Private Credit by Deposit Money Banks to GDP for Russian Federation
DDDI01RUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.27
Year-over-Year Change
33.55%
Date Range
1/1/2001 - 1/1/2021
Summary
This economic trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of the Russian Federation. It provides insights into the level of financial intermediation and the role of the banking sector 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 private credit to GDP ratio is an important indicator of financial development and the depth of the banking system. It reflects the degree to which the private sector has access to credit from the formal financial system, which is crucial for investment, economic growth, and overall financial stability.
Methodology
The data is collected and calculated by the World Bank using official government statistics and central bank information.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess the health and efficiency of the Russian financial system and its ability to support private sector activities.
Key Facts
- The private credit to GDP ratio in Russia was 58.8% in 2020.
- This trend has declined from a peak of 61.7% in 2013.
- Russia's ratio is lower than the global average of 92.8% in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit extended by deposit money banks to the gross domestic product (GDP) of the Russian Federation. It reflects the level of financial intermediation and the role of the banking sector in the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is an important indicator of financial development and the depth of the banking system. It provides insights into the degree to which the private sector has access to credit, which is crucial for investment, economic growth, and overall financial stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using official government statistics and central bank information.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess the health and efficiency of the Russian financial system and its ability to support private sector activities.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of one to two years, and there may be some discrepancies or limitations in the underlying data sources.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Russian Federation (DDDI01RUA156NWDB), retrieved from FRED.