Page 9 - Eastern Europe Outlook 2020

3.0​ ​Macro Economy
Russia key economic figures and forecasts
2015 2016 2017 2018 2019e 2020f 2021f
Nominal GDP (EUR bn) 1,224 1,160 1,397 1,400 1,507 1,605 1,595
Real GDP (% yoy) -2.3 0.3 1.6 2.3 1.2 1.6 1.3
Industrial output (% yoy) -3.4 1.1 1 2.9 2.5 3 3
Unemployment rate (avg, %) 5.6 5.5 5.2 4.8 4.8 4.7 4.7
Average gross wages (% yoy) 4.2 7.9 6.5 9 8.5 8.5 8
Producer prices (avg, % yoy) 12.4 4 7 7 7 7 7
Consumer prices (avg, % yoy) 15.6 7.1 3.4 3 4.5 3.6 4
Consumer prices (eop, % yoy) 12.9 5.4 2.5 4.3 3.5 4 4
General budget balance (% of GDP) -3.6 -3.7 -1.5 1.9 1.9 1 0.5
Public debt (% of GDP) 12.7 13.5 13 13 13.2 13.2 13.2
Current account balance (% of GDP) 5.1 2 2.5 7 4.6 3 2.5
Official FX reserves (EUR bn) 339.1 358.1 360.4 409.8 486.5 504.3 508.3
Gross foreign debt (% of GDP) 37.9 39 32.8 27.5 28.2 25.9 24.6
EUR/RUB (avg) 68 74.1 65.9 74 73.1 73.2 77.9
USD/RUB (avg) 61.3 67 58.3 62.8 64.8 64.7 66.5
9​ EASTERN EUROPE Outlook 2020​ ​ ​www.intellinews.com