Markets Actual Q4 Q1 Q2 Q3 2020
Currency 63.98 65.37 65.89 66.4 66.92 67.97
Stock Market (points) 2745.48 2718 2689 2660 2632 2575
Government Bond 10Y (%) 6.67 7.08 7.14 7.21 7.27 7.4
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.20 0.3 0.3 0.4 0.3 0.5
GDP Annual Growth Rate (%) 0.90 1.2 1.6 1.8 1.7 2
Unemployment Rate (%) 4.30 4.5 4.8 4.8 5.1 5.1
Inflation Rate (%) 4.00 3.8 3.2 3 2.9 3
Inflation Rate Mom (%) -0.20 0.6 0.5 0.6 0.3 0.6
Interest Rate (%) 7.00 6.5 6.5 6.25 6.25 6.25
Balance of Trade (USD Million) 12006.00 19800 17500 14400 14400 19900
Current Account (USD Million) 12900.00 44100 38400 30500 35200 46000
Current Account to GDP (%) 7.00 5.5 5 5 5 5
Government Debt to GDP (%) 13.50 19 21 21 21 21
Government Budget (% of GDP) 2.70 0.9 0.7 0.7 0.7 0.7
Business Confidence (Index Points) -2.00 -2 -4 -1 1 2
Manufacturing PMI 46.30 52.8 53 53.4 53.2 53.5
Services PMI (Index Points) 53.60 54 54.2 53.8 53.6 54
Consumer Confidence (Index Points) -13.00 -12 -8 -5 -6 -7
Retail Sales MoM (%) 3.40 25.1 6.5 1.3 -0.5 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 Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.20 0.3 0.3 0.4 0.3 0.5
GDP Annual Growth Rate (%) 0.90 1.2 1.6 1.8 1.7 2
GDP (USD Billion) 1657.60 1750 1820 1820 1820 1820
GDP Constant Prices (RUB Billion) 21835.80 23461 23484 20524 20565 23930
Gross Fixed Capital Formation (RUB Billion) 4603.70 4650 4655 3318 3325 4743
GDP per capita (USD) 11729.10 12100 12500 12500 12500 12500
GDP per capita PPP (USD) 24790.65 25400 25900 25900 25900 25900
GDP From Agriculture (RUB Billion) 599.50 1475 1477 423 423 1505
GDP From Construction (RUB Billion) 1101.50 1404 1406 740 741 1432
GDP From Manufacturing (RUB Billion) 2680.50 2743 2746 2360 2364 2798
GDP From Mining (RUB Billion) 2028.10 1921 1923 2034 2038 1960
GDP From Public Administration (RUB Billion) 1632.70 1618 1620 1646 1649 1651
GDP From Transport (RUB Billion) 1473.30 1512 1513 1447 1450 1542
GDP From Utilities (RUB Billion) 502.80 468 468 652 653 477
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 4.30 4.5 4.8 4.8 5.1 5.1
Wages (RUB/Month) 45100.00 56403 43762 46080 49723 57643
Wage Growth (%) 3.00 2.7 2.4 2.5 2.9 3
Wages in Manufacturing (RUB/Month) 45105.00 47939 48034 44505 44483 48994
Minimum Wages (RUB/Month) 11163.00 12000 12500 12500 12500 12500
Population (Million) 146.90 148 148 148 148 148
Retirement Age Women 55.50 55.5 56 56 56 56
Retirement Age Men 60.50 60.5 61 61 61 61
Wages High Skilled (RUB/Month) 48300.00 49024 49121 49459 49508 50103
Wages Low Skilled (RUB/Month) 19900.00 20198 20238 20378 20398 20643
Living Wage Family (RUB/Month) 23700.00 24056 24103 24269 24293 24585
Living Wage Individual (RUB/Month) 14500.00 14718 14746 14848 14863 15041
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 4.00 3.8 3.2 3 2.9 3
Inflation Rate Mom (%) -0.20 0.6 0.5 0.6 0.3 0.6
Consumer Price Index CPI (Index Points) 587.50 604 611 604 607 628
Core Consumer Prices (Index Points) 100.20 100 100 100 100 100
Core Inflation Rate (%) 4.00 3.9 3.5 3.3 3.1 3.1
Producer Prices (Index Points) 671.10 724 696 703 713 742
Producer Prices Change (%) 0.30 3.6 3 2.8 2.6 2.5
Food Inflation (%) 5.60 4.9 4.5 4.2 3.9 3.5
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 7.00 6.5 6.5 6.25 6.25 6.25
Interbank Rate (%) 7.34 7.34 7.34 7.34 7.34 7.34
Money Supply M2 (RUB Billion) 47585.30 48200 48200 48500 48900 49200
Foreign Exchange Reserves (USD Million) 530923.00 535000 540000 545000 550000 555000
Loans to Private Sector (RUB Million) 29129105.00 27786424 27821120 28751189 28961627 29421346
Deposit Interest Rate (%) 5.27 5.27 5.27 5.27 5.27 5.27
Cash Reserve Ratio (%) 8.00 8 8 8 8 8
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (USD Million) 12006.00 19800 17500 14400 14400 19900
Current Account (USD Million) 12900.00 44100 38400 30500 35200 46000
Current Account to GDP (%) 7.00 5.5 5 5 5 5
Imports (USD Million) 21831.00 25600 24600 25700 23500 29900
Exports (USD Million) 33837.00 45400 42100 40100 38200 49800
Gold Reserves (Tonnes) 2219.18 2260 2315 2355 2415 2465
Crude Oil Production (BBL/D/1K) 10756.00 10650 10700 10900 10850 10800
Foreign Direct Investment (USD Million) 10206.00 7500 9100 5000 -1600 9800
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 13.50 19 21 21 21 21
Government Budget (% of GDP) 2.70 0.9 0.7 0.7 0.7 0.7
Government Spending (RUB Billion) 4043.50 3989 3993 4100 4108 4069
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) -2.00 -2 -4 -1 1 2
Manufacturing PMI 46.30 52.8 53 53.4 53.2 53.5
Services PMI (Index Points) 53.60 54 54.2 53.8 53.6 54
Industrial Production (%) 3.00 2.6 2.1 2.5 2.3 2.5
Industrial Production Mom (%) 2.70 4.5 12.9 -0.8 1.6 4.2
Manufacturing Production (%) 3.20 2.2 2.3 2.6 2.7 2.9
Car Production (Thousand Units) 110.20 128 129 145 152 158
Car Registrations 157129.00 171000 169200 172000 171200 178000
Leading Economic Index (%) 1.60 1.5 1.6 1.8 1.5 2
Composite Pmi 51.40 53.2 54 54.5 54.2 54.5
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) -13.00 -12 -8 -5 -6 -7
Retail Sales MoM (%) 3.40 25.1 6.5 1.3 -0.5 22.8
Retail Sales YoY (%) 0.80 1.6 1.7 1.8 1.6 1.9
Consumer Spending (RUB Billion) 11903.70 12427 12439 11496 11518 12675
Bank Lending Rate (%) 8.70 8.7 8.7 8.7 8.7 8.7
Gasoline Prices (USD/Liter) 0.71 0.63 0.61 0.62 0.6 0.61
Housing Actual Q4 Q1 Q2 Q3 2020
Housing Index (%) 6.30 5.5 4.2 4.2 4.2 4.2
Construction Output (%) 0.30 1 1.2 1.4 1.5 1.7
Home Ownership Rate (%) 87.30 85 84.4 84.4 84.4 84.4
Housing Starts (Million Sq Meter) 5.80 18.2 5.9 6.2 6.2 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.