Page 25 - RusRPTSept20

Key macroeconomic indicators
2014
2015 2016 2017 2018 2019 1H20 2020e
GDP
0.7
-2.5 -0.2 1.6 2.3 1.3 - -3.8
Industrial output
1.7
-0.8 1.3 2.1 3.5 2.3 -3.5 -2.7
Retail trade
2.7
-10 -4.6 1.3 2.8 1.6 -6.4 -5.4
Inflation (EOP)
11.4
12.9 5.4 2.5 4.3 3 3.2 4.2
Real wages
1.3
-9.5 0.6 2.9 6.8 2.9 3.4* -4
Current account, $ bn
59.5
69.6 25 35.2 114.9 70.6 22.3 35
Budget deficit, % of GDP
-0.4
-2.5 -3.4 -1.4 2.7 1.8 -0.8** -3.7
RUB/USD (avr)
38.4
61.1 67.1 58.3 62.7 64.8 69.4 69.7
RUB/USD (EOP)
56.2
72.9 60.7 57.6 69.5 61.9 70.4 69.5
Brent $ / bbl (avr)
99
52.4 43.6 54.3 70.8 64.4 40 40
CBR rate
17
11 10 7.75 7.75 6.25 4.5 4.25
Source: Rosstat, BCS GM * 5M20 ** 6M deficit Rb955.88bn; estimate in % to GDP based on MinFin estimates for the NWF
25 RUSSIA Country Report September 2020 www.intellinews.com