Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCIOFMFNNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,589.00
Year-over-Year Change
-19.90%
Date Range
1/1/2011 - 1/1/2024
Summary
This economic trend measures the number of financial institutions, excluding deposit-taking microfinance institutions (MFIs), in the Russian Federation. It provides insights into the geographical reach and accessibility of the non-bank financial 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
The 'Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation' metric tracks the count of various financial entities beyond traditional banks. This data is used by economists and policymakers to assess the diversity and penetration of the non-deposit taking financial services industry.
Methodology
The data is collected by the Central Bank of Russia through regulatory reporting.
Historical Context
This trend is relevant for understanding financial inclusion and the development of alternative credit and savings channels in the Russian economy.
Key Facts
- The number of non-deposit taking MFIs in Russia was 3,041 as of 2021.
- Russia has seen steady growth in non-bank financial institutions since the early 2000s.
- Geographical outreach of non-deposit taking MFIs is an indicator of financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions, excluding deposit-taking microfinance institutions (MFIs), in the Russian Federation. It provides insights into the geographical reach and accessibility of the non-bank financial sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the development of alternative credit and savings channels in the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Russia through regulatory reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess the diversity and penetration of the non-deposit taking financial services industry in Russia.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedules of the Central Bank of Russia.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Intermediaries, Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation (RUSFCIOFMFNNUM), retrieved from FRED.