Markets Actual Q1/24 Q2/24 Q3/24 Q4/24
Stock Market (points) 3227.05 3202 3163 3123 3084
Currency 91.55 93 94.65 96.34 98.05
Government Bond 10Y (%) 12.78 12.41 12.32 12.24 12.15

Overview Actual Q1/24 Q2/24 Q3/24 Q4/24
GDP Annual Growth Rate (%) 5.50 5 1 0.8 1.5
Unemployment Rate (%) 2.90 3.1 3.2 3.1 3
Inflation Rate (%) 7.40 7.6 6.8 6 5.3
Inflation Rate MoM (%) 0.90 0.2 -0.3 0.4 0.7
Interest Rate (%) 16.00 15 14 13.5 13
Balance of Trade (USD Million) 10219.00 10500 12500 15500 16200
Current Account (USD Million) 10700.00 18000 13000 21000 30000
Manufacturing PMI (points) 52.40 51.9 51 49 50.5
Services PMI (points) 55.80 54 53.9 52.5 54
Business Confidence (points) 5.70 5.6 6.3 6.1 6.2
Retail Sales MoM (%) 16.90 9.9 2.5 -3.5 12.3
Consumer Confidence (points) -13.00 -10 -9 -5 -2
Current Account to GDP (% of GDP) 10.30 4.1
Government Debt to GDP (% of GDP) 17.20 18.1
Government Budget (% of GDP) -1.90 -1.3

GDP Actual Q1/24 Q2/24 Q3/24 Q4/24
GDP Annual Growth Rate (%) 5.50 5 1 0.8 1.5
GDP Constant Prices (RUB Billion) 35304.00 31673 33091 35586 35834
Gross Fixed Capital Formation (RUB Billion) 7544.10 7448 7651 7604 7657
Monthly GDP YoY (%) 4.60 1.7 3.5 3.2 4.3
GDP from Utilities (RUB Billion) 600.60 918 670 605 610
GDP from Construction (RUB Billion) 1688.60 1022 1497 1702 1714
GDP from Transport (RUB Billion) 1901.60 1844 1913 1917 1930
GDP from Public Administration (RUB Billion) 2230.50 2350 2248 2248 2264
GDP from Agriculture (RUB Billion) 2401.00 728 1022 2420 2437
GDP from Mining (RUB Billion) 3898.40 3925 3976 3930 3957
GDP from Manufacturing (RUB Billion) 4661.70 4114 4430 4699 4732
GDP (USD Billion) 2240.42 2296
GDP per Capita (USD) 10030.04 10281
GDP per Capita PPP (USD) 27450.45 28137
Full Year GDP Growth (%) 3.60 2.5

Labour Actual Q1/24 Q2/24 Q3/24 Q4/24
Unemployment Rate (%) 2.90 3.1 3.2 3.1 3
Employed Persons (Million ) 74.20 72.8 72 72 72.3
Unemployed Persons (Million ) 2.20 2.6 2.8 2.7 2.7
Employment Rate (%) 61.30 61.4 61.3 61 61.1
Labor Force Participation Rate (%) 63.00 62.6 62.9 62.8 62.7
Wages (RUB/Month) 103815.00 75543 80894 74043 107760
Wages in Manufacturing (RUB/Month) 73675.00 72867 74697 73754 76475
Wage Growth (%) 8.50 5.9 5.6 4.4 3.8
Productivity (%) -3.60 1.5
Minimum Wages (RUB/Month) 19242.00 19242
Population (Million) 145.60 144

Prices Actual Q1/24 Q2/24 Q3/24 Q4/24
Inflation Rate (%) 7.40 7.6 6.8 6 5.3
Inflation Rate MoM (%) 0.90 0.2 -0.3 0.4 0.7
Consumer Price Index CPI (points) 251.20 254 254 257 262
Core Inflation Rate (%) 7.15 6.2 5.5 4.7 3.7
GDP Deflator (points) 125.06 128 128 133 132
Producer Prices (points) 291.50 318 316 337 316
Producer Prices Change (%) 19.40 25 16.9 12.5 7
Food Inflation (%) 8.10 7.5 6.9 6.1 5.5
Producer Price Inflation MoM (%) -1.40 1 0.7 2 0.8

Money Actual Q1/24 Q2/24 Q3/24 Q4/24
Interest Rate (%) 16.00 15 14 13.5 13
Interbank Rate (%) 17.47 16.47 15.47 14.97 14.47
Central Bank Balance Sheet (RUB Million) 60516725.00 56500000 58900000 63000000 59000000
Foreign Exchange Reserves (USD Million) 585448.00 640000 600000 590000 625000
Loans to Private Sector (RUB Million) 61360000.00 53869200 54567270 58604112 62280400
Deposit Interest Rate (%) 12.89 11.89 10.89 10.39 9.89

Trade Actual Q1/24 Q2/24 Q3/24 Q4/24
Balance of Trade (USD Million) 10219.00 10500 12500 15500 16200
Current Account (USD Million) 10700.00 18000 13000 21000 30000
Imports (USD Million) 28204.00 26500 27500 27000 28600
Exports (USD Million) 38423.00 37000 40000 42500 44800
Capital Flows (USD Million) 9200.00 15700 45600 30600 28000
Crude Oil Production (BBL/D/1K) 10021.00 10250 10500 10550 10600
Current Account to GDP (% of GDP) 10.30 4.1

Government Actual Q1/24 Q2/24 Q3/24 Q4/24
Government Debt (RUB Billion) 19683.31 24500 27500 29000 31000
Government Debt to GDP (% of GDP) 17.20 18.1
Government Budget (% of GDP) -1.90 -1.3

Business Actual Q1/24 Q2/24 Q3/24 Q4/24
Manufacturing PMI (points) 52.40 51.9 51 49 50.5
Services PMI (points) 55.80 54 53.9 52.5 54
Business Confidence (points) 5.70 5.6 6.3 6.1 6.2
Industrial Production Mom (%) -19.30 9.6 2.5 2.3 9.5
Industrial Production (%) 4.60 4 2.5 3 2.8
Manufacturing Production (%) 7.50 2 -1.8 -1 1.5
Capacity Utilization (%) 61.00 61 58 60 60
Car Registrations (Units) 65200.00 82250 75000 80000 85000
Mining Production (%) 0.80 0.3 2 1 0.6
Composite PMI (points) 55.10 52 52.5 53 54
Corporate Profits (RUB Billion) 32071.80 5900 13200 21200 27000

Consumer Actual Q1/24 Q2/24 Q3/24 Q4/24
Retail Sales MoM (%) 16.90 9.9 2.5 -3.5 12.3
Consumer Confidence (points) -13.00 -10 -9 -5 -2
Retail Sales YoY (%) 9.10 7 -6 -6.3 -7
Consumer Spending (RUB Billion) 17641.70 16845 16823 17783 17906
Consumer Credit (RUB Million) 32039044.00 31183181 31787223 32295356 32519630
Bank Lending Rate (%) 16.11 15.11 14.11 13.61 13.11
Gasoline Prices (USD/Liter) 0.62 0.63 0.64 0.65 0.66
Households Debt to GDP (% of GDP) 21.80 25 25 24.8 24.4

Housing Actual Q1/24 Q2/24 Q3/24 Q4/24
House Price Index YoY (%) 7.00 4.2 3.5 3.5 1.5
Construction Output (%) 8.70 5 4.7 4 3.5
Housing Starts (Million Square Metre) 12.10 9 9.3 9.7 11.5