Markets Actual Q3 Q4 Q1 Q2 2020
Currency 66.86 64.22 64.79 65.36 65.95 67.13
Stock Market (points) 2648.09 2672 2643 2615 2587 2532
Government Bond 10Y (%) 7.35 7.38 7.45 7.53 7.61 7.77
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -0.40 0.4 0.3 0.3 0.4 0.5
GDP Annual Growth Rate (%) 0.90 1.4 1.2 1.6 1.8 2
Unemployment Rate (%) 4.50 5 5.1 5.2 5.1 5.4
Inflation Rate (%) 4.60 4.5 4.2 4.3 4.1 4.1
Inflation Rate Mom (%) 0.20 0.4 0.6 0.5 0.6 0.6
Interest Rate (%) 7.25 7.25 7 6.75 6.75 6.5
Balance of Trade (USD Million) 12508.00 14800 19800 17500 14400 19900
Current Account (USD Million) 12100.00 32700 44100 38400 30500 46000
Current Account to GDP (%) 7.00 5.5 5.5 5 5 5
Government Debt to GDP (%) 13.50 19 19 21 21 21
Government Budget (% of GDP) 2.70 0.9 0.9 0.7 0.7 0.7
Business Confidence (Index Points) -1.00 -2 -2 -4 -1 2
Manufacturing PMI 49.30 52.5 52.8 53 53.4 53.5
Services PMI (Index Points) 50.40 53.6 54 54.2 53.8 54
Consumer Confidence (Index Points) -15.00 -16 -12 -8 -5 -7
Retail Sales MoM (%) 2.30 -1.6 25.1 6.5 1.3 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -0.40 0.4 0.3 0.3 0.4 0.5
GDP Annual Growth Rate (%) 0.90 1.4 1.2 1.6 1.8 2
GDP (USD Billion) 1657.60 1750 1750 1820 1820 1820
GDP Constant Prices (RUB Billion) 20201.10 23438 24848 20524 20565 25345
Gross Fixed Capital Formation (RUB Billion) 3266.10 4646 7685 3318 3325 7839
GDP per capita (USD) 11729.10 12100 12100 12500 12500 12500
GDP per capita PPP (USD) 24790.65 25400 25400 25900 25900 25900
GDP From Agriculture (RUB Billion) 416.00 1474 900 423 423 918
GDP From Construction (RUB Billion) 728.00 1403 2068 740 741 2110
GDP From Manufacturing (RUB Billion) 2322.50 2740 2963 2360 2364 3022
GDP From Mining (RUB Billion) 2001.80 1919 2110 2034 2038 2152
GDP From Public Administration (RUB Billion) 1620.30 1617 1663 1646 1649 1696
GDP From Transport (RUB Billion) 1424.70 1510 1478 1447 1450 1508
GDP From Utilities (RUB Billion) 641.90 467 638 652 653 651
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 4.50 5 5.1 5.2 5.1 5.4
Wages (RUB/Month) 49840.00 42693 57069 46080 49723 58781
Wage Growth (%) 3.50 2.2 2.7 2.4 2.5 3
Wages in Manufacturing (RUB/Month) 47231.00 40158 48506 41165 41205 49961
Minimum Wages (RUB/Month) 11163.00 12000 12000 12500 12500 12500
Population (Million) 146.90 147 147 147 147 147
Retirement Age Women 55.50 55.5 55.5 56 56 56
Retirement Age Men 60.50 60.5 60.5 61 61 61
Wages High Skilled (RUB/Month) 48300.00 38427 49604 49459 49508 51092
Wages Low Skilled (RUB/Month) 19900.00 13388 20437 20378 20398 21050
Living Wage Family (RUB/Month) 23700.00 24017 24340 24269 24293 25070
Living Wage Individual (RUB/Month) 14500.00 15126 14892 14848 14863 15338
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 4.60 4.5 4.2 4.3 4.1 4.1
Inflation Rate Mom (%) 0.20 0.4 0.6 0.5 0.6 0.6
Consumer Price Index CPI (Index Points) 590.20 591 599 610 613 624
Core Consumer Prices (Index Points) 100.20 100 100 100 100 100
Core Inflation Rate (%) 4.50 5.1 4.9 4.7 4.5 4
Producer Prices (Index Points) 675.10 726 724 696 703 742
Producer Prices Change (%) 1.10 4.5 3.6 3 2.7 2.5
Food Inflation (%) 6.30 6.1 6.3 5.9 5.5 4.5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 7.25 7.25 7 6.75 6.75 6.5
Interbank Rate (%) 7.99 8.32 8.32 8.07 8.07 8.07
Money Supply M2 (RUB Billion) 47348.20 46497 47900 47900 48500 49200
Foreign Exchange Reserves (USD Million) 519797.00 494000 500000 500000 495000 510000
Loans to Private Sector (RUB Million) 28558068.00 26841327 27821120 28751189 28961627 28377542
Deposit Interest Rate (%) 5.79 5.73 5.73 5.48 5.48 5.48
Cash Reserve Ratio (%) 8.00 8 8 8 8 8
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 12508.00 14800 19800 17500 14400 19900
Current Account (USD Million) 12100.00 32700 44100 38400 30500 46000
Current Account to GDP (%) 7.00 5.5 5.5 5 5 5
Imports (USD Million) 19968.00 21400 25600 24600 25700 29900
Exports (USD Million) 32476.00 36200 45400 42100 40100 49800
Gold Reserves (Tonnes) 2119.20 2060 2080 2080 2095 2150
Crude Oil Production (BBL/D/1K) 10835.00 10500 10450 10300 10300 10200
Foreign Direct Investment (USD Million) 10206.00 -2200 7500 9100 5000 9800
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 13.50 19 19 21 21 21
Government Budget (% of GDP) 2.70 0.9 0.9 0.7 0.7 0.7
Government Spending (RUB Billion) 4035.60 3985 4116 4100 4108 4199
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) -1.00 -2 -2 -4 -1 2
Manufacturing PMI 49.30 52.5 52.8 53 53.4 53.5
Services PMI (Index Points) 50.40 53.6 54 54.2 53.8 54
Industrial Production (%) 2.80 3.2 2.6 2.1 2.5 2.5
Industrial Production Mom (%) -0.70 2.5 4.5 12.9 -0.8 4.2
Manufacturing Production (%) 2.80 2.5 2.2 2.3 2.6 2.9
Car Production (Thousand Units) 138.00 136 128 129 145 158
Car Registrations 139968.00 155700 171000 169200 172000 178000
Leading Economic Index (%) 1.70 1.6 1.5 1.6 1.8 2
Composite Pmi 50.20 53.8 53.8 54 53.5 54.5
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) -15.00 -16 -12 -8 -5 -7
Retail Sales MoM (%) 2.30 -1.6 25.1 6.5 1.3 22.8
Retail Sales YoY (%) 1.00 1.5 1.6 1.7 1.8 1.9
Consumer Spending (RUB Billion) 11314.80 12414 12966 11496 11518 13225
Bank Lending Rate (%) 9.03 9.14 9.14 8.89 8.89 8.89
Gasoline Prices (USD/Liter) 0.73 0.71 0.69 0.68 0.66 0.66
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (%) 6.30 5.5 5.5 4.2 4.2 4.2
Construction Output (%) 0.20 1.1 1 1.2 1.4 1.7
Home Ownership Rate (%) 87.30 85 85 84.4 84.4 84.4
Housing Starts (Million Sq Meter) 5.90 5.6 18.2 5.9 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.