The Russian economy continues to grow at a slow pace. The unimpressive performance is forecast to last even in the medium term since no improvements in either domestic or external conditions for development are expected. High oil prices currently mitigate the adverse impacts of geopolitical tensions, though both investments and economic restructuring suffer. Chinese-Russian relations are likely to strengthen further.

map Russia
Main Economic Indicators201620172018201920202021
Population, 1000 persons146675146842146837...
GDP, real change in %
GDP per capita (EUR at PPP)180001840019000...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR494595588...
Consumer prices, % p.a.
Fiscal balance in % of GDP-3.7-1.53.1...
Public debt in % of GDP12.912.612.1...
Current account in % of GDP1.
FDI inflow, EUR mn293812529612700...
Gross external debt in % of GDP42.031.028.3...

Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.


Monthly Report No. 2/2019

Andrei V. Belyi, Peter Havlik, Artem Kochnev and Ilya B. Voskoboynikov
wiiw Monthly Report No. 2, February 2019
44 pages including 3 Tables and 30 Figures



RUSSIAN FEDERATION: Falling behind peers on meagre growth

Peter Havlik
in: Riding the Global Growth Wave
wiiw Forecast Report No. Spring 2018, March 2018 , pp. 134-137