People 15 Years and Over Saving at a Financial Institution in the Past Year for Russian Federation
DDAI06RUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.93
Year-over-Year Change
64.81%
Date Range
1/1/2011 - 1/1/2021
Summary
This economic trend measures the percentage of people aged 15 and older in the Russian Federation who reported saving at a financial institution in the past year. It provides insights into household savings behavior and financial inclusion.
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 'People 15 Years and Over Saving at a Financial Institution in the Past Year for Russian Federation' metric tracks the level of formal financial savings among the adult population in Russia. This indicator is useful for policymakers and analysts to assess financial access and gauge the effectiveness of policies aimed at promoting household savings and financial inclusion.
Methodology
The data is collected through national household surveys.
Historical Context
This trend is relevant for evaluating financial sector development and informing policies to boost domestic savings and investment.
Key Facts
- Formal savings rate among Russian adults was 48% in 2017.
- Savings at financial institutions are lower in rural areas of Russia.
- Russia aims to increase the share of adults with a bank account to 70% by 2024.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of people aged 15 and older in the Russian Federation who reported saving at a financial institution in the past year.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into household savings behavior and financial inclusion, which are important for evaluating financial sector development and informing policies to boost domestic savings and investment.
Q: How is this data collected or calculated?
A: The data is collected through national household surveys.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and analysts to assess financial access and gauge the effectiveness of policies aimed at promoting household savings and financial inclusion in Russia.
Q: Are there update delays or limitations?
A: The data may be subject to survey methodology changes and publication lags.
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Citation
U.S. Federal Reserve, People 15 Years and Over Saving at a Financial Institution in the Past Year for Russian Federation (DDAI06RUA156NWDB), retrieved from FRED.