Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Russian Federation
RUSFCSODCSGGDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.22
Year-over-Year Change
12.96%
Date Range
1/1/2008 - 1/1/2023
Summary
This economic indicator tracks the outstanding loans from commercial banks to small and medium enterprises (SMEs) in the Russian Federation as a percentage of GDP. It provides insights into the availability of credit and financing for the country's small business sector.
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 outstanding SME loans indicator represents the total value of commercial bank loans to small and medium-sized enterprises in Russia, expressed as a percentage of the country's GDP. This metric is used by economists and policymakers to assess the level of financial inclusion and access to capital for the critical SME segment of the economy.
Methodology
The data is collected and reported by the Central Bank of Russia.
Historical Context
Trends in SME lending are closely monitored as they reflect the health and financing conditions of Russia's small business sector, which is a key driver of economic growth and employment.
Key Facts
- SMEs account for over 20% of Russia's GDP.
- Outstanding SME loans peaked at 7.2% of GDP in 2013.
- Lending to SMEs has declined since 2014 due to economic sanctions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of outstanding loans from commercial banks to small and medium enterprises (SMEs) in Russia, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: Trends in SME lending are closely watched as they reflect the financing conditions and access to capital for this critical segment of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Russia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health and financing environment for Russia's small business sector, which is a key driver of economic growth and employment.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay by the Central Bank of Russia.
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Citation
U.S. Federal Reserve, Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Russian Federation (RUSFCSODCSGGDPPT), retrieved from FRED.