Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Russian Federation
RUSFCSODCSXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,502,611,000,000.00
Year-over-Year Change
222.70%
Date Range
1/1/2008 - 1/1/2024
Summary
This economic trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in the Russian Federation. It provides insights into the level of financial services and access to credit for SMEs, which are crucial for economic growth and development.
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 to SMEs at commercial banks in Russia represent the total value of loans extended by these institutions to small and medium-sized businesses. This metric is an important indicator of the financial health and credit access for the SME sector, which is a key driver of economic activity and innovation.
Methodology
The data is collected by the Central Bank of Russia and reported through the FRED economic database.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess the financing conditions for Russia's small and medium enterprises.
Key Facts
- SMEs account for over 20% of Russia's GDP.
- Loan access is a key challenge for many Russian SMEs.
- The government has initiatives to support SME financing.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans to small and medium enterprises (SMEs) at commercial banks in the Russian Federation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the level of financial services and access to credit for SMEs, which are crucial for economic growth and development in Russia.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Russia and reported through the FRED economic database.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, economists, and financial analysts to assess the financing conditions for Russia's small and medium enterprises.
Q: Are there update delays or limitations?
A: The data is published with a short delay, and may be subject to revisions by the reporting agency.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Russian Federation (RUSFCSODCSXDC), retrieved from FRED.