Markets Actual Q1 Q2 Q3 Q4 2020
Currency 66.22 70.38 71.15 71.94 72.72 74.33
Stock Market (points) 2473.61 2335 2302 2269 2237 2173
Government Bond 10Y (%) 8.29 8.79 8.89 8.99 9.09 9.28
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.90 0.4 0.4 0.2 0.3 0.5
GDP Annual Growth Rate (%) 1.50 1.4 1.5 1.2 1.5 2
Unemployment Rate (%) 4.80 4.5 4.5 4.5 5 5.1
Inflation Rate (%) 4.30 5.5 6.1 5.5 5 4.1
Inflation Rate Mom (%) 0.80 0.2 0.4 0.4 0.6 0.6
Interest Rate (%) 7.75 8 8 7.5 7 6.5
Balance of Trade (USD Million) 18984.00 11000 9000 9800 9800 10200
Current Account (USD Million) 38800.00 32500 25100 11700 17100 16000
Current Account to GDP (%) 2.20 4.8 4.8 4.8 4.8 4.2
Government Debt to GDP (%) 12.60 22 22 22 22 24
Government Budget (% of GDP) -1.50 0.2 0.2 0.2 0.2 0.6
Business Confidence (Index Points) -8.00 -10 -4 -2 -2 2
Manufacturing PMI 51.70 52.6 53 52.5 52.8 53.5
Services PMI (Index Points) 54.40 54.7 54.4 53.6 54 54
Consumer Confidence (Index Points) -17.00 -22 -17 -16 -12 -7
Retail Sales MoM (%) -0.20 7.5 2 -1.6 25.1 22.8
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 13.00 13 13 13 13 13
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.90 0.4 0.4 0.2 0.3 0.5
GDP Annual Growth Rate (%) 1.50 1.4 1.5 1.2 1.5 2
GDP (USD Billion) 1577.52 1750 1750 1750 1750 1820
GDP Constant Prices (RUB Billion) 23114.50 20086 21787 23207 23461 23930
Gross Fixed Capital Formation (RUB Billion) 4581.70 3093 4278 4274 4321 4407
GDP per capita (USD) 11441.00 12100 12100 12100 12100 12500
GDP per capita PPP (USD) 24765.95 25400 25400 25400 25400 25900
GDP From Agriculture (RUB Billion) 1453.50 449 675 1459 1475 1505
GDP From Construction (RUB Billion) 1383.40 723 1136 1400 1404 1432
GDP From Manufacturing (RUB Billion) 2702.40 2199 2619 2713 2743 2798
GDP From Mining (RUB Billion) 1892.90 1905 1984 1916 1921 1960
GDP From Public Administration (RUB Billion) 1594.40 1635 1652 1614 1618 1651
GDP From Transport (RUB Billion) 1489.20 1354 1451 1495 1512 1542
GDP From Utilities (RUB Billion) 460.70 660 501 463 468 477
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 4.80 4.5 4.5 4.5 5 5.1
Employed Persons (Million ) 72.60 71.7 72.2 72.4 72.6 72.7
Employment Rate (%) 59.90 61 61 62 62 62
Labor Force Participation Rate (%) 62.90 64 64 65 65 65
Job Offers (Persons) 1738477.00 1451166 1557134 1601119 1552905 1600369
Wages (RUB/Month) 42750.00 42000 42800 42500 55000 56500
Wage Growth (%) 4.60 2.9 2.5 2.2 1.5 2.2
Wages in Manufacturing (RUB/Month) 40226.00 42600 44700 40200 47000 51000
Minimum Wages (RUB/Month) 11163.00 12000 12000 12000 12000 12500
Population (Million) 146.90 147 147 147 147 148
Retirement Age Women 55.00 55 55 55 55 57
Retirement Age Men 60.00 60 60 60 60 62
Wages High Skilled (RUB/Month) 48300.00 47800 47800 47800 47800 49000
Wages Low Skilled (RUB/Month) 19900.00 20500 20500 20500 20500 21000
Living Wage Family (RUB/Month) 23700.00 31100 31100 31100 31100 32200
Living Wage Individual (RUB/Month) 14500.00 22300 22300 22300 22300 24500
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 4.30 5.5 6.1 5.5 5 4.1
Inflation Rate Mom (%) 0.80 0.2 0.4 0.4 0.6 0.6
Consumer Price Index CPI (Index Points) 574.60 579 588 592 598 623
Core Consumer Prices (Index Points) 100.50 101 100 100 100 100
Core Inflation Rate (%) 3.70 3 3.6 3.2 3.3 2.9
GDP Deflator (Index Points) 116.84 118 119 120 120 125
Producer Prices (Index Points) 722.40 668 717 726 720 756
Producer Prices Change (%) 16.80 6.5 5.1 4.5 3.6 3.2
Food Inflation (%) 3.90 2.5 2.6 2.3 2.4 2.5
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 7.75 8 8 7.5 7 6.5
Interbank Rate (%) 8.28 8.1 8.1 8.1 8.1 8.1
Money Supply M0 (RUB Billion) 8981.00 8356 9036 8972 8400 8600
Money Supply M1 (RUB Billion) 20572.91 20311 20421 20297 20000 21400
Money Supply M2 (RUB Billion) 44892.10 45700 46497 47290 47900 49200
Foreign Exchange Reserves (USD Million) 468495.00 480000 485000 494000 500000 510000
Central Bank Balance Sheet (RUB Billion) 2638.80 1882 1881 1870 1866 2040
Loans to Private Sector (RUB Million) 26891902.00 25959214 26234164 29100099 27786424 29421346
Deposit Interest Rate (%) 5.66 5.66 5.66 5.66 5.66 5.66
Cash Reserve Ratio (%) 8.00 8 8 8 7 7
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 18984.00 11000 9000 9800 9800 10200
Current Account (USD Million) 38800.00 32500 25100 11700 17100 16000
Current Account to GDP (%) 2.20 4.8 4.8 4.8 4.8 4.2
Imports (USD Million) 21476.00 27400 28900 26400 34600 38900
Exports (USD Million) 40460.00 38400 37900 36200 45400 49800
Gold Reserves (Tonnes) 2066.20 2045 2060 2060 2080 2150
Crude Oil Production (BBL/D/1K) 10964.00 10900 11000 10500 10700 10800
Foreign Direct Investment (USD Million) -4245.00 6732 5247 5965 7000 10000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 12.60 22 22 22 22 24
Government Budget (% of GDP) -1.50 0.2 0.2 0.2 0.2 0.6
Government Budget Value (RUB Billion) 3394.30 900 1600 700 -1100 -800
Government Spending (RUB Billion) 3930.20 4015 4032 4021 4032 4113
Government Revenues (RUB Million) 3003669600.60 8400000 18100000 24300000 33400000 34600000
Fiscal Expenditure (RUB Million) 25670628.90 7500000 16500000 23600000 34500000 35400000
Military Expenditure (USD Million) 55327.20 65000 65000 54124 65000 70000
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) -8.00 -10 -4 -2 -2 2
Manufacturing PMI 51.70 52.6 53 52.5 52.8 53.5
Services PMI (Index Points) 54.40 54.7 54.4 53.6 54 54
Industrial Production (%) 2.40 3.2 3.6 3.2 2.6 3.2
Industrial Production Mom (%) -0.20 12.5 -0.4 2.5 4.5 4.2
Manufacturing Production (%) 0.00 1.72 2.9 2.5 2.2 2.9
Capacity Utilization (%) 65.00 64 64 64.49 65 66
Changes in Inventories (RUB Billion) 1786.60 250 985 1550 -580 -520
Car Production (Thousand Units) 121.60 125 130 123 128 158
Car Registrations 167494.00 165000 155000 150385 171000 178000
Leading Economic Index (%) 1.80 1.4 1.5 1.2 1.1 1.6
Cement Production (Millions of Tonnes ) 6.38 5 7 5.45 3.5 3.8
Composite Pmi 53.90 53.6 54 53.8 53.8 54.5
Bankruptcies (Companies) 3431.00 3420 3250 3160 2810 3090
Corporate Profits (RUB Billion) 11551.60 2700 5000 9500 15100 19700
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -17.00 -22 -17 -16 -12 -7
Retail Sales MoM (%) -0.20 7.5 2 -1.6 25.1 22.8
Retail Sales YoY (%) 3.00 2.5 2.2 1.5 1.6 1.9
Consumer Spending (RUB Billion) 12243.00 11199 11563 11551 11678 11912
Bank Lending Rate (%) 9.00 9 9 9 9 9
Disposable Personal Income (%) 1.40 -1.2 -0.6 -0.4 0.5 1
Gasoline Prices (USD/Liter) 0.68 0.64 0.63 0.61 0.6 0.6
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (%) 1.00 2.5 2.5 2.5 2.5 3
Construction Output (%) 0.10 0.9 1.5 1.1 1 1.7
Home Ownership Rate (%) 87.30 85 85 85 85 85
Housing Starts (Million Sq Meter) 6.80 5.5 5.7 5.6 18.2 20.1


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.