Financial System Deposits to GDP for Russian Federation
DDDI08RUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.92
Year-over-Year Change
50.88%
Date Range
1/1/2001 - 1/1/2021
Summary
The Financial System Deposits to GDP for Russian Federation measures the total bank deposits held in the Russian financial system as a percentage of the country's GDP. This metric provides insights into the depth and stability of the Russian banking 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
This economic indicator represents the size of the deposit base in Russia relative to the overall economy. It is used by economists and policymakers to assess the financial sector's development, liquidity, and capacity to support economic growth.
Methodology
The data is collected by the World Bank from official government sources and financial institutions.
Historical Context
This trend is relevant for understanding the Russian financial system's ability to intermediate savings and provide credit to businesses and households.
Key Facts
- Russia's Financial System Deposits to GDP ratio was 53.9% in 2020.
- The ratio has increased from 35.3% in 2000, indicating financial sector growth.
- High deposit levels suggest a stable banking system able to support the economy.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP for Russian Federation measures the total bank deposits held in the Russian financial system as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and stability of the Russian banking sector, which is important for assessing the financial system's ability to support economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank from official government sources and financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand the Russian financial system's capacity to intermediate savings and provide credit to businesses and households.
Q: Are there update delays or limitations?
A: The World Bank publishes this data with some delay, but it remains a reliable indicator of the Russian financial system's development.
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Russian Federation (DDDI08RUA156NWDB), retrieved from FRED.