Russia
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.
| FORECAST* | ||||||
|---|---|---|---|---|---|---|
| Main Economic Indicators | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Population, 1000 persons | 146675 | 146842 | 146837 | . | . | . |
| GDP, real change in % | 0.3 | 1.6 | 2.3 | 1.6 | 1.8 | . |
| GDP per capita (EUR at PPP) | 18000 | 18400 | 19000 | . | . | . |
| Gross industrial production, real change in % | 2.2 | 2.1 | 2.9 | . | . | . |
| Unemployment rate - LFS, in %, average | 5.5 | 5.2 | 4.8 | 4.9 | 4.9 | . |
| Average gross monthly wages, EUR | 494 | 595 | 588 | . | . | . |
| Consumer prices, % p.a. | 7.1 | 3.6 | 2.9 | 5.5 | 4.0 | . |
| Fiscal balance in % of GDP | -3.7 | -1.5 | 3.1 | . | . | . |
| Public debt in % of GDP | 12.9 | 12.6 | 12.1 | . | . | . |
| Current account in % of GDP | 1.9 | 2.1 | 6.9 | 4.3 | 3.3 | . |
| FDI inflow, EUR mn | 29381 | 25296 | 12700 | . | . | . |
| Gross external debt in % of GDP | 42.0 | 31.0 | 28.3 | . | . | . |
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
Details