Russia Economic Terminal
Auto-updated from primary sources · 01 Jul 2026, 22:51 CET
Russia key rate 14.25%, CPI 5.3% — 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$71.23-2.3%
GAS TTF€43.15-0.7%
GOLD$4,049+0.7%
WHEAT¢601+3.5%
COPPER$6.16-0.5%
EUR/USD1.1383-0.1%
USD/RUB78.270.0%
MOEX2,3450.0%
BRENT$71.23-2.3%
GAS TTF€43.15-0.7%
GOLD$4,049+0.7%
WHEAT¢601+3.5%
COPPER$6.16-0.5%
EUR/USD1.1383-0.1%
USD/RUB78.270.0%
MOEX2,3450.0%
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 |
78.27RUB |
-0.7% |
5.3%May 2026 |
14.25%01 Jul |
+8.9% |
+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) | 11.48 | 02 Jul |
| MOEX Index | 2,345 | 02 Jul |
| 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 2024 |
2.9 |
31.4 |
13.3 |
34.3% |
6,921 |
2,374 |
|
| Germany ref 2024 |
0.9 |
25.6 |
18.0 |
26.5% |
6,143 |
1,630 |
|
| France ref 2024 |
1.3 |
17.2 |
9.6 |
18.5% |
4,288 |
794 |
|
| United Kingdom ref 2024 |
0.6 |
17.1 |
8.0 |
17.7% |
4,293 |
761 |
|
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 |
— |
37 |
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?
14.25% — official policy rate, as of 01 Jul. Source: Bank of Russia.
How high is inflation in Russia?
5.3% year-over-year, May 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 $2,374bn in 2024 against $1,630bn for Germany — the core of Jacques Sapir's argument. Source: World Bank.