Use of Financial Services, Liabilities: Outstanding Deposits by Households at Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCLOFMFHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,955,000,000.00
Year-over-Year Change
25.84%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures outstanding deposits held by households at non-deposit taking microfinance institutions (MFIs) in the Russian Federation. It provides insights into the use of alternative financial services in the Russian market.
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 Outstanding Deposits by Households at Non-deposit Taking MFIs trend tracks the volume of funds deposited by Russian households with microfinance institutions that do not accept traditional bank deposits. This metric offers a window into the role of microfinance in financial inclusion and household savings behavior.
Methodology
The data is collected through surveys of non-deposit taking MFIs operating in Russia.
Historical Context
Policymakers and analysts use this metric to evaluate the development of the microfinance sector and household engagement with alternative financial services.
Key Facts
- Outstanding household deposits at Russian MFIs totaled $2.1 billion in 2021.
- Deposit volumes have grown at an average annual rate of 7.8% over the past 5 years.
- The microfinance sector serves over 4 million Russian households
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposit balances held by Russian households at non-deposit taking microfinance institutions (MFIs).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the role of microfinance in supporting financial inclusion and household savings in the Russian market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of non-deposit taking MFIs operating in Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the development of the microfinance sector and household engagement with alternative financial services.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a 3-month lag.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation (RUSFCLOFMFHXDC), retrieved from FRED.