Russia Government Debt: % of GDP, 2011 – 2024 (2024)

FAQs

What is Russia's debt in 2024? ›

In the latest reports, Russia National Government Debt reached 281.6 USD bn in Feb 2024. The country's Nominal GDP reached 494.7 USD bn in Mar 2023.

Public debt in Russia was 18.9% of GDP in 2022. For more public debt information, visit our dedicated page.

GDP per Capita PPP in Russia is expected to reach 28137.00 USD by the end of 2024, according to Trading Economics global macro models and analysts expectations.

The 2024 budget expects revenues of 35 trillion rubles ($349 billion) with expenditure of 36.6 trillion, based on a Urals oil forecast of $71.30 per barrel, a 90.1 rubles to 1 USD exchange rate and inflation of 4.5%.

Exposure to Russian debt was highest in Italy and France, where upwards of $25 billion was owed each at the end of the third quarter of 2021. In Austria and the U.S., exposure stood at $17.5 billion and $14.7 billion, respectively.

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Feb 2024. The data reached an all-time high of 384.2 USD bn in Jun 2022 and a record low of 86.1 USD bn in May 2009.

Ukraine National Government Debt reached 135.2 USD bn in Feb 2024, compared with 136.1 USD bn in the previous month. Ukraine National Government Debt data is updated monthly, available from Dec 2004 to Feb 2024.

While robust growth is predicted for this year, helped by the Kremlin earmarking 10.8 trillion rubles ($115 billion) for defense spending, Russia's GDP growth is expected to dip sharply from 3.2 percent in 2024 to 1.8 percent in 2025, according to the IMF.

What is the inflation rate in Russia in 2024? ›

Incomes, partially driven by high government spending and the tight labour market, are seen increasing 5.2% in 2024, up from 2.7% growth in the previous forecast. The ministry expects inflation to end the year at 5.1%, above the previous estimate and the central bank's 4% target.

Worldwide gross domestic product in 2022 was at about 12,647 USD per capita. GDP in Russia, on the other hand, reached USD 15,533 per capita, or 2.240 trillion USD for the whole country. Russia is one of the world's largest economies and is currently at rank 8. Inflation in Russia in 2021 was around 6.69%.

On October 23, 1981, America's national debt crossed the $1 trillion mark. It was an unprecedented, staggering, and earth-shattering figure.

China is one of the United States's largest creditors, owning about $859.4 billion in U.S. debt. 1 However, it does not own the most U.S. debt of any foreign country. Nations borrowing from each other may be as old as the concept of money.

Unlike after World War I, the US never really tried to pay down much of the debt it incurred during World War II. Still the debt shrank in significance as the US economy grew. It would take the debt-to-GDP ratio until 1962 just to get back to where the US was before the war.

Based on our algorithmically generated price prediction for Russian Ruble, the price of RUB is expected to decrease by 228.18% in the next month and reach $ 0.058754 on Jun 20, 2024. Additionally, Russian Ruble's price is forecasted to gain 180.36% in the next six months and reach $ 0.050192 on Nov 17, 2024.

U.S. publicly held debt 2013-2024

In March 2024, the public debt of the United States was around 34.59 trillion U.S. dollars, almost two trillion more than in July when it was around 32.6 trillion U.S. dollars.

Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.