Overview Actual Q4 Q1 Q2 Q3
GDP Growth Rate 0.90 0.5 0.4 0.4 0.2 percent
GDP Annual Growth Rate 1.30 1.7 1.4 1.5 1.2 percent
Unemployment Rate 4.70 4.6 4.5 4.5 4.5 percent
Inflation Rate 3.80 4 4.2 4.5 4.8 percent
Inflation Rate Mom 0.50 0.4 0.2 0.4 0.4 percent
Interest Rate 7.50 7.5 7.5 6.75 6.5 percent
Interbank Rate 8.10 8.2 8.2 7.45 7.2 percent
Balance of Trade 18485.00 15200 11000 9000 9800 USD Million
Exports 38439.00 45100 38400 37900 36200 USD Million
Government Debt to GDP 12.60 21.2 22 22 22 percent
Government Budget -1.50 0.5 0.2 0.2 0.2 percent of GDP
Business Confidence -6.00 -2 0 0 1 Index Points
Manufacturing PMI 52.60 52 52.6 53 52.5
Services PMI 55.60 54.6 54.7 54.4 53.6 Index Points
Consumer Confidence -14.00 -6 -7 -7 -6 Index Points
Retail Sales MoM 0.30 23.7 7.5 2 -1.6 percent
Corporate Tax Rate 20.00 20 20 20 20 percent
Personal Income Tax Rate 13.00 13 13 13 13 percent
Markets Actual Q4 Q1 Q2 Q3
Currency 66.27 66.06 66.77 67.48 68.2
Stock Market 2431.29 2440 2407 2374 2342 points
Government Bond 10Y 8.67 8.65 8.74 8.82 8.9 percent
GDP Actual Q4 Q1 Q2 Q3
GDP Growth Rate 0.90 0.5 0.4 0.4 0.2 percent
GDP Annual Growth Rate 1.30 1.7 1.4 1.5 1.2 percent
GDP 1577.52 1650 1750 1750 1750 USD Billion
GDP Constant Prices 21678.60 24126 20272 22004 21939 RUB Billion
Gross Fixed Capital Formation 4257.20 7618 3122 4321 4308 RUB Billion
GDP per capita 11441.00 11700 12100 12100 12100 USD
GDP per capita PPP 24765.95 24900 25400 25400 25400 USD
GDP From Agriculture 671.80 1004 453 682 680 RUB Billion
GDP From Construction 1119.10 1760 723 1136 1133 RUB Billion
GDP From Manufacturing 2606.10 3020 2219 2645 2637 RUB Billion
GDP From Mining 1954.20 1929 1905 1984 1978 RUB Billion
GDP From Public Administration 1627.10 1618 1635 1652 1647 RUB Billion
GDP From Transport 1444.10 1420 1366 1466 1461 RUB Billion
GDP From Utilities 498.40 649 666 506 504 RUB Billion
Labour Actual Q4 Q1 Q2 Q3
Unemployment Rate 4.70 4.6 4.5 4.5 4.5 percent
Employed Persons 72.50 72.5 71.7 72.2 72.4 Million
Unemployed Persons 3.61 3.9 3.75 3.68 3.68 Million
Employment Rate 59.80 61 61 61 62 percent
Labor Force Participation Rate 62.80 64 64 64 65 percent
Productivity 1.50 1.2 1.01 0.81 0.6 percent
Job Offers 1738477.00 1525690 1451166 1557134 1601119 Persons
Wages 42000.00 53000 42000 42800 42500 RUB/Month
Wage Growth 4.40 4.2 2.9 2.5 2.2 percent
Wages in Manufacturing 40226.00 42000 42600 44700 40200 RUB/Month
Minimum Wages 11163.00 11163 12000 12000 12000 RUB/Month
Population 146.90 147 147 147 147 Million
Retirement Age Women 55.00 55 55 55 55
Retirement Age Men 60.00 60 60 60 60
Wages High Skilled 48300.00 46800 47800 47800 47800 RUB/Month
Wages Low Skilled 19900.00 19200 20500 20500 20500 RUB/Month
Living Wage Family 23700.00 29700 31100 31100 31100 RUB/Month
Living Wage Individual 14500.00 21000 22300 22300 22300 RUB/Month
Prices Actual Q4 Q1 Q2 Q3
Inflation Rate 3.80 4 4.2 4.5 4.8 percent
Inflation Rate Mom 0.50 0.4 0.2 0.4 0.4 percent
Consumer Price Index CPI 570.00 573 579 588 593 Index Points
Core Consumer Prices 100.40 100 101 100 100 Index Points
Core Inflation Rate 3.40 2.8 3 3.6 3.2 percent
GDP Deflator 114.61 116 118 119 120 Index Points
Producer Prices 717.40 718 668 717 726 Index Points
Producer Prices Change 16.90 8.5 6.5 5.1 4.5 percent
Food Inflation 3.00 2.2 2.5 2.6 2.3 percent
Money Actual Q4 Q1 Q2 Q3
Interest Rate 7.50 7.5 7.5 6.75 6.5 percent
Interbank Rate 8.10 8.2 8.2 7.45 7.2 percent
Money Supply M0 9048.40 8450 8356 9036 8972 RUB Billion
Money Supply M1 20485.02 19600 20311 20421 20297 RUB Billion
Money Supply M2 44219.00 44600 45700 46497 47290 RUB Billion
Foreign Exchange Reserves 462104.00 475000 480000 485000 494000 USD Million
Central Bank Balance Sheet 2530.30 2130 1882 1881 1870 RUB Billion
Loans to Private Sector 26470737.00 25776018 25959214 26234164 29100099 RUB Million
Deposit Interest Rate 5.21 5.04 5.04 4.29 4.04 percent
Cash Reserve Ratio 8.00 8 8 8 8 percent
Trade Actual Q4 Q1 Q2 Q3
Balance of Trade 18485.00 15200 11000 9000 9800 USD Million
Exports 38439.00 45100 38400 37900 36200 USD Million
Imports 19954.00 29900 27400 28900 26400 USD Million
Current Account 26400.00 15200 32500 25100 11700 USD Million
Current Account to GDP 2.20 5.5 4.8 4.8 4.8 percent
External Debt 467.10 547 457 447 444 USD Billion
Capital Flows 20971.51 12600 12617 12991 11587 USD Million
Gold Reserves 1998.50 2030 2045 2060 2060 Tonnes
Crude Oil Production 10811.00 10800 10900 11000 10500 BBL/D/1K
Terrorism Index 5.33 5.33 5.33 5.33 5.33
Weapons Sales 6148.00 7000 5838 5804 5770 USD Million
Remittances 408.00 350 387 408 387 USD Million
Foreign Direct Investment 2583.00 5600 6732 5247 5965 USD Million
Government Actual Q4 Q1 Q2 Q3
Government Debt to GDP 12.60 21.2 22 22 22 percent
Government Budget -1.50 0.5 0.2 0.2 0.2 percent of GDP
Government Budget Value 3022.14 -1000 900 1600 700 RUB Billion
Government Spending 3972.90 4042 4015 4032 4021 RUB Billion
Government Revenues 3003669600.60 32200000 8400000 18100000 24300000 RUB Million
Government Debt 12096.70 14818 12217 12456 12547 RUB Billion
Fiscal Expenditure 25670628.90 33200000 7500000 16500000 23600000 RUB Million
Military Expenditure 55327.20 62000 65000 65000 54124 USD Million
Taxes Actual Q4 Q1 Q2 Q3
Corporate Tax Rate 20.00 20 20 20 20 percent
Personal Income Tax Rate 13.00 13 13 13 13 percent
Sales Tax Rate 18.00 18 20 20 20 percent
Social Security Rate 30.00 30 30 30 30 percent
Social Security Rate For Companies 30.00 30 30 30 30 percent
Social Security Rate For Employees 0.00 0 0 0 0 percent
Business Actual Q4 Q1 Q2 Q3
Business Confidence -6.00 -2 0 0 1 Index Points
Manufacturing PMI 52.60 52 52.6 53 52.5
Services PMI 55.60 54.6 54.7 54.4 53.6 Index Points
Industrial Production 3.70 3.5 3.2 3.6 3.2 percent
Industrial Production Mom 5.80 6.4 12.5 -0.4 2.5 percent
Manufacturing Production 2.70 3 1.72 2.9 2.5 percent
Capacity Utilization 64.00 64 64 64 64.49 percent
Changes in Inventories 935.10 -620 250 985 1550 RUB Billion
Total Vehicle Sales 167494.00 163439 150467 159350 150415
Car Production 121.60 114 125 130 123 Thousand Units
Car Registrations 167494.00 170000 165000 155000 150385
Leading Economic Index 2.50 1.7 1.4 1.5 1.2 percent
Mining Production 7.40 2.9 5.72 5.01 4.5 percent
Steel Production 6020.00 6310 6016 6005 6006 Thousand Tonnes
Cement Production 6.38 3.4 5 7 5.45 Millions of Tonnes
Competitiveness Index 65.62 66.12 66.12 66.12 66.12 Points
Competitiveness Rank 43.00 43 43 43 43
Composite Pmi 55.00 53 53.6 54 53.8
Bankruptcies 3431.00 3270 3420 3250 3160 Companies
Corporate Profits 10151.70 12500 2700 5000 9500 RUB Billion
Corruption Index 29.00 29 29 29 29 Points
Corruption Rank 135.00 135 135 135 135
Ease of Doing Business 31.00 34 33 33 33
Consumer Actual Q4 Q1 Q2 Q3
Consumer Confidence -14.00 -6 -7 -7 -6 Index Points
Retail Sales MoM 0.30 23.7 7.5 2 -1.6 percent
Retail Sales YoY 1.90 2.7 2.5 2.2 1.5 percent
Consumer Spending 11505.40 12632 11303 11678 11643 RUB Billion
Consumer Credit 14078096.00 11400000 15627137 16317124 16953946 RUB Million
Private Sector Credit 40548833.00 42150450 43571219 44832376 45948324 RUB Million
Bank Lending Rate 9.09 8.8 8.8 8.05 7.8 percent
Disposable Personal Income 1.40 -1 -1.2 -0.6 -0.4 percent
Gasoline Prices 0.68 0.68 0.67 0.65 0.64 USD/Liter
Housing Actual Q4 Q1 Q2 Q3
Housing Index 1.00 2 2.5 2.5 2.5 percent
Construction Output 0.10 0.5 0.9 1.5 1.1 percent
Home Ownership Rate 87.30 84 85 85 85 percent
Housing Starts 5.90 17.5 5.5 5.7 5.6 Million Sq Meter


This page has economic forecasts for Russia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Russia economy.