Bank Deposits to GDP for Russian Federation
DDOI02RUA156NWDB • 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 Bank Deposits to GDP ratio for the Russian Federation measures the total value of deposits held in banks relative to the country's gross domestic product. This indicator provides insights into the level of financial intermediation and the banking sector's importance within 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 Bank Deposits to GDP ratio is a key measure of financial development and the size of the banking sector in a given economy. It reflects the degree to which the public holds its savings in the form of bank deposits, which is an important factor for economic growth and stability.
Methodology
The data is collected and calculated by the World Bank using national account and financial system data.
Historical Context
Policymakers and analysts use this metric to assess the depth and efficiency of Russia's financial system and its ability to channel savings into productive investments.
Key Facts
- Russia's bank deposits to GDP ratio was 57.7% in 2020.
- The ratio has increased from 32.4% in 2000, indicating growing financial intermediation.
- High bank deposits relative to GDP signal a well-developed banking sector.
FAQs
Q: What does this economic trend measure?
A: The Bank Deposits to GDP ratio measures the total value of deposits held in banks relative to the country's gross domestic product, providing insights into the level of financial intermediation in the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for assessing the depth and efficiency of Russia's financial system and its ability to channel savings into productive investments, which are important factors for economic growth and stability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national account and financial system data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the development and performance of Russia's banking sector and its role in supporting the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national account and financial system information provided by the Russian government.
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Citation
U.S. Federal Reserve, Bank Deposits to GDP for Russian Federation (DDOI02RUA156NWDB), retrieved from FRED.