In the second quarter, the economy shrank by a relatively moderate 8%, and the subsequent rebound has been reasonably strong. However, a recent upsurge in new infections and the currency’s weakening will dampen economic activity in the months to come. In the baseline scenario, GDP is expected to decline by 4.5% this year, with a moderate recovery of 2-2.5% per year projected for 2021-2022.

map Russia
Main Economic Indicators201720182019202020212022
Population, 1000 persons146842146831146765...
GDP, real change in %
GDP per capita (EUR at PPP)178001877018880...
Gross industrial production, real change in %
Unemployment rate - LFS, in %, average5.
Average gross monthly wages, EUR595592660...
Consumer prices, % p.a.
Fiscal balance in % of GDP-
Public debt in % of GDP12.612.112.4...
Current account in % of GDP2.
FDI inflow, EUR mn25296745328548...
Gross external debt in % of GDP31.128.329.1...

Basic data are continuously updated.

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


Monthly Report No. 1/2021

Dimitrios Exadaktylos, Mahdi Ghodsi, Julia Grübler, Tatiana Romanova and Roman Stöllinger
wiiw Monthly Report No. 1, January 2021
50 pages including 2 Tables and 30 Figures



RUSSIA: Economic losses manageable so far, but clouds on the horizon

Vasily Astrov
in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 104-108
Details and Buy