Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation
RUSFCLOFMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120,546,000,000.00
Year-over-Year Change
12.55%
Date Range
1/1/2014 - 1/1/2017
Summary
This economic trend measures the outstanding deposits at non-deposit taking microfinance institutions (MFIs) in the Russian Federation. It provides insights into the usage and growth of microfinance services in the country.
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 at Non-deposit Taking MFIs for the Russian Federation tracks the total value of deposits held at microfinance institutions that do not have deposit-taking licenses. This data point offers a window into the demand for and accessibility of alternative financial services in the Russian economy.
Methodology
The data is collected through surveys and reporting from registered microfinance institutions.
Historical Context
This trend is used by economists and policymakers to analyze the development of the microfinance sector and financial inclusion in Russia.
Key Facts
- Russia has over 2,000 registered microfinance institutions.
- Microfinance deposits accounted for 3.2% of total banking system deposits in 2021.
- The microfinance sector in Russia has grown rapidly in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at non-deposit taking microfinance institutions (MFIs) in the Russian Federation.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the growth and usage of alternative financial services in the Russian economy, which is important for understanding financial inclusion and the development of the microfinance sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from registered microfinance institutions in Russia.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the microfinance sector and financial inclusion in Russia, which can inform policies and regulations around alternative financial services.
Q: Are there update delays or limitations?
A: There may be delays in reporting from microfinance institutions, and the data may not capture all informal or unregistered microfinance activity in Russia.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Russian Federation (RUSFCLOFMFXDC), retrieved from FRED.