Domestic credit to private sector by banks in Russian Federation
Russian Federation: Domestic credit to private sector by banks was 54.6% in 2021. ▲ Rising
Domestic credit to private sector by banks in Russian Federation, 2001–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Russian Federation is 54.6%, measured in 2021.
That represents a change of down 8.3% on the previous year and up 31.0% over ten years.
Over the whole period, domestic credit to private sector by banks in Russian Federation peaked at 59.6% in 2020 and was at its lowest, 16.8%, in 2001.
That places Russian Federation 65th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Domestic credit to private sector by banks in Russian Federation, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 16.8% | — |
| 2002 | 18.0% | +6.8% |
| 2003 | 21.2% | +18.2% |
| 2004 | 24.3% | +14.5% |
| 2005 | 25.9% | +6.6% |
| 2006 | 30.9% | +19.4% |
| 2007 | 37.8% | +22.1% |
| 2008 | 41.6% | +10.0% |
| 2009 | 45.3% | +8.9% |
| 2010 | 42.8% | -5.3% |
| 2011 | 41.7% | -2.7% |
| 2012 | 43.9% | +5.3% |
| 2013 | 48.0% | +9.4% |
| 2014 | 54.8% | +14.2% |
| 2015 | 55.9% | +2.0% |
| 2016 | 53.1% | -5.1% |
| 2017 | 52.1% | -1.9% |
| 2018 | 51.2% | -1.6% |
| 2019 | 52.6% | +2.6% |
| 2020 | 59.6% | +13.4% |
| 2021 | 54.6% | -8.3% |
Russian Federation compared with similar countries
- Russian Federation's 54.6% is below the median for high income countries, which is 64.3%, 85% of the median. (61 countries reporting)
- Russian Federation's 54.6% is above the median for Europe & Central Asia, which is 52.1%, 1.0× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.1% | 16.8% | 45.3% | 9 |
| 2010s | 49.6% | 41.7% | 55.9% | 10 |
| 2020s | 57.1% | 54.6% | 59.6% | 2 |
Countries ranked near Russian Federation
- 62 Palestine, State of 56.4% compare
- 63 Paraguay 55.7% compare
- 64 El Salvador 55.0% compare
- 66 Morocco 53.5% compare
- 67 Cape Verde 53.4% compare
- 68 North Macedonia 53.3% compare
More financial sector data for Russian Federation
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.9 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.48 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.9 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Russian Federation?
- Domestic credit to private sector by banks in Russian Federation was 54.6% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Russian Federation?
- The highest recorded value was 59.6% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Russian Federation?
- The lowest recorded value was 16.8% in 2001.
- How does Russian Federation rank for domestic credit to private sector by banks?
- Russian Federation ranks 65th out of 187 countries with data for 2021.
- Is domestic credit to private sector by banks rising or falling in Russian Federation?
- Over the last ten years it is up 31.0%. The long-run trend across the full record is rising.
- Where does this Russian Federation data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.