Total Credit to Households and NPISHs, Unadjusted for Breaks, for Russia
QRUHAMXDCU • 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
This economic indicator measures the total credit extended to households and non-profit institutions serving households (NPISHs) in Russia. It provides insights into the overall household debt levels and credit conditions 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
The Total Credit to Households and NPISHs, Unadjusted for Breaks, for Russia tracks the total outstanding loans and other credit instruments held by Russian households and non-profit organizations. This metric is used by economists and policymakers to assess the financial health and debt burden of the Russian consumer sector.
Methodology
The data is collected and reported by the Central Bank of Russia.
Historical Context
This trend is closely monitored by financial analysts and government agencies to gauge the effectiveness of monetary and fiscal policies aimed at supporting or restraining household credit growth.
Key Facts
- The series began in Q1 2005.
- Credit to households reached a peak of 12.4 trillion rubles in Q4 2019.
- Household debt levels declined during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total credit and debt held by Russian households and non-profit institutions, providing insights into consumer finance and debt levels.
Q: Why is this trend relevant for users or analysts?
A: Household debt levels are an important barometer of consumer financial health and spending power, which informs economic forecasting and policy decisions.
Q: How is this data collected or calculated?
A: The data is reported by the Central Bank of Russia based on its monitoring of the domestic credit market.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the impact of monetary and fiscal policies on household credit conditions and consumer behavior.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may be subject to occasional revisions by the Central Bank.
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Citation
U.S. Federal Reserve, Total Credit to Households and NPISHs, Unadjusted for Breaks, for Russia (QRUHAMXDCU), retrieved from FRED.