Total Credit to Households and NPISHs, Adjusted for Breaks, for Russia
QRUHAMXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,401.40
Year-over-Year Change
55.74%
Date Range
1/1/1998 - 10/1/2024
Summary
The 'Total Credit to Households and NPISHs, Adjusted for Breaks, for Russia' measures the total amount of credit extended to Russian households and non-profit institutions serving households. This metric is a key indicator of household financial health and consumer credit conditions.
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 series tracks the total outstanding credit owed by Russian households and non-profit institutions serving households (NPISHs), including loans, mortgages, and other forms of debt. It is an important gauge of consumer credit conditions and household financial leverage within the Russian economy.
Methodology
The data is collected and calculated by the Bank of Russia based on reports from financial institutions.
Historical Context
Economists and policymakers monitor this trend to assess the level of household indebtedness and consumer credit market dynamics in Russia.
Key Facts
- Credit to Russian households has grown by over 50% since 2015.
- Mortgage lending accounts for nearly half of total household credit in Russia.
- Household debt levels in Russia remain below the OECD average.
FAQs
Q: What does this economic trend measure?
A: This series measures the total outstanding credit owed by Russian households and non-profit institutions serving households, including loans, mortgages, and other forms of debt.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important gauge of consumer credit conditions and household financial leverage within the Russian economy, providing insights into consumer spending power and financial health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Russia based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the level of household indebtedness and consumer credit market dynamics, which can inform monetary and financial stability policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Total Credit to Households and NPISHs, Adjusted for Breaks, for Russia (QRUHAMXDCA), retrieved from FRED.