Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Russian Federation
RUSFCLODCHGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.98
Year-over-Year Change
111.69%
Date Range
1/1/2004 - 1/1/2020
Summary
This economic trend measures the outstanding deposits of households with commercial banks in the Russian Federation, providing insights into the use of financial services in the country.
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: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Russian Federation' trend tracks the total value of deposits held by Russian households with commercial banks. This metric is used to assess the level of financial inclusion and the overall health of the Russian banking system.
Methodology
The data is collected directly from the Central Bank of the Russian Federation.
Historical Context
This trend is closely monitored by economists, policymakers, and financial analysts to understand the financial behavior of Russian households and inform economic and regulatory decisions.
Key Facts
- The outstanding deposits of Russian households with commercial banks reached a record high in 2021.
- Household deposits account for a significant portion of the total deposits in the Russian banking system.
- The trend in household deposits is seen as an indicator of consumer confidence in the Russian economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by Russian households with commercial banks, providing insights into the use of financial services in the country.
Q: Why is this trend relevant for users or analysts?
A: The trend in household deposits is closely monitored by economists, policymakers, and financial analysts to understand the financial behavior of Russian households and inform economic and regulatory decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from the Central Bank of the Russian Federation.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and financial institutions to assess the level of financial inclusion and the overall health of the Russian banking system, which informs economic and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Central Bank of the Russian Federation, with minimal update delays.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Russian Federation (RUSFCLODCHGGDPPT), retrieved from FRED.