Infra-Annual Labor Statistics: Employment Rate Male: 15 Years or over for Russia
Quarterly, Seasonally Adjusted
RUSLREMTTMASTSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.62
Year-over-Year Change
0.12%
Date Range
10/1/2009 - 10/1/2021
Summary
The 'Quarterly, Seasonally Adjusted' series measures the average monthly total remittances sent by Russian residents abroad. This metric is a key indicator of Russia's international financial flows and economic integration.
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
This series tracks the total value of remittances, which are funds transferred by individuals working outside their home country to recipients in their country of origin. It provides insight into Russia's cross-border financial activity and economic connectivity.
Methodology
The data is collected by the Central Bank of Russia based on reports from Russian credit institutions.
Historical Context
Remittance flows are monitored by policymakers and analysts to assess Russia's economic performance and international financial linkages.
Key Facts
- Russia is one of the world's top remittance-receiving countries.
- Remittance inflows equal over 1% of Russia's GDP.
- The majority of remittances to Russia originate from migrants working in other former Soviet states.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of monthly remittances sent by Russian residents to recipients outside of Russia.
Q: Why is this trend relevant for users or analysts?
A: Remittance flows provide insight into Russia's international financial connectivity and serve as an indicator of its economic performance and cross-border integration.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Russia based on reports from Russian credit institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor remittance flows to assess Russia's economic performance and international financial linkages.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a short delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted (RUSLREMTTMASTSAQ), retrieved from FRED.