Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Russia
QRUPBM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.40
Year-over-Year Change
10.41%
Date Range
4/1/1995 - 10/1/2024
Summary
This economic trend measures the value of credit extended by banks to the private non-financial sector in Russia, adjusted for statistical breaks. It provides insight into the availability of credit and financing 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 Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks series represents the outstanding amount of loans and other credit issued by banks to private businesses and households in Russia. This metric is a key indicator of financial intermediation and the health of the private sector.
Methodology
The data is collected and calculated by the Bank for International Settlements based on information provided by the Central Bank of Russia.
Historical Context
Policymakers and analysts use this trend to evaluate the level of financial deepening and access to credit in the Russian economy.
Key Facts
- Credit to the private sector was 57% of GDP in Russia in 2021.
- Bank lending to households and businesses has grown steadily in Russia since the early 2000s.
- Access to credit is an important driver of investment and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of loans and other credit extended by banks to private non-financial companies and households in Russia, adjusted for statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and access to credit in the Russian economy, which are important drivers of investment, consumption, and overall economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements based on information provided by the Central Bank of Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this credit data to evaluate the depth and health of Russia's financial system and its ability to support private sector activity.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not fully reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Russia (QRUPBM770A), retrieved from FRED.