Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Russian Federation
RUSFCSODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.56
Year-over-Year Change
91.22%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the outstanding loans from commercial banks to households in the Russian Federation as a percentage of GDP. It provides insights into the level of household borrowing and financial services utilization 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 outstanding loans from commercial banks to households metric represents the credit extended by the banking sector to Russian households. This indicator offers valuable insights into consumer borrowing patterns and the overall development of the Russian financial system.
Methodology
The data is collected and calculated by the Central Bank of the Russian Federation.
Historical Context
This trend is widely used by economists, policymakers, and financial analysts to assess the financial health and credit conditions of Russian households.
Key Facts
- The outstanding loans from commercial banks to households in Russia reached a peak of 15.4% of GDP in 2013.
- Household borrowing has steadily increased in Russia over the past decade, reflecting growing access to financial services.
- The COVID-19 pandemic led to a temporary decline in household loans as a percentage of GDP in Russia in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans from commercial banks to households in the Russian Federation as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of household borrowing and financial services utilization in the Russian economy, which is important for assessing consumer credit conditions and the development of the financial system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of the Russian Federation.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and financial analysts to assess the financial health and credit conditions of Russian households, which can inform economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the Central Bank of the Russian Federation with a lag, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks to Households for Russian Federation (RUSFCSODCHGGDPPT), retrieved from FRED.