Country Profiles provide key indicators for Russian Federation (2008) concerning people's financial knowledge (literacy), behavior and attitudes, as well as indicators related to financial inclusion and consumer protection issues. All these indicators are broken down into subgroups according to socio-demographics. From a policy perspective this information is pivotal to strengthen the existing consumer protection framework and to promote financial inclusion by building consumers’ trust in financial institutions and encouraging first-time consumers to access financial services.


Economy Overview

Region
Eastern Europe & Central Asia
Income Group
Upper middle income
Population
141,930,000
GNI
10,400
Formal accounts penetration
48.18
Formal loans usage
7.69
Formal savings usage
10.88
Government payments through accounts
8.47
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Indicator Russian Federation  
Percent of adults who save unspent money

59.8  
Percent of adults who make provisions for unexpected expenses

57.5  
Percent of adults who make provisions for their children's future

10.7  
Percent of adults who check terms and conditions

41.1  
  • - The data has not been weighted to match population totals
    - The financial capability scores have been computed by using a statistical method called factor analysis. The method is used to aggregate variables to obtain a single indicator (or score) for a certain aspect of financial capability. Each score ranges between 0 (lowest score) and 100 (highest score).