Russia

Nominal GDP for Russia was US$ 1447.4bn in 2020, down from US$1700.9bn in 2019. The Russian population was estimated at 145.9m in 2020 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 hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the Bank of Russia, IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP Growth and Consumer Prices (CPI), taken from our survey of March 2021.

Russia Consensus Forecasts for GDP and Consumer Prices

 

 

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:

Main Data Sources for Russia

  • Federal State Statistics Office: "The main objective of the Federal State Statistics Service is to meet the diverse, reliable and timely data demand of the society, federal and regional executive power, media, scientific community, business and international community".
  • Bank of Russia: "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.