The Russian economy is growing again. The inflation target of 4% has been met and the rouble is appreciating. Yet the expected GDP growth will remain below 2% even in the medium run, and will lag behind most of the country’s CESEE peers. No changes in economic policies are expected before next year’s presidential elections. Sanctions and the poor investment climate are there to stay.

map Russia
Main Economic Indicators201420152016201720182019
Population, 1000 persons146091146406146675...
GDP, real change in %0.7-2.5-
GDP per capita (EUR at PPP)187001770016900...
Gross industrial production, real change in %1.7-3.41.1...
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR640502495...
Consumer prices, % p.a.7.815.
Fiscal balance in % of GDP-1.1-3.4-3.7...
Public debt in % of GDP13.013.112.9...
Current account in % of GDP2.
FDI inflow, EUR mn16655616329381...
Gross external debt in % of GDP31.738.642.2...

Basic data are continuously updated.

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


Monthly Report No. 11/2017

Amat Adarov, Vasily Astrov, Julian Hinz, Evgenii Monastyrenko and Sandor Richter
wiiw Monthly Report No. 11, November 2017
47 pages including 3 Table and 21 Figures



RUSSIAN FEDERATION: Growth without convergence

Peter Havlik
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 107-110
Details and Buy