Russia Economic Terminal
Auto-updated from primary sources · 19 Aug 2026, 01:36 CET
Russia key rate 14.00%, CPI 6.0% — from 8 primary sources.
Below: cross-country matrix, productive sectors at PPP (Sapir view), 24-month trends, structural signals incl. food-spending shares and quick answers.
BRENT$91.79+0.5%
GAS TTF€63.92+3.5%
GOLD$4,398+0.3%
WHEAT¢682+0.7%
COPPER$6.46+0.2%
EUR/USD1.1576-0.1%
USD/RUB85.16+0.2%
MOEX2,1480.0%
BRENT$91.79+0.5%
GAS TTF€63.92+3.5%
GOLD$4,398+0.3%
WHEAT¢682+0.7%
COPPER$6.46+0.2%
EUR/USD1.1576-0.1%
USD/RUB85.16+0.2%
MOEX2,1480.0%
Key indicators latest available · period shown per value
| Country | FX / USD | FX Δ1Y | CPI YoY | Key rate | Real rate |
GDP 2025 | GDP 2026f | GDP 2027f |
Unemp. | C/A %GDP 2026f | Debt %GDP 2026f |
| Russia |
85.16RUB |
+5.5% |
6.0%Jul 2026 |
14.00%18 Aug |
+8.0% |
+1.0% |
+0.9% |
+1.1% |
3.5%2026 |
+1.8% |
22.5% |
FX Δ1Y: change vs USD over ~12 months, + = currency weakened. CPI marked e = IMF WEO annual-average forecast, shown where monthly national data lags more than 4 months. Real rate = policy rate − CPI YoY. GDP 2026f/2027f: IMF World Economic Outlook forecast. C/A = current account balance. Turkmenistan: manat officially pegged at 3.50/USD since 2015; use official data with caution.
Russia detail
| Indicator | Value | As of |
|---|
| CNY / RUB (official) | 12.62 | 19 Aug |
| MOEX Index | 2,148 | 19 Aug |
| FX reserves incl. gold, $bn | 608 | 2024 |
| Trade openness, % of GDP | 33.7 | 2025 |
| Credit to private sector, % GDP | 54.6 | 2021 |
Productive sectors · Sapir view agriculture + industry incl. construction, valued at PPP
| Country | Agri % | Industry % | of which Mfg % | Productive share | GDP PPP $bn | Productive GDP PPP $bn | |
|---|
| Russia 2025 |
3.1 |
29.7 |
13.7 |
32.7% |
7,236 |
2,368 |
|
| Germany ref 2025 |
0.9 |
25.2 |
17.6 |
26.0% |
6,296 |
1,639 |
|
| France ref 2025 |
1.4 |
16.8 |
9.5 |
18.2% |
4,396 |
799 |
|
| United Kingdom ref 2025 |
0.6 |
16.5 |
7.7 |
17.1% |
4,489 |
769 |
|
Method: following Jacques Sapir's argument that services-heavy nominal GDP understates the weight of economies with large goods-producing sectors, this table values the productive base (agriculture + industry incl. construction, share of GDP) at purchasing power parity. Germany, France and the UK shown for reference. Source: World Bank WDI, latest available year per country. Sector shares are value-added shares of GDP.
Trends
CPI: IMF monthly database (national statistical offices). FX: official central-bank rates, indexed to 100 one year ago — rising line = weaker currency vs USD. Real rate = policy rate minus latest CPI YoY.
Beneath the surface structural signals
| Country | Food % of spend | Price level idx | Remittances %GDP | Credit %GDP | Trade %GDP | Pop. growth |
|---|
| Russia |
— |
35 |
0.1% |
55% |
34% |
-0.11% |
Food % of spend: household spending on food and non-alcoholic beverages as share of consumption — the classic Engel signal, poorer economies spend more (Germany: ~12%). Sources: Eurostat national accounts (EU members), World Bank ICP 2021 benchmark (others). Price level index = nominal GDP ÷ PPP GDP × 100 (US = ~100). Low values signal an undervalued price level — the gap Sapir's PPP argument exploits. Remittance shares above 10% signal external dependence on labor migration. Source: World Bank WDI, latest year.
Quick answers live values, auto-updated
What is Russia's key interest rate?
14.00% — official policy rate, as of 18 Aug. Source: Bank of Russia.
How high is inflation in Russia?
6.0% year-over-year, Jul 2026.
Is Russia's economy bigger than Germany's?
At market exchange rates, no. Valued at purchasing power parity, Russia's productive base (agriculture + industry incl. construction) reached $2,368bn in 2025 against $1,639bn for Germany — the core of Jacques Sapir's argument. Source: World Bank.