External Debt in Russia
Russia - External Debt
Economic conditions seemed to improve somewhat in Q3, after GDP shrank at the sharpest rate in a decade in Q2. In Q3, economic activity fell at a much softer pace than Q2’s average, supported by a gradual recovery in the vital industrial sector, as manufacturing firms continued to ramp up capacity, which partly offset sliding mining output. Moreover, the easing of restrictions should have boosted household spending: The drop in retail sales softened considerably in Q3, which, coupled with an uptick in consumer confidence, points to returning consumer demand. That said, a weaker ruble and rising unemployment rate likely tempered the rebound. Externally, conditions were more downbeat: Merchandise exports continued to slide in July–August amid constrained domestic oil output and depressed global crude prices. Turning to Q4, worsening private sector conditions and surging new Covid-19 cases threaten to derail the fragile recovery.Russia - External Debt Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 38.1 | 40.1 | 32.9 | 27.3 | 28.9 |
Russia External Debt Chart
Source: Central Bank of the Russian Federation (CBR).
Russia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 6.23 | 0.13 % | Dec 30 |
| Exchange Rate | 62.03 | -0.12 % | Dec 30 |
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Economic News
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Russia: Industrial output growth loses pace in June
July 23, 2021
Industrial production grew 10.4% year-on-year in June (May: +12.3% yoy).
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Russia: Central Bank delivers sharpest rate hike in over six years in July
July 23, 2021
At its meeting on 23 July, the Board of Directors of the Central Bank of the Russian Federation (CBR) raised the key interest rate by 100 basis points to 6.50%.
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Russia: Merchandise exports accelerate in May
July 15, 2021
Merchandise exports shot up 65.8% over the same month last year in May (April: +47.7% year-on-year).
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Russia: Inflation comes in at highest level since August 2016 in June
July 8, 2021
Consumer prices rose 0.69% in June over the previous month, broadly in line with May's 0.74% increase.
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Russia: Services PMI eases, but remains elevated in June
July 6, 2021
The IHS Markit Services Purchasing Managers’ Index (PMI) came in at 56.5 in June, down from May's 57.5.
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