Deposit Money Bank Assets to GDP for Russian Federation
DDDI02RUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.59
Year-over-Year Change
42.17%
Date Range
1/1/2001 - 1/1/2021
Summary
The 'Deposit Money Bank Assets to GDP for Russian Federation' metric measures the total assets held by deposit money banks as a percentage of the country's GDP. This provides insight into the size and importance 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
Deposit money bank assets include loans, securities, cash, and other assets held by commercial banks and other deposit-taking institutions. This metric indicates the financial depth and intermediation role of the banking system, which is a key factor in economic development and growth.
Methodology
The data is collected and reported by the World Bank using national account and financial sector data.
Historical Context
Policymakers and analysts use this metric to assess the stability and efficiency of the Russian financial system.
Key Facts
- Deposit money bank assets were 91.7% of Russian GDP in 2020.
- The banking sector accounts for over 75% of Russia's financial system assets.
- Russia's deposit money bank assets to GDP ratio is higher than the global average.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total assets held by deposit money banks in Russia as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the size and importance of the banking sector in the Russian economy, which is a key factor in economic development and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank using national account and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the stability and efficiency of the Russian financial system, which is important for guiding economic and financial policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, so there may be a 1-2 year delay in the most recent information.
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Citation
U.S. Federal Reserve, Deposit Money Bank Assets to GDP for Russian Federation (DDDI02RUA156NWDB), retrieved from FRED.