Nominal GDP for Russia was US$1777.6bn in 2021, down from US$1700.9bn in 2020. The Russian population was estimated at 145.1m in 2021 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 September 2022.

Source: Eastern Europe Conensus 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:

Main Data Sources for Russia

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 should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.