Markets Actual Q2 Q3 Q4 Q1 2023
Currency 50.90 54.94 59.3 64.01 69.1 80.5
Government Bond 10Y (%) 8.71 8.94 9.17 9.4 9.65 10.15

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.80 -4 -2 -1.5 -2 1
GDP Annual Growth Rate (%) 3.50 -12 -12 -10.5 -5 -3
Unemployment Rate (%) 4.00 4.3 5.4 5.5 5.8 6.5
Inflation Rate (%) 17.10 16.5 15.6 14 12 7
Inflation Rate Mom (%) 0.10 0.4 0.2 0.4 0.3 0.6
Interest Rate (%) 9.50 9.5 9 9 8.5 6
Balance of Trade (USD Million) 21173.00 31000 21500 19000 21000 3200
Current Account (USD Million) 58200.00 35000 30000 20000 18000 15000
Current Account to GDP (% of GDP) 6.80 8 8 8 6 3
Government Debt to GDP (% of GDP) 18.20 20 20 20 23 23
Government Budget (% of GDP) 0.80 -2 -2 -2 -1.7 -0.7
Business Confidence (points) -2.00 -3 -1 -1 -1 -1
Services PMI (points) 48.50 50 50.1 48.7 51.7 51
Manufacturing PMI (points) 50.80 49.7 47.2 49.5 48.9 50.1
Consumer Confidence (points) -31.00 -12 -9 -8 -8 -6
Retail Sales MoM (%) 11.30 3 0.1 10.5 5.5 12.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 13.00 13 13 13 13 13

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.80 -4 -2 -1.5 -2 1
GDP Annual Growth Rate (%) 3.50 -12 -12 -10.5 -5 -3
GDP (USD Billion) 1483.50 1778 1778 1778 1600 1600
GDP Constant Prices (RUB Billion) 21357.20 19715 21064 23652 20289 22942
Gross Fixed Capital Formation (RUB Billion) 7511.00 3977 4316 6722 7135 6521
GDP per capita (USD) 11786.62 11900 11900 11900 11900 11000
GDP per capita PPP (USD) 26456.40 26800 26800 26800 26800 26800
Full Year GDP Growth (%) 4.70 -12 -11 -10.5 -5 -5
GDP From Agriculture (RUB Billion) 448.70 553 1231 896 426 869
GDP From Construction (RUB Billion) 758.70 942 1064 1795 721 1741
GDP From Manufacturing (RUB Billion) 2594.60 2475 2645 3096 2465 3003
GDP From Mining (RUB Billion) 2003.40 1689 1638 1860 1903 1804
GDP From Public Administration (RUB Billion) 1656.90 1453 1470 1532 1574 1486
GDP From Transport (RUB Billion) 1391.00 1260 1307 1276 1321 1238
GDP From Utilities (RUB Billion) 664.30 443 420 604 631 586

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 4.00 4.3 5.4 5.5 5.8 6.5
Employed Persons (Million ) 71.90 71 70.5 71 71.2 71
Unemployed Persons (Million ) 3.00 3.2 3.1 3.1 3.1 3.2
Employment Rate (%) 59.70 59.4 59.3 59.6 59.3 59.1
Labor Force Participation Rate (%) 61.92 62.9 62.9 63.1 63.1 63.8
Productivity (%) -0.40 2 2 2 2 2.5
Wages (RUB/Month) 66757.00 57606 54140 77994 66089 79242
Wages in Manufacturing (RUB/Month) 53095.00 51208 50873 63699 52564 64718
Wage Growth (%) 3.60 -2 -1 0 -1 1.6
Minimum Wages (RUB/Month) 13890.00 14000 14000 14000 14000 15100
Population (Million) 145.55 145 145 145 145 145
Retirement Age Women 56.50 57 57 57 57.5 57.5
Retirement Age Men 61.50 62 62 62 62.5 62.5

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 17.10 16.5 15.6 14 12 7
Inflation Rate Mom (%) 0.10 0.4 0.2 0.4 0.3 0.6
Consumer Price Index CPI (points) 231.70 232 233 236 255 253
Core Inflation Rate (%) 19.87 17.5 16.5 12 10 6
GDP Deflator (points) 162.14 161 165 167 182 179
Producer Prices (points) 279.80 299 305 311 327 340
Producer Prices Change (%) 19.30 25 23.8 21.1 16 9.5
Food Inflation (%) 20.05 21 17 16 14 9

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 9.50 9.5 9 9 8.5 6
Interbank Rate (%) 15.31 15.31 14.81 14.81 14.31 12.31
Money Supply M2 (RUB Billion) 68475.30 70950 72600 76900 75000 83200
Foreign Exchange Reserves (USD Million) 587423.00 570500 550500 531000 502500 518000
Central Bank Balance Sheet (RUB Million) 51091398.00 60000000 62000000 64000000 64000000 69000000
Loans to Private Sector (RUB Million) 39702093.00 32367718 33697822 35533373 37716988 34467372
Deposit Interest Rate (%) 14.03 14.03 13.53 13.53 13.03 11.03
Cash Reserve Ratio (%) 2.00 8 8 8 8 8

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (USD Million) 21173.00 31000 21500 19000 21000 3200
Current Account (USD Million) 58200.00 35000 30000 20000 18000 15000
Current Account to GDP (% of GDP) 6.80 8 8 8 6 3
Imports (USD Million) 24754.00 15000 20500 25000 23000 26800
Exports (USD Million) 45927.00 46000 42000 44000 44000 30000
Capital Flows (USD Million) 58000.00 14200 14200 14200 14200 14200
Gold Reserves (Tonnes) 2301.64 2315 2315 2400 2400 2420
Crude Oil Production (BBL/D/1K) 10651.00 10400 10000 9800 9700 9000
Foreign Direct Investment (USD Million) 12433.00 -3000 2000 2000 2000 2000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 18.20 20 20 20 23 23
Government Budget (% of GDP) 0.80 -2 -2 -2 -1.7 -0.7
Government Budget Value (RUB Billion) 412.62 550 -650 -850 -450 -850
Government Spending (RUB Billion) 4369.80 3867 3820 3911 4151 3794
Government Debt (RUB Billion) 15873.58 16000 16000 16000 16000 20000
Fiscal Expenditure (RUB Million) 6206782.00 26000000 36700000 530000000 11000000 57000000

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 13.00 13 13 13 13 13
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 30.00 30 30 30 30 30
Social Security Rate For Companies (%) 30.00 30 30 30 30 30
Social Security Rate For Employees (%) 0.00 0 0 0 0 0

Business Actual Q2 Q3 Q4 Q1 2023
Business Confidence (points) -2.00 -3 -1 -1 -1 -1
Services PMI (points) 48.50 50 50.1 48.7 51.7 51
Manufacturing PMI (points) 50.80 49.7 47.2 49.5 48.9 50.1
Industrial Production (%) -1.60 -8.2 -2.1 -3 -2 1
Industrial Production Mom (%) -8.50 6.5 3.5 3 3 3
Manufacturing Production (%) -2.10 3.2 3.2 3 3 3
Capacity Utilization (%) 61.00 64 64 65 65 65
Car Registrations 24268.00 137000 140000 150000 150000 150000
Mining Production (%) -1.60 4.5 4.5 5 5 1.1
Composite PMI (points) 48.20 49.6 50.6 50.1 51 52
Bankruptcies (Companies) 2831.00 2700 2800 3000 3000 3000
Corporate Profits (RUB Billion) 7120.60 16200 21500 25000 25000 29000

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) -31.00 -12 -9 -8 -8 -6
Retail Sales MoM (%) 11.30 3 0.1 10.5 5.5 12.5
Retail Sales YoY (%) -9.70 -5.8 -4 -3 -2 1.5
Consumer Spending (RUB Billion) 13796.10 10977 11674 12348 13106 11977
Consumer Credit (RUB Million) 25011345.00 19953512 21115652 22385154 23760778 21713599
Bank Lending Rate (%) 9.07 9.07 8.57 8.57 8.07 6.07
Gasoline Prices (USD/Liter) 0.88 0.91 0.94 0.98 1.01 1.01
Households Debt To GDP (% of GDP) 22.00 20 19 19 19 18.5

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (%) 23.33 8 4 -1 -2 -4
Housing Starts (Millions Square Metre) 8.30 4.8 4.8 17.8 17.8 18
Home Ownership Rate (%) 89.00 85 85 85 85 85
Construction Output (%) 7.90 4 4 4.2 4.2 4.2


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Russia Forecast - was last updated on Sunday, June 26, 2022.