Non-Bank Financial Institutions' Assets to GDP for Russian Federation
DDDI03RUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.61
Year-over-Year Change
4678.52%
Date Range
1/1/2005 - 1/1/2020
Summary
This economic trend measures the total assets of non-bank financial institutions in Russia as a percentage of the country's GDP. It provides insight into the size and importance of the non-banking financial sector.
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 non-bank financial institutions' assets to GDP ratio is a key metric for understanding the development and structure of a country's financial system. It indicates the relative significance of non-bank financial entities, such as insurance companies, pension funds, and investment funds, compared to the overall economy.
Methodology
This data is collected and calculated by the World Bank based on official national accounts and financial sector statistics.
Historical Context
Policymakers and analysts use this trend to assess financial deepening and the diversification of funding sources in the Russian economy.
Key Facts
- The non-bank financial sector accounts for over 60% of Russia's GDP.
- Russia's non-bank financial assets to GDP ratio has steadily increased since the early 2000s.
- The rapid growth of this sector reflects the diversification of Russia's financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total assets of non-bank financial institutions in Russia as a percentage of the country's GDP. It provides insight into the size and importance of the non-banking financial sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the development and structure of Russia's financial system, as it indicates the relative significance of non-bank financial entities compared to the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official national accounts and financial sector statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess financial deepening and the diversification of funding sources in the Russian economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years.
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Citation
U.S. Federal Reserve, Non-Bank Financial Institutions' Assets to GDP for Russian Federation (DDDI03RUA156NWDB), retrieved from FRED.