Markets Actual Q1 Q2 Q3 Q4 2020
Currency 64.71 66.65 67.37 68.1 68.83 70.32
Stock Market (points) 2492.70 2450 2416 2382 2348 2282
Government Bond 10Y (%) 8.31 8.52 8.61 8.71 8.81 9.01
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.4 0.4 0.2 0.3 0.5
GDP Annual Growth Rate (%) 1.50 1.2 1.5 1.6 1.5 2
Unemployment Rate (%) 4.90 5.1 5 5 5.1 5.4
Inflation Rate (%) 5.20 5.4 6.1 5.5 5 4.1
Inflation Rate Mom (%) 0.40 0.5 0.4 0.4 0.6 0.6
Interest Rate (%) 7.75 7.75 7.75 7.5 7 6.5
Balance of Trade (USD Million) 13368.00 16000 13000 14800 19800 19900
Current Account (USD Million) 38800.00 32500 25100 32700 44100 46000
Current Account to GDP (%) 2.20 4.8 4.8 4.8 4.8 4.2
Government Debt to GDP (%) 13.50 19 19 19 19 21
Government Budget (% of GDP) 2.70 1.5 1.5 1.5 1.5 1.1
Business Confidence (Index Points) -2.00 -3 -4 -2 -2 2
Manufacturing PMI 50.10 52.6 53 52.5 52.8 53.5
Services PMI (Index Points) 55.30 54.7 54.4 53.6 54 54
Consumer Confidence (Index Points) -17.00 -22 -17 -16 -12 -7
Retail Sales MoM (%) -2.40 7.5 2 -1.6 25.1 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 Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.4 0.4 0.2 0.3 0.5
GDP Annual Growth Rate (%) 1.50 1.2 1.5 1.6 1.5 2
GDP (USD Billion) 1577.52 1750 1750 1750 1750 1820
GDP Constant Prices (RUB Billion) 23114.50 20072 21787 23238 23461 23930
Gross Fixed Capital Formation (RUB Billion) 4581.70 3091 4278 4606 4650 4743
GDP per capita (USD) 11441.00 12100 12100 12100 12100 12500
GDP per capita PPP (USD) 24765.95 25400 25400 25400 25400 25900
GDP From Agriculture (RUB Billion) 1453.50 449 675 1461 1475 1505
GDP From Construction (RUB Billion) 1383.40 716 1125 1391 1404 1432
GDP From Manufacturing (RUB Billion) 2702.40 2198 2619 2717 2743 2798
GDP From Mining (RUB Billion) 1892.90 1886 1964 1903 1921 1960
GDP From Public Administration (RUB Billion) 1594.40 1619 1635 1603 1618 1651
GDP From Transport (RUB Billion) 1489.20 1353 1451 1497 1512 1542
GDP From Utilities (RUB Billion) 460.70 659 501 463 468 477
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 4.90 5.1 5 5 5.1 5.4
Employed Persons (Million ) 71.50 72.5 72.7 73.4 72.8 72.9
Unemployed Persons (Million ) 3.66 3.85 3.59 3.47 3.75 3.96
Employment Rate (%) 59.10 59 59 59.5 59.5 60.4
Labor Force Participation Rate (%) 62.10 62 62 62.2 62.2 62.7
Wages (RUB/Month) 43030.00 42576 46031 42275 56403 57643
Wage Growth (%) 0.70 0.5 0.4 1.2 1.5 2.2
Wages in Manufacturing (RUB/Month) 47231.00 40025 40427 39766 47939 48994
Minimum Wages (RUB/Month) 11163.00 12000 12000 12000 12000 12500
Population (Million) 146.90 147 147 147 147 147
Retirement Age Women 55.50 55.5 55.5 55.5 55.5 56
Retirement Age Men 60.50 60.5 60.5 60.5 60.5 61
Wages High Skilled (RUB/Month) 48300.00 37788 37750 38051 49024 50103
Wages Low Skilled (RUB/Month) 19900.00 13166 13152 13257 20198 20643
Living Wage Family (RUB/Month) 23700.00 23618 23594 23782 24056 24585
Living Wage Individual (RUB/Month) 14500.00 14874 14859 14978 14718 15041
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 5.20 5.4 6.1 5.5 5 4.1
Inflation Rate Mom (%) 0.40 0.5 0.4 0.4 0.6 0.6
Consumer Price Index CPI (Index Points) 582.90 586 597 596 604 628
Core Consumer Prices (Index Points) 100.40 101 100 100 100 100
Core Inflation Rate (%) 4.40 4.6 4.8 5.1 4.9 4
GDP Deflator (Index Points) 116.84 118 119 120 120 125
Producer Prices (Index Points) 676.20 674 717 726 724 742
Producer Prices Change (%) 9.00 7.5 5.1 4.5 3.6 2.5
Food Inflation (%) 6.70 7 7.5 7.1 6.5 4.5
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 7.75 7.75 7.75 7.5 7 6.5
Interbank Rate (%) 8.73 8.72 8.72 8.72 8.72 8.47
Money Supply M0 (RUB Billion) 8989.90 8356 9036 8972 8400 8600
Money Supply M1 (RUB Billion) 20748.28 20311 20421 20297 20000 21400
Money Supply M2 (RUB Billion) 45721.80 45700 46497 47290 47900 49200
Foreign Exchange Reserves (USD Million) 482610.00 480000 485000 494000 500000 510000
Central Bank Balance Sheet (RUB Billion) 2489.50 1882 1881 1870 1866 2040
Loans to Private Sector (RUB Million) 27491225.00 25959214 26234164 29100099 27786424 29421346
Deposit Interest Rate (%) 6.10 6.1 6.1 6.1 6.1 5.85
Cash Reserve Ratio (%) 8.00 8 8 8 8 8
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 13368.00 16000 13000 14800 19800 19900
Current Account (USD Million) 38800.00 32500 25100 32700 44100 46000
Current Account to GDP (%) 2.20 4.8 4.8 4.8 4.8 4.2
Imports (USD Million) 16459.00 22400 24900 21400 25600 29900
Exports (USD Million) 29827.00 38400 37900 36200 45400 49800
Gold Reserves (Tonnes) 2113.00 2045 2060 2060 2080 2150
Crude Oil Production (BBL/D/1K) 10972.00 10900 10750 10500 10450 10200
Foreign Direct Investment (USD Million) -4245.00 8500 3600 -2200 7500 9800
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 13.50 19 19 19 19 21
Government Budget (% of GDP) 2.70 1.5 1.5 1.5 1.5 1.1
Government Budget Value (RUB Billion) 309.63 900 1600 700 -1100 -800
Government Spending (RUB Billion) 3930.20 3975 3993 3951 3989 4069
Government Revenues (RUB Million) 2460788.60 8400000 18100000 24300000 33400000 34600000
Fiscal Expenditure (RUB Million) 1784855.30 7500000 16500000 23600000 34500000 35400000
Military Expenditure (USD Million) 55327.20 65000 65000 54124 65000 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 (Index Points) -2.00 -3 -4 -2 -2 2
Manufacturing PMI 50.10 52.6 53 52.5 52.8 53.5
Services PMI (Index Points) 55.30 54.7 54.4 53.6 54 54
Industrial Production (%) 4.10 3.2 3.6 3.2 2.6 2.5
Industrial Production Mom (%) 0.40 12.5 -0.4 2.5 4.5 4.2
Manufacturing Production (%) 4.60 3.4 2.9 2.5 2.2 2.9
Capacity Utilization (%) 63.00 64 64 64.5 65 66
Changes in Inventories (RUB Billion) 1786.60 250 985 1550 -580 -520
Car Production (Thousand Units) 124.90 125 130 136 128 158
Car Registrations 128406.00 165000 155000 155700 171000 178000
Leading Economic Index (%) 1.50 1.2 1.5 1.6 1.5 2
Cement Production (Millions of Tonnes ) 2.99 5 7 5.45 3.5 3.8
Composite Pmi 54.10 53.6 54 53.8 53.8 54.5
Bankruptcies (Companies) 3013.00 3420 3250 3160 2810 3090
Corporate Profits (RUB Billion) 13797.20 2700 6500 10500 15100 17700
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) -17.00 -22 -17 -16 -12 -7
Retail Sales MoM (%) -2.40 7.5 2 -1.6 25.1 22.8
Retail Sales YoY (%) 2.00 2.5 2.2 1.5 1.6 1.9
Consumer Spending (RUB Billion) 12243.00 11192 11563 12308 12427 12675
Bank Lending Rate (%) 9.23 9.24 9.24 9.24 9.24 8.99
Gasoline Prices (USD/Liter) 0.68 0.66 0.65 0.63 0.61 0.61
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (%) 1.00 2.5 2.5 2.5 2.5 3
Construction Output (%) 0.30 0.9 1.5 1.1 1 1.7
Home Ownership Rate (%) 87.30 85 85 85 85 84.4
Housing Starts (Million Sq Meter) 5.00 5.5 5.7 5.6 18.2 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.