Nominal Total Credit to General Government, Adjusted for Breaks, for Russia
QRUGANXDCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,331.14
Year-over-Year Change
82.43%
Date Range
10/1/1997 - 10/1/2024
Summary
The 'Nominal Total Credit to General Government, Adjusted for Breaks, for Russia' measures the total debt held by the Russian government. This metric is important for economists and policymakers to assess the sustainability of Russia's fiscal position.
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 represents the total nominal credit to the general government sector in Russia, adjusted for statistical breaks. It includes debt held by the federal, regional, and local governments, as well as social security funds. Analyzing this data helps provide insight into Russia's public finance management and fiscal vulnerabilities.
Methodology
The data is collected and calculated by the Bank for International Settlements based on official government sources.
Historical Context
Trends in government debt levels are closely monitored by international institutions, investors, and policymakers to evaluate Russia's economic and financial stability.
Key Facts
- Russia's government debt-to-GDP ratio was 18.1% in 2021.
- Public debt levels have remained relatively low compared to many other major economies.
- Government borrowing increased during the COVID-19 pandemic to fund economic support measures.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total nominal credit or debt held by the general government sector in Russia, including federal, regional, and local government debt as well as social security funds.
Q: Why is this trend relevant for users or analysts?
A: Tracking government debt levels is crucial for assessing Russia's fiscal sustainability and vulnerability to economic shocks. This data provides important insights for economists, policymakers, and investors analyzing Russia's public finances.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank for International Settlements based on official government sources in Russia.
Q: How is this trend used in economic policy?
A: Trends in government debt are closely monitored by institutions like the IMF and World Bank to evaluate Russia's economic and financial stability. This data informs policy decisions and assessments of Russia's fiscal position.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it relies on official government reporting. The series is also adjusted for statistical breaks, which can affect historical comparisons.
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Citation
U.S. Federal Reserve, Nominal Total Credit to General Government, Adjusted for Breaks, for Russia (QRUGANXDCA), retrieved from FRED.