Russia
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Population, 1000 persons | 146765 | 146460 | 145825 | . | . | . |
| GDP, real change in % | 2.2 | -2.7 | 4.7 | -9.0 | -1.5 | 1.0 |
| GDP per capita (EUR at PPP) | 19920 | 18930 | 22490 | . | . | . |
| Gross industrial production, real change in % | 3.4 | -2.1 | 5.3 | . | . | . |
| Unemployment rate - LFS, in %, average | 4.6 | 5.8 | 4.8 | 7.5 | 7.0 | 6.5 |
| Average gross monthly wages, EUR | 660 | 623 | 648 | . | . | . |
| Consumer prices, % p.a. | 4.5 | 3.4 | 6.7 | 20.0 | 14.0 | 4.0 |
| Fiscal balance in % of GDP | 1.9 | -4.0 | 0.8 | -3.0 | 0.0 | 1.0 |
| Public debt in % of GDP | 12.4 | 17.6 | 16.0 | . | . | . |
| Current account in % of GDP | 3.9 | 2.4 | 6.9 | 10.8 | 7.5 | 7.0 |
| FDI inflow, EUR m | 28548 | 8296 | 33639 | . | . | . |
| Gross external debt in % of GDP | 29.0 | 29.2 | 28.2 | . | . | . |
Basic data are continuously updated.
* Forecasts are changed beginning of January, April, July and November.
See Press Conferences.
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RUSSIA: Entering the deepest crisis since the early nineties
Vasily Astrov
in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 107-111
Details and Buy
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Monthly Report No. 03/2022 - Amended Version
Vasily Astrov, Vladislav L. Inozemtsev, Michael Landesmann and Nina Vujanović
wiiw Monthly Report No. 3, March 2022
53 pages including 1 Table and 29 Figures
Tough Western sanctions in response to the Russian invasion of Ukraine will push the economy into deep recession this year and possibly next. Thanks to wide-ranging capital controls and monetary policy tightening, financial stability has been restored, and the rouble has recovered to nearly pre-war levels. However, the full effect of trade sanctions has yet to unfold and, along with the withdrawal of many foreign firms, this will hamper long-term growth prospects.