Markets Actual Q1/23 Q2/23 Q3/23 Q4/23
Currency 76.55 81.78 87.78 94.21 101
Government Bond 10Y (%) 10.26 11.14 11.35 11.58 11.81

Overview Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) -3.70 -2.4 -1 0.5 -1
Unemployment Rate (%) 3.60 3.8 3.9 4 3.9
Inflation Rate (%) 11.00 4.2 3.8 4.2 6
Inflation Rate MoM (%) 0.50 1 0.6 0.7 0.6
Interest Rate (%) 7.50 7.5 7.5 7.5 7.5
Balance of Trade (USD Million) 21173.00 6000 9000 13000 8700
Current Account (USD Million) 31400.00 25000 20000 12000 10000
Business Confidence (points) -3.30 -5.5 -6.5 -5.4 -4.3
Services PMI (points) 53.10 48.5 51 50.5 51
Manufacturing PMI (points) 53.60 52 50.5 50.3 50.1
Consumer Confidence (points) -19.00 -20 -18 -16 -12
Retail Sales MoM (%) -20.20 5.5 1.8 1.2 12.5
Current Account to GDP (% of GDP) 6.80 6
Government Debt to GDP (% of GDP) 18.20 23
Government Budget (% of GDP) -2.30 -2

GDP Actual Q1/23 Q2/23 Q3/23 Q4/23
GDP Annual Growth Rate (%) -3.70 -2.4 -1 0.5 -1
GDP Constant Prices (RUB Billion) 23057.10 20845 21265 23172 22827
Gross Fixed Capital Formation (RUB Billion) 5173.00 3647 4616 5199 5121
GDP from Agriculture (RUB Billion) 1469.70 438 633 1477 1455
GDP from Construction (RUB Billion) 1288.20 740 1096 1295 1275
GDP from Manufacturing (RUB Billion) 2933.20 2532 2674 2948 2904
GDP from Mining (RUB Billion) 1860.90 1955 1885 1870 1842
GDP from Public Administration (RUB Billion) 1727.00 1617 1653 1736 1710
GDP from Transport (RUB Billion) 1423.80 1358 1362 1431 1410
GDP from Utilities (RUB Billion) 475.50 648 508 478 471
GDP (USD Billion) 1775.80 1500
GDP per Capita (USD) 10216.25 10063
GDP per Capita PPP (USD) 27969.68 27550
Full Year GDP Growth (%) -2.10 -1.5

Labour Actual Q1/23 Q2/23 Q3/23 Q4/23
Unemployment Rate (%) 3.60 3.8 3.9 4 3.9
Employed Persons (Million ) 72.90 72.2 71 70.5 71
Employment Rate (%) 60.10 60.4 60.3 60.7 61
Labor Force Participation Rate (%) 62.20 62.3 62.3 62.5 62.6
Wages (RUB/Month) 88468.00 67024 67171 62560 89795
Wages in Manufacturing (RUB/Month) 61879.00 62926 67171 62560 62807
Wage Growth (%) 0.60 0.4 0.9 1.1 1.5
Productivity (%) 2.80 0.8
Minimum Wages (RUB/Month) 16242.00 17000
Population (Million) 145.60 144

Prices Actual Q1/23 Q2/23 Q3/23 Q4/23
Inflation Rate (%) 11.00 4.2 3.8 4.2 6
Inflation Rate MoM (%) 0.50 1 0.6 0.7 0.6
Consumer Price Index CPI (points) 235.00 237 240 238 246
Core Inflation Rate (%) 12.69 10 8.5 6.4 6
GDP Deflator (points) 159.73 169 168 166 169
Producer Prices (points) 247.91 251 236 247 258
Producer Prices Change (%) -7.50 -11.3 -12 -4 4
Food Inflation (%) 9.33 8.5 6 5 7
Producer Price Inflation MoM (%) 0.90 1.2 1 0.8 0.9

Money Actual Q1/23 Q2/23 Q3/23 Q4/23
Interest Rate (%) 7.50 7.5 7.5 7.5 7.5
Interbank Rate (%) 10.39 10.39 10.39 10.39 10.39
Foreign Exchange Reserves (USD Million) 574247.00 569000 520000 519000 518000
Central Bank Balance Sheet (RUB Million) 48479465.00 50000000 52000000 53500000 55000000
Loans to Private Sector (RUB Million) 39702093.00 38749243 39305072 39900603 39305072
Deposit Interest Rate (%) 5.35 5.35 5.35 5.35 5.35

Trade Actual Q1/23 Q2/23 Q3/23 Q4/23
Balance of Trade (USD Million) 21173.00 6000 9000 13000 8700
Current Account (USD Million) 31400.00 25000 20000 12000 10000
Imports (USD Million) 23165.00 25000 24000 22000 25800
Exports (USD Million) 32307.00 31000 33000 35000 34500
Capital Flows (USD Million) 45763.27 55000 58000 46000 31500
Crude Oil Production (BBL/D/1K) 10377.00 9700 9600 9500 9000
Foreign Direct Investment (USD Million) 13120.00 1600 1600 1700 2000
Current Account to GDP (% of GDP) 6.80 6

Government Actual Q1/23 Q2/23 Q3/23 Q4/23
Government Budget Value (RUB Billion) -2580.00 -2775 -2500 -1150 -3750
Government Spending (RUB Billion) 4351.10 4191 4333 4373 4308
Government Debt (RUB Billion) 18433.45 16400 17000 17300 18000
Fiscal Expenditure (RUB Million) 6206782.00 9500000 21000000 35000000 60000000
Government Debt to GDP (% of GDP) 18.20 23
Government Budget (% of GDP) -2.30 -2

Business Actual Q1/23 Q2/23 Q3/23 Q4/23
Business Confidence (points) -3.30 -5.5 -6.5 -5.4 -4.3
Services PMI (points) 53.10 48.5 51 50.5 51
Manufacturing PMI (points) 53.60 52 50.5 50.3 50.1
Industrial Production (%) -2.40 -2 -1.5 0.5 1
Industrial Production Mom (%) -19.40 11.5 2.3 0.5 11.1
Manufacturing Production (%) -2.30 -1.3 -0.5 0.4 -0.5
Capacity Utilization (%) 64.00 64 63 62 61
Car Registrations (Units) 41851.00 44000 55000 67000 60000
Mining Production (%) -3.10 -1.2 -0.2 1.2 1.1
Composite PMI (points) 53.10 50 50.5 51 51.2
Corporate Profits (RUB Billion) 25925.50 1050 7500 17200 24000

Consumer Actual Q1/23 Q2/23 Q3/23 Q4/23
Consumer Confidence (points) -19.00 -20 -18 -16 -12
Retail Sales MoM (%) -20.20 5.5 1.8 1.2 12.5
Retail Sales YoY (%) -6.60 -5 -2 1.5 0.5
Consumer Spending (RUB Billion) 12883.80 12242 11671 12948 12755
Consumer Credit (RUB Million) 28889771.00 26298627 26531847 27933122 28469357
Bank Lending Rate (%) 9.79 9.79 9.79 9.79 9.79
Households Debt to GDP (% of GDP) 21.00 21 22 22 24
Gasoline Prices (USD/Liter) 0.67 0.73 0.75 0.78 0.81

Housing Actual Q1/23 Q2/23 Q3/23 Q4/23
Housing Index (points) 121.03 137 135 133 128
Housing Starts (Millions Square Metre) 12.20 5.8 5.4 6 18
Construction Output (%) 9.90 10.5 13 13 8
Home Ownership Rate (%) 91.70 92.2