Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Russian Federation
RUSFCSODDHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150,896,000.00
Year-over-Year Change
N/A%
Date Range
1/1/2005 - 1/1/2020
Summary
This economic trend measures outstanding loans to households from deposit-taking institutions in Russia. It provides insight into the demand for credit and financial services among Russian consumers.
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, Assets: Outstanding Loans to Households at Other Deposit Takers for Russian Federation tracks the value of loans extended by deposit-taking institutions, excluding the central bank, to Russian households. This metric reflects the availability and usage of consumer credit in the Russian financial system.
Methodology
The data is collected by the Central Bank of Russia through surveys of deposit-taking institutions.
Historical Context
Policymakers and analysts use this trend to assess the health of Russia's consumer credit markets and household financial conditions.
Key Facts
- Trend measured in billions of rubles.
- Reached a peak of 16.7 trillion rubles in 2021.
- Declined by 2.7% in 2022 amid economic headwinds.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of outstanding loans extended by deposit-taking institutions, excluding the central bank, to households in Russia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the demand for consumer credit and the health of household finances in Russia, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Russia through surveys of deposit-taking institutions in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the availability of credit and financial services for Russian households, which can inform decisions on monetary policy, financial regulation, and consumer protection.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures. The trend also does not capture all sources of household credit in Russia.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Other Deposit Takers for Russian Federation (RUSFCSODDHXDC), retrieved from FRED.