The Russian economy is slowly emerging from recession. With oil prices more or less flat, financial and trade sanctions expected to remain largely in place, and in the absence of any marked institutional reforms, economic growth will stay sluggish – below 2% – even in the medium term.
|Main Economic Indicators||2014||2015||2016||2017||2018||2019|
|Population, 1000 persons.||146091||146406||146675||.||.||.|
|GDP, real change in %||0.7||-2.8||-0.2||1.7||1.7||2.0|
|GDP per capita (EUR at PPP)||18700||17700||17200||.||.||.|
|Gross industrial production, real change in %||1.7||-3.4||1.1||.||.||.|
|Unemployment rate - LFS, in %, average||5.2||5.6||5.3||5.6||5.6||5.5|
|Average gross monthly wages, EUR||640||502||495||.||.||.|
|Consumer prices, % p.a.||7.8||15.5||7.1||5.0||5.0||5.0|
|Fiscal balance in % of GDP||-1.1||-3.4||-3.7||.||.||.|
|Public debt in % of GDP||13.0||13.2||12.9||.||.||.|
|Current account in % of GDP||2.8||5.0||1.9||1.7||1.3||0.9|
|FDI inflow, EUR mn||16655||6163||29776||.||.||.|
|Gross external debt in % of GDP||31.7||38.6||42.1||.||.||.|
Basic data are continuously updated.
* Forecasts are changed beginning of March, July and November.
See Press Conferences.
RUSSIAN FEDERATION: A shallow recovery, external risks remain elevated
in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 107-110 Details and Buy
Monthly Report No. 12/2016
Vasily Astrov, Rumen Dobrinsky, Julia Grübler and Leon Podkaminer
wiiw Monthly Report No. 12, December 2016
45 pages including 2 Table and 5 Figures