Markets Actual Q1 Q2 Q3 Q4 2020
Currency 61.55 62.47 62.88 63.3 63.72 64.56
Stock Market (points) 3196.88 3050 3022 2994 2966 2911
Government Bond 10Y (%) 6.20 6.31 6.36 6.41 6.46 6.56
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.80 0.8 0.9 1 1.2 1.5
GDP Annual Growth Rate (%) 1.70 1.6 1.8 1.7 2 2.3
Unemployment Rate (%) 4.60 4.8 4.8 5.1 5.1 5
Inflation Rate (%) 3.00 2.4 3.3 3.7 4 4.3
Inflation Rate Mom (%) 0.40 0.3 0.6 0.3 0.6 0.4
Interest Rate (%) 6.25 5.75 5.25 5.25 5.25 5
Balance of Trade (USD Million) 12270.00 17500 14400 13700 19900 18600
Current Account (USD Million) 16300.00 26500 11000 7000 19800 18200
Current Account to GDP (%) 7.00 5.1 5.1 5.1 5.1 4.5
Government Debt to GDP (%) 13.50 17.2 17.2 17.2 17.2 18.5
Government Budget (% of GDP) 2.70 1 1 1 1 0.5
Business Confidence (points) -6.00 -4 -1 1 2 1
Manufacturing PMI (points) 47.50 52 53.4 53.2 53.5 54
Services PMI (points) 53.10 54.2 53.8 53.6 54 54.5
Consumer Confidence (points) -13.00 -10 -5 -6 -7 -7
Retail Sales MoM (%) 0.50 6.5 1.3 -0.5 22.8 21
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 13.00 13 13 13 13 13
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.80 0.8 0.9 1 1.2 1.5
GDP Annual Growth Rate (%) 1.70 1.6 1.8 1.7 2 2.3
GDP (USD Billion) 1657.60 1780 1780 1780 1780 1910
GDP Constant Prices (RUB Billion) 23495.70 20309 21967 23629 23966 24517
Gross Fixed Capital Formation (RUB Billion) 4995.80 3284 4631 4630 4696 4804
GDP per capita (USD) 11729.10 12500 12500 12500 12500 12900
GDP per capita PPP (USD) 27147.30 25900 25900 25900 25900 25900
GDP From Agriculture (RUB Billion) 1420.00 418 603 1428 1448 1482
GDP From Construction (RUB Billion) 1274.80 732 1108 1282 1300 1330
GDP From Manufacturing (RUB Billion) 2795.20 2335 2697 2811 2851 2917
GDP From Mining (RUB Billion) 1982.40 2012 2040 1994 2022 2069
GDP From Public Administration (RUB Billion) 1654.20 1629 1642 1664 1687 1726
GDP From Transport (RUB Billion) 1505.20 1432 1482 1514 1535 1571
GDP From Utilities (RUB Billion) 465.00 645 506 468 474 485
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 4.60 4.8 4.8 5.1 5.1 5
Employed Persons (Million ) 72.70 72.7 72.7 72.7 72.9 73
Unemployed Persons (Million ) 3.51 3.92 3.92 3.92 3.96 3.96
Employment Rate (%) 60.00 60 60 60 60.4 60.7
Labor Force Participation Rate (%) 68.20 62.5 62.5 62.5 62.7 63
Productivity (%) 1.50 2 2 2 2 2
Wages (RUB/Month) 46549.00 47436 50582 46862 47945 49144
Wage Growth (%) 3.80 2.4 2.5 2.9 3 2.5
Wages in Manufacturing (RUB/Month) 44173.00 44505 44651 43832 45498 46636
Minimum Wages (RUB/Month) 11163.00 12500 12500 12500 12500 14500
Population (Million) 146.90 147 147 147 147 147
Retirement Age Women 55.50 56 56 56 56 56.5
Retirement Age Men 60.50 61 61 61 61 61.5
Wages High Skilled (RUB/Month) 48300.00 49459 49508 49701 49749 50993
Wages Low Skilled (RUB/Month) 19900.00 20378 20398 20477 20497 21009
Living Wage Family (RUB/Month) 23700.00 24269 24293 24387 24411 25021
Living Wage Individual (RUB/Month) 14500.00 14848 14863 14921 14935 15308
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 3.00 2.4 3.3 3.7 4 4.3
Inflation Rate Mom (%) 0.40 0.3 0.6 0.3 0.6 0.4
Consumer Price Index CPI (points) 592.60 599 608 609 614 640
Core Consumer Prices (points) 100.10 100 100 100 100 100
Core Inflation Rate (%) 3.10 2.6 3.2 3.5 3.8 4
GDP Deflator (points) 119.17 124 124 124 124 129
Producer Prices (points) 662.50 703 713 686 679 693
Producer Prices Change (%) -6.30 3 2.8 2.6 2.5 2
Food Inflation (%) 4.00 3.3 3.8 4.2 4.5 5.5
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 6.25 5.75 5.25 5.25 5.25 5
Interbank Rate (%) 6.74 6.89 6.89 6.89 6.89 6.89
Money Supply M2 (RUB Billion) 49195.30 48200 48500 48900 49200 49800
Foreign Exchange Reserves (USD Million) 554359.00 540000 545000 550000 544300 565000
Loans to Private Sector (RUB Million) 29568285.00 28449245 28893709 29508234 29928703 30617063
Deposit Interest Rate (%) 4.58 5.85 5.11 5.11 5.85 5.85
Cash Reserve Ratio (%) 8.00 8 8 8 8 8
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 12270.00 17500 14400 13700 19900 18600
Current Account (USD Million) 16300.00 26500 11000 7000 19800 18200
Current Account to GDP (%) 7.00 5.1 5.1 5.1 5.1 4.5
Imports (USD Million) 23166.00 23600 22800 22500 24200 27500
Exports (USD Million) 35436.00 38100 34500 36200 41000 43500
Capital Flows (USD Million) 8601.95 12000 12000 14200 14200 14200
Gold Reserves (Tonnes) 2241.86 2315 2355 2415 2465 2680
Crude Oil Production (BBL/D/1K) 10860.00 10600 10900 10850 10800 10400
Weapons Sales (USD Million) 6409.00 8500 8500 8500 8500 8500
Foreign Direct Investment (USD Million) 10206.00 9100 5000 -1600 9800 9800
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 13.50 17.2 17.2 17.2 17.2 18.5
Government Budget (% of GDP) 2.70 1 1 1 1 0.5
Government Budget Value (RUB Billion) 3025.42 920 920 920 -800 -850
Government Spending (RUB Billion) 4046.20 4057 4068 4066 4124 4219
Government Revenues (RUB Million) 34936334.10 9500000 9500000 9500000 34600000 35800000
Fiscal Expenditure (RUB Million) 30730837.10 8500000 8500000 8500000 35400000 36700000
Military Expenditure (USD Million) 64193.00 70000 70000 70000 70000 70000
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) -6.00 -4 -1 1 2 1
Manufacturing PMI (points) 47.50 52 53.4 53.2 53.5 54
Services PMI (points) 53.10 54.2 53.8 53.6 54 54.5
Industrial Production (%) 0.30 2.1 2.5 2.3 2.5 2.5
Industrial Production Mom (%) -2.50 12.9 -0.8 1.6 4.2 3.8
Manufacturing Production (%) 0.10 2.3 2.6 2.7 2.9 3.2
Capacity Utilization (%) 64.00 65 65 65 66 66
Changes in Inventories (RUB Billion) 1441.30 190 190 190 -520 -440
Car Production (Thousand Units) 139.50 129 145 152 158 165
Car Registrations 179235.00 169200 172000 171200 178000 185000
Leading Economic Index (%) 1.60 1.6 1.8 1.5 2 2.3
Mining Production (%) 1.40 3 3 3 4.2 3.4
Composite Pmi (points) 51.80 54 54.5 54.2 54.5 55
Bankruptcies (Companies) 3088.00 3380 3380 3380 3090 3120
Corporate Profits (RUB Billion) 13001.90 3200 3200 3200 17700 17700
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) -13.00 -10 -5 -6 -7 -7
Retail Sales MoM (%) 0.50 6.5 1.3 -0.5 22.8 21
Retail Sales YoY (%) 2.30 1.7 1.8 1.6 1.9 2.4
Consumer Spending (RUB Billion) 12755.60 11375 11975 11971 12142 12421
Consumer Credit (RUB Million) 17159763.00 15512991 16331002 17107860 17351633 17750721
Bank Lending Rate (%) 8.17 8.17 8.17 8.17 8.17 8.17
Gasoline Prices (USD/Liter) 0.73 0.8 0.82 0.84 0.86 0.86
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (%) 6.30 4.2 4.2 4.2 4.2 3.6
Construction Output (%) 0.20 1.2 1.4 1.5 1.7 2.1
Home Ownership Rate (%) 87.30 84.4 84.4 84.4 84.4 84
Housing Starts (Million Sq Meter) 7.80 5.9 6.2 6.2 20.1 22.4


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.