Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Russian Federation
RUSFCSODCGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.61
Year-over-Year Change
27.32%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the outstanding loans from commercial banks in Russia as a percentage of the country's gross domestic product (GDP). It provides insights into the use of financial services and the overall health of the Russian banking 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 'Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Russian Federation' series tracks the volume of loans extended by commercial banks in Russia relative to the size of the country's economy. This metric is used by economists and policymakers to assess the depth and accessibility of the Russian financial system.
Methodology
The data is collected and reported by the Central Bank of Russia.
Historical Context
This trend is closely monitored by international financial institutions and investors to gauge the stability and growth potential of the Russian economy.
Key Facts
- The outstanding loans from commercial banks in Russia equaled 46.7% of GDP in 2021.
- This metric has increased from 38.5% of GDP in 2016, indicating growing financial intermediation.
- Russia's bank lending-to-GDP ratio is lower than the global average, suggesting room for further financial deepening.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks in Russia as a percentage of the country's gross domestic product (GDP). It provides insights into the use of financial services and the overall health of the Russian banking sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the depth and accessibility of the Russian financial system, which is crucial for understanding the country's economic development and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Russia.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by international financial institutions and investors to gauge the stability and growth potential of the Russian economy, which informs their investment and policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Central Bank of Russia, and there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Russian Federation (RUSFCSODCGGDPPT), retrieved from FRED.