Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Russian Federation
DDDI12RUA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56.27
Year-over-Year Change
30.97%
Date Range
1/1/2001 - 1/1/2021
Summary
This economic trend measures the value of private credit extended by deposit money banks and other financial institutions as a percentage of GDP in the Russian Federation. It provides insight into the financial development and intermediation within 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 private credit to GDP ratio is a widely used indicator of financial depth and development. It shows the level of financial intermediation and the role of the banking sector in channeling funds to the private sector, which is crucial for economic growth.
Methodology
The data is collected and calculated by the World Bank using information from national accounts and balance of payments statistics.
Historical Context
This metric is closely monitored by policymakers, economists, and investors to assess the financial health and stability of the Russian economy.
Key Facts
- Private credit in Russia was 53.3% of GDP in 2020.
- The ratio has steadily increased from 25.3% in 2000.
- Russia's private credit to GDP is lower than the OECD average of 89.4%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of private credit extended by deposit money banks and other financial institutions as a percentage of GDP in the Russian Federation.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial depth and development, providing insight into the role of the banking sector in channeling funds to the private sector, which is crucial for economic growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national accounts and balance of payments statistics.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and investors to assess the financial health and stability of the Russian economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture the most recent developments in the Russian financial sector.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Russian Federation (DDDI12RUA156NWDB), retrieved from FRED.