses and households in the Russian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks metric tracks the total volume of loans and other credit instruments provided by Russian banks to private companies and individuals, excluding the financial sector. This indicator is used by economists and policymakers to assess the level of financial intermediation and the health of the domestic credit market.
Methodology
The data is collected and compiled by the Bank for International Settlements (BIS) from official sources.
Historical Context
This metric is relevant for analyzing the Russian financial system and its role in supporting private sector economic activity.
Key Facts
- Credit to private sector was 57% of GDP in Russia in 2021.
- Domestic bank lending accounts for over 90% of total credit in Russia.
- The metric has been published by the BIS since 1995.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of credit extended by domestic banks to the private non-financial sector in Russia, adjusted for any breaks or changes in the data series.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the level of financial intermediation and availability of bank financing for businesses and households in the Russian economy, which is important for assessing economic conditions and the health of the domestic credit market.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the Bank for International Settlements (BIS) from official sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the flow of credit to the private sector, which is a key driver of economic activity, and to assess the overall functioning of the Russian financial system.
Q: Are there update delays or limitations?
A: The Credit to Private Non-Financial Sector by Domestic Banks data for Russia is published by the BIS on a quarterly basis, with some potential delays in data availability.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Domestic Banks, Adjusted for Breaks, for Russia (CRDQRUBPABIS), retrieved from FRED.