Markets Actual Q2 Q3 Q4 Q1 2020
Currency 63.03 66.06 66.67 67.28 67.9 69.16
Stock Market (points) 2771.16 2636 2607 2579 2551 2496
Government Bond 10Y (%) 7.45 8.01 8.1 8.18 8.27 8.44
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 (%) 0.50 1.3 1.4 1.2 1.6 2
Unemployment Rate (%) 4.50 5 5 5.1 5.2 5.4
Inflation Rate (%) 5.10 4.7 5.5 5 4.8 4.1
Inflation Rate Mom (%) 0.30 0.4 0.4 0.6 0.5 0.6
Interest Rate (%) 7.50 7.5 7.5 7 6.75 6.5
Balance of Trade (USD Million) 13705.00 13000 14800 19800 17500 19900
Current Account (USD Million) 32800.00 25100 32700 44100 38400 46000
Current Account to GDP (%) 7.00 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) -1.00 -4 -2 -2 -4 2
Manufacturing PMI 49.80 50.5 52.5 52.8 53 53.5
Services PMI (Index Points) 52.00 54.3 53.6 54 54.2 54
Consumer Confidence (Index Points) -16.00 -17 -16 -12 -8 -7
Retail Sales MoM (%) 1.30 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 (%) 0.50 1.3 1.4 1.2 1.6 2
GDP (USD Billion) 1577.52 1750 1750 1750 1820 1820
GDP Constant Prices (RUB Billion) 20201.10 21960 23469 24848 24946 25345
Gross Fixed Capital Formation (RUB Billion) 7593.90 4313 4652 7685 7715 7839
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) 416.00 681 1476 900 904 918
GDP From Construction (RUB Billion) 728.00 1134 1405 2068 2077 2110
GDP From Manufacturing (RUB Billion) 2322.50 2640 2744 2963 2975 3022
GDP From Mining (RUB Billion) 2001.80 1980 1922 2110 2118 2152
GDP From Public Administration (RUB Billion) 1620.30 1648 1619 1663 1669 1696
GDP From Transport (RUB Billion) 1424.70 1463 1512 1478 1484 1508
GDP From Utilities (RUB Billion) 641.90 505 468 638 641 651
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 4.50 5 5 5.1 5.2 5.4
Wages (RUB/Month) 48510.00 46031 42275 56403 45765 57643
Wage Growth (%) 2.80 0.4 1.2 1.5 1.7 2.2
Wages in Manufacturing (RUB/Month) 40200.00 40427 39766 47939 40883 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 49025 49121 50103
Wages Low Skilled (RUB/Month) 19900.00 13152 13257 20199 20238 20643
Living Wage Family (RUB/Month) 23700.00 23594 23782 24056 24103 24585
Living Wage Individual (RUB/Month) 14500.00 14859 14978 14718 14747 15041
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 5.10 4.7 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) 588.50 589 596 604 613 628
Core Consumer Prices (Index Points) 100.30 100 100 100 100 100
Core Inflation Rate (%) 4.70 4.8 5.1 4.9 4.7 4
Producer Prices (Index Points) 698.00 717 726 724 703 742
Producer Prices Change (%) 8.60 5.1 4.5 3.6 3 2.5
Food Inflation (%) 6.70 6.5 6.1 6.3 5.9 4.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 7.50 7.5 7.5 7 6.75 6.5
Interbank Rate (%) 8.40 8.4 8.4 8.4 8.15 7.9
Money Supply M2 (RUB Billion) 46436.50 46497 47290 47900 47900 49200
Foreign Exchange Reserves (USD Million) 495232.00 485000 494000 500000 500000 510000
Loans to Private Sector (RUB Million) 28298414.00 25839144 26876533 27821120 28751189 28377542
Deposit Interest Rate (%) 5.82 5.82 5.82 5.82 5.57 5.32
Cash Reserve Ratio (%) 8.00 8 8 8 8 8
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) 13705.00 13000 14800 19800 17500 19900
Current Account (USD Million) 32800.00 25100 32700 44100 38400 46000
Current Account to GDP (%) 7.00 5.5 5.5 5.5 5 5
Imports (USD Million) 21950.00 24900 21400 25600 24600 29900
Exports (USD Million) 35655.00 37900 36200 45400 42100 49800
Gold Reserves (Tonnes) 2119.20 2060 2060 2080 2080 2150
Crude Oil Production (BBL/D/1K) 10931.00 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 Spending (RUB Billion) 4067.40 4025 3990 4116 4132 4199
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) -1.00 -4 -2 -2 -4 2
Manufacturing PMI 49.80 50.5 52.5 52.8 53 53.5
Services PMI (Index Points) 52.00 54.3 53.6 54 54.2 54
Industrial Production (%) 0.90 1.7 3.2 2.6 2.1 2.5
Industrial Production Mom (%) -2.10 -0.4 2.5 4.5 12.9 4.2
Manufacturing Production (%) -1.00 2.9 2.5 2.2 2.3 2.9
Car Production (Thousand Units) 147.50 130 136 128 129 158
Car Registrations 137624.00 155000 155700 171000 169200 178000
Leading Economic Index (%) 0.20 1.5 1.6 1.5 1.6 2
Composite Pmi 51.50 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 (%) 1.30 2 -1.6 25.1 6.5 22.8
Retail Sales YoY (%) 1.40 2.2 1.5 1.6 1.7 1.9
Consumer Spending (RUB Billion) 12811.80 11655 12431 12966 13017 13225
Bank Lending Rate (%) 9.14 9.23 9.23 9.23 8.98 8.73
Gasoline Prices (USD/Liter) 0.70 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 0.7 1.1 1 1.2 1.7
Home Ownership Rate (%) 87.30 85 85 85 84.4 84.4
Housing Starts (Million Sq Meter) 4.60 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.