Markets Actual Q2 Q3 Q4 Q1 2020
Currency 63.78 66.29 67 67.73 68.46 69.95
Stock Market (points) 2582.40 2463 2429 2395 2362 2297
Government Bond 10Y (%) 8.28 8.52 8.61 8.71 8.81 9.02
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.80 0.4 0.2 0.3 0.3 0.5
GDP Annual Growth Rate (%) 2.70 1.5 1.6 1.5 1.6 2
Unemployment Rate (%) 4.70 5 5 5.1 5.2 5.4
Inflation Rate (%) 5.30 6.1 5.5 5 4.8 4.1
Inflation Rate Mom (%) 0.30 0.4 0.4 0.6 0.5 0.6
Interest Rate (%) 7.75 7.75 7.5 7 6.75 6.5
Balance of Trade (USD Million) 15671.00 13000 14800 19800 17500 19900
Current Account (USD Million) 32800.00 25100 32700 44100 38400 46000
Current Account to GDP (%) 2.20 5.5 5.5 5.5 5 5
Government Debt to GDP (%) 13.50 19 19 19 21 21
Government Budget (% of GDP) 2.70 0.9 0.9 0.9 0.7 0.7
Business Confidence (Index Points) -2.00 -4 -2 -2 -4 2
Manufacturing PMI 52.80 53 52.5 52.8 53 53.5
Services PMI (Index Points) 54.40 54.4 53.6 54 54.2 54
Consumer Confidence (Index Points) -16.00 -17 -16 -12 -8 -7
Retail Sales MoM (%) 8.70 2 -1.6 25.1 6.5 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 Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.80 0.4 0.2 0.3 0.3 0.5
GDP Annual Growth Rate (%) 2.70 1.5 1.6 1.5 1.6 2
GDP (USD Billion) 1577.52 1750 1750 1750 1820 1820
GDP Constant Prices (RUB Billion) 24553.50 21787 23238 24922 24946 25420
Gross Fixed Capital Formation (RUB Billion) 7593.90 4278 4606 7708 7715 7862
GDP per capita (USD) 11441.00 12100 12100 12100 12500 12500
GDP per capita PPP (USD) 24765.95 25400 25400 25400 25900 25900
GDP From Agriculture (RUB Billion) 889.70 675 1461 903 904 921
GDP From Construction (RUB Billion) 2043.80 1125 1391 2074 2077 2116
GDP From Manufacturing (RUB Billion) 2927.70 2619 2717 2972 2975 3031
GDP From Mining (RUB Billion) 2084.50 1964 1903 2116 2118 2158
GDP From Public Administration (RUB Billion) 1643.00 1635 1603 1668 1669 1701
GDP From Transport (RUB Billion) 1460.80 1451 1497 1483 1484 1512
GDP From Utilities (RUB Billion) 630.50 501 463 640 641 653
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 4.70 5 5 5.1 5.2 5.4
Unemployed Persons (Million ) 3.50 3.59 3.47 3.75 3.92 3.96
Employment Rate (%) 59.10 59 59.5 59.5 60 60.4
Labor Force Participation Rate (%) 62.10 62 62.2 62.2 62.5 62.7
Wages (RUB/Month) 45000.00 46031 42275 56403 43762 57643
Wage Growth (%) 0.00 0.4 1.2 1.5 1.7 2.2
Wages in Manufacturing (RUB/Month) 47231.00 40427 39766 47939 48034 48994
Minimum Wages (RUB/Month) 11163.00 12000 12000 12000 12500 12500
Population (Million) 146.90 147 147 147 147 147
Retirement Age Women 55.50 55.5 55.5 55.5 56 56
Retirement Age Men 60.50 60.5 60.5 60.5 61 61
Wages High Skilled (RUB/Month) 48300.00 37750 38051 49024 49121 50103
Wages Low Skilled (RUB/Month) 19900.00 13152 13257 20198 20238 20643
Living Wage Family (RUB/Month) 23700.00 23594 23782 24056 24103 24585
Living Wage Individual (RUB/Month) 14500.00 14859 14978 14718 14746 15041
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 5.30 6.1 5.5 5 4.8 4.1
Inflation Rate Mom (%) 0.30 0.4 0.4 0.6 0.5 0.6
Consumer Price Index CPI (Index Points) 584.90 597 596 604 611 628
Core Consumer Prices (Index Points) 100.30 100 100 100 100 100
Core Inflation Rate (%) 4.60 4.8 5.1 4.9 4.7 4
Producer Prices (Index Points) 682.30 717 726 724 696 742
Producer Prices Change (%) 10.90 5.1 4.5 3.6 3 2.5
Food Inflation (%) 6.70 7.5 7.1 6.5 5.9 4.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 7.75 7.75 7.5 7 6.75 6.5
Interbank Rate (%) 8.39 8.73 8.73 8.73 8.48 8.48
Money Supply M2 (RUB Billion) 46213.20 46497 47290 47900 47900 49200
Foreign Exchange Reserves (USD Million) 487803.00 485000 494000 500000 500000 510000
Central Bank Balance Sheet (RUB Billion) 2817.80 1881 1870 1866 1866 2040
Loans to Private Sector (RUB Million) 27847666.00 26234164 29100099 27786424 27786424 29421346
Deposit Interest Rate (%) 6.24 6.1 6.1 6.1 5.85 5.85
Cash Reserve Ratio (%) 8.00 8 8 8 8 8
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) 15671.00 13000 14800 19800 17500 19900
Current Account (USD Million) 32800.00 25100 32700 44100 38400 46000
Current Account to GDP (%) 2.20 5.5 5.5 5.5 5 5
Imports (USD Million) 18372.00 24900 21400 25600 24600 29900
Exports (USD Million) 34043.00 37900 36200 45400 42100 49800
Gold Reserves (Tonnes) 2119.20 2060 2060 2080 2080 2150
Crude Oil Production (BBL/D/1K) 11051.00 10750 10500 10450 10300 10200
Foreign Direct Investment (USD Million) 1417.00 3600 -2200 7500 9100 9800
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 13.50 19 19 19 21 21
Government Budget (% of GDP) 2.70 0.9 0.9 0.9 0.7 0.7
Government Budget Value (RUB Billion) 545.67 1600 700 -1100 920 -800
Government Spending (RUB Billion) 4067.40 3993 3951 4128 4132 4211
Government Revenues (RUB Million) 5044555.50 18100000 24300000 33400000 9500000 34600000
Fiscal Expenditure (RUB Million) 4478996.30 16500000 23600000 34500000 8500000 35400000
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) -2.00 -4 -2 -2 -4 2
Manufacturing PMI 52.80 53 52.5 52.8 53 53.5
Services PMI (Index Points) 54.40 54.4 53.6 54 54.2 54
Industrial Production (%) 1.20 3.6 3.2 2.6 2.1 2.5
Industrial Production Mom (%) 10.30 -0.4 2.5 4.5 12.9 4.2
Manufacturing Production (%) 0.30 2.9 2.5 2.2 2.3 2.9
Changes in Inventories (RUB Billion) -586.50 985 1550 -580 190 -520
Car Production (Thousand Units) 134.00 130 136 128 129 158
Car Registrations 160180.00 155000 155700 171000 169200 178000
Leading Economic Index (%) 0.60 1.5 1.6 1.5 1.6 2
Composite Pmi 54.60 54 53.8 53.8 54 54.5
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) -16.00 -17 -16 -12 -8 -7
Retail Sales MoM (%) 8.70 2 -1.6 25.1 6.5 22.8
Retail Sales YoY (%) 1.60 2.2 1.5 1.6 1.7 1.9
Consumer Spending (RUB Billion) 12811.80 11563 12308 13004 13017 13264
Bank Lending Rate (%) 9.25 9.23 9.23 9.23 8.98 8.98
Gasoline Prices (USD/Liter) 0.68 0.66 0.64 0.63 0.61 0.61
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (%) 6.30 5.5 5.5 5.5 4.2 4.2
Construction Output (%) 0.20 1.5 1.1 1 1.2 1.7
Home Ownership Rate (%) 87.30 85 85 85 84.4 84.4
Housing Starts (Million Sq Meter) 5.60 5.7 5.6 18.2 5.9 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.