Nominal GDP for Russia was $2,168bn in 2024, up from $2,074bn in 2023. The Russian population was estimated at 144.8m in 2024 according to the IMF, while China is Russia’s biggest trading partner.
Variables Surveyed for Russia
Variables covered in our monthly analysis of Russia include:
- Gross Domestic Product (GDP)
- Household Consumption
- Gross Fixed Investment
- Industrial Production
- Consumer Price Inflation
- Real Average Monthly Wages
- Money Supply
- Federal Government Budget Balance
- Merchandise Exports
- Merchandise Imports
- Trade Balance
- Current Account Balance
- Foreign Currency Reserves
- Interest Rates
- Rouble Currency Forecasts
- Monthly Inflation Forecasts
Consensus Forecasts for Russia
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. In the PDF report, we also show selected “comparison forecasters” including the Bank of Russia, IMF, OECD, and European Commission. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Eastern Europe Consensus Forecasts, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Russia on topics such as:- Quarterly Forecasts
- Long-Term Forecasts
- Forecast Probabilities
- Sectoral Growth and Foreign Direct Investment
Main Data Sources for Russia
- Federal State Statistics Service: Federal'naya sluzhba gosudarstvennoi statistiki is the official statistics office of Russia.
- The Central Bank of Russian Federation: The mission of the Bank of Russia is to ensure financial and pricing stability and to contribute to the development of a competitive financial market.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across Eastern Europe
Alongside this country forecast, explore the other economies covered by our Eastern Europe forecast report.