Russia Government Debt: % of GDP

2011 - 2023 | Quarterly | % | CEIC Data

Key information about Russia Government Debt: % of GDP

  • Russia Government debt accounted for 16.1 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 15.5 % in the previous quarter.
  • Russia government debt to GDP ratio data is updated quarterly, available from Dec 2011 to Jun 2023.
  • The data reached an all-time high of 17.8 % in Mar 2021 and a record low of 8.5 % in Mar 2012.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. Government Debt is calculated as a sum of Domestic Government Debt and External Government Debt. The Ministry of Finance provides Government Debt in USD and local currency. The Federal State Statistics Service provides Nominal GDP in local currency. The Bank of Russia period end market exchange rate is used for currency conversions.


Related information about Russia Government Debt: % of GDP

  • In the latest reports, Russia National Government Debt reached 281.9 USD bn in Jul 2023.
  • The country's Nominal GDP reached 494.7 USD bn in Mar 2023.

View Russia's Government Debt: % of GDP from Dec 2011 to Jun 2023 in the chart:

Russia Government Debt: % of GDP

What was Russia's Government Debt: % of GDP in Jun 2023?

Russia Government debt accounted for 16.1 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 15.5 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
16.1 Jun 2023 15.5 Mar 2023 8.5 Mar 2012 17.8 Mar 2021 % quarterly Dec 2011 - Jun 2023

Government Debt: % of GDP by Country Comparison

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Includes Government Debt: % of GDP on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 60.8 Mar 2023 quarterly Sep 2010 - Mar 2023
Algeria (%) 62.1 2021 yearly 1997 - 2021
Argentina (%) 80.3 Mar 2023 quarterly Dec 2004 - Mar 2023
Armenia (%) 47.5 Jun 2023 quarterly Dec 2013 - Jun 2023
Australia (%) 42.3 2022 yearly 1999 - 2022
Austria (%) 80.6 Mar 2023 quarterly Mar 2000 - Mar 2023
Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
Bahrain (%) 85.2 Mar 2023 quarterly Dec 2007 - Mar 2023
Bangladesh (%) 20.6 2022 yearly 2010 - 2022
Belarus (%) 36.1 Mar 2022 quarterly Dec 2003 - Mar 2022
Belgium (%) 107.4 Mar 2023 quarterly Dec 1980 - Mar 2023
Bolivia (%) 27.2 2014 yearly 1998 - 2014
Bosnia and Herzegovina (%) 24.4 2021 yearly 2007 - 2021
Botswana (%) 17.9 Dec 2021 quarterly Jun 2014 - Dec 2021
Brazil (%) 73.6 Jun 2023 quarterly Dec 2006 - Jun 2023
Bulgaria (%) 23.1 Sep 2022 quarterly Mar 2007 - Sep 2022
Cambodia (%) 33.7 2022 yearly 2013 - 2022
Canada (%) 66.4 2023 yearly 1962 - 2023
Chile (%) 37.3 Mar 2023 quarterly Mar 2002 - Mar 2023
China (%) 21.4 Mar 2023 quarterly Mar 2014 - Mar 2023
Colombia (%) 62.9 Dec 2022 quarterly Dec 2005 - Dec 2022
Croatia (%) 68.8 Dec 2022 quarterly Dec 1995 - Dec 2022
Cyprus (%) 86.1 Jun 2023 quarterly Dec 2010 - Jun 2023
Czech Republic (%) 44.5 Mar 2023 quarterly Mar 2000 - Mar 2023
Denmark (%) 29.4 Mar 2023 quarterly Mar 2000 - Mar 2023
Ecuador (%) 65.1 Mar 2023 quarterly Dec 2005 - Mar 2023
Egypt (%) 68.6 Jun 2020 quarterly Jun 2006 - Jun 2020
Estonia (%) 17.2 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 83.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Finland (%) 72.5 Mar 2023 quarterly Mar 2000 - Mar 2023
France (%) 112.5 Mar 2023 quarterly Dec 1995 - Mar 2023
Georgia (%) 37.5 Mar 2023 quarterly Mar 2006 - Mar 2023
Germany (%) 65.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Ghana (%) 70.7 2022 yearly 2006 - 2022
Greece (%) 168.4 Mar 2023 quarterly Dec 1999 - Mar 2023
Hong Kong SAR, China (%) 47.6 2022 yearly 2003 - 2022
Hungary (%) 71.5 Jun 2023 quarterly Dec 1990 - Jun 2023
Iceland (%) 68.7 2022 yearly 1998 - 2022
India (%) 55.7 Mar 2023 quarterly Mar 2012 - Mar 2023
Indonesia (%) 38.1 Jun 2023 quarterly Jun 2015 - Jun 2023
Iran (%) 8.8 Mar 2022 quarterly Mar 1998 - Mar 2022
Ireland (%) 43.6 Mar 2023 quarterly Mar 2000 - Mar 2023
Israel (%) 67.1 2021 yearly 1995 - 2021
Italy (%) 145.2 Jun 2023 quarterly Dec 1995 - Jun 2023
Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
Japan (%) 224.0 Jun 2023 quarterly Dec 1994 - Jun 2023
Jordan (%) 90.7 Mar 2023 quarterly Mar 2002 - Mar 2023
Kazakhstan (%) 22.2 Dec 2022 quarterly Mar 2005 - Dec 2022
Kenya (%) 0.1 Mar 2023 quarterly Dec 2009 - Mar 2023
South Korea (%) 47.8 Dec 2022 quarterly Sep 2002 - Dec 2022
Kosovo (%) 19.9 2022 yearly 2009 - 2022
Kuwait (%) 3.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Kyrgyzstan (%) 47.9 Jun 2023 quarterly Mar 2011 - Jun 2023
Latvia (%) 42.9 Mar 2023 quarterly Mar 2000 - Mar 2023
Lebanon (%) 150.6 2020 yearly 1998 - 2020
Lithuania (%) 38.4 Mar 2023 quarterly Mar 2000 - Mar 2023
Luxembourg (%) 28.4 Mar 2023 quarterly Dec 1997 - Mar 2023
North Macedonia (%) 53.2 Jun 2023 quarterly Dec 2009 - Jun 2023
Malawi (%) 66.0 2014 yearly 2010 - 2014
Malaysia (%) 63.3 Jun 2023 quarterly Dec 2010 - Jun 2023
Malta (%) 52.4 Mar 2023 quarterly Dec 2000 - Mar 2023
Mauritius (%) 69.2 Jun 2023 quarterly Jun 2003 - Jun 2023
Mexico (%) 53.3 Jun 2023 quarterly Dec 2005 - Jun 2023
Moldova (%) 32.8 Mar 2023 quarterly Mar 2007 - Mar 2023
Mongolia (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Montenegro (%) 68.2 Mar 2023 quarterly Dec 2010 - Mar 2023
Morocco (%) 71.6 2022 yearly 1994 - 2022
Nepal (%) 27.2 2019 yearly 1990 - 2019
Netherlands (%) 48.3 Mar 2023 quarterly Dec 1999 - Mar 2023
New Zealand (%) 37.0 Mar 2023 quarterly Dec 2006 - Mar 2023
Nigeria (%) 21.6 Mar 2023 quarterly Dec 2010 - Mar 2023
Norway (%) 42.5 2021 yearly 1995 - 2021
Oman (%) 61.3 2021 yearly 1990 - 2021
Pakistan (%) 71.6 2022 yearly 2000 - 2022
Palestinian Territory (%) 74.3 Mar 2023 quarterly Dec 2010 - Mar 2023
Panama (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
Paraguay (%) 33.2 Mar 2023 quarterly Dec 2014 - Mar 2023
Peru (%) 32.2 Jun 2023 quarterly Mar 1999 - Jun 2023
Philippines (%) 61.0 Jun 2023 quarterly Mar 1993 - Jun 2023
Poland (%) 48.4 Jun 2023 quarterly Dec 2002 - Jun 2023
Portugal (%) 111.2 Jun 2023 quarterly Dec 1995 - Jun 2023
Qatar (%) 15.0 2012 yearly 2006 - 2012
Romania (%) 48.4 Jun 2023 quarterly Dec 2011 - Jun 2023
Russia (%) 16.1 Jun 2023 quarterly Dec 2011 - Jun 2023
Saudi Arabia (%) 24.3 Jun 2023 quarterly Dec 2016 - Jun 2023
Serbia (%) 56.5 Mar 2023 quarterly Sep 2004 - Mar 2023
Singapore (%) 171.1 Jun 2023 quarterly Mar 1990 - Jun 2023
Slovakia (%) 57.8 Dec 2022 quarterly Mar 2000 - Dec 2022
Slovenia (%) 69.9 Dec 2022 quarterly Dec 1999 - Dec 2022
South Africa (%) 72.7 Jun 2023 quarterly Dec 1960 - Jun 2023
Spain (%) 112.8 Mar 2023 quarterly Mar 1995 - Mar 2023
Sri Lanka (%) 103.8 Mar 2023 quarterly Mar 2014 - Mar 2023
Sweden (%) 31.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Switzerland (%) 25.1 2026 yearly 1990 - 2026
Taiwan (%) 29.7 2022 yearly 1996 - 2022
Tajikistan (%) 36.3 2021 yearly 1999 - 2021
Thailand (%) 53.9 Jun 2023 quarterly Dec 1997 - Jun 2023
Tunisia (%) 79.7 Dec 2021 monthly Apr 2011 - Dec 2021
Turkey (%) 31.2 Mar 2023 quarterly Dec 2001 - Mar 2023
Ukraine (%) 71.6 Dec 2022 quarterly Dec 2010 - Dec 2022

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Russia Key Series

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Includes 273 key indicators for Russia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.7 Jun 2023 quarterly Dec 1993 - Jun 2023
Consolidated Fiscal Balance (USD mn) -1,271.674 Jun 2023 monthly Jan 1993 - Jun 2023
Tax Revenue (USD mn) 193,583.790 Jun 2023 monthly Jan 1996 - Jun 2023
Tax Revenue: % of GDP (%) 21.3 Jun 2023 quarterly Mar 1996 - Jun 2023
National Government Debt (USD mn) 281,926.5 Jul 2023 monthly May 2009 - Jul 2023
Government Debt: % of GDP (%) 16.1 Jun 2023 quarterly Dec 2011 - Jun 2023
Forecast: Government Expenditure (RUB bn) 62,113.434 2028 yearly 1998 - 2028
Forecast: Government Net Debt (RUB bn) 41,214.814 2028 yearly 1997 - 2028
Forecast: Government Revenue (RUB bn) 62,517.517 2028 yearly 1998 - 2028
Consolidated Government Revenue: ytd: Taxes & Contributions for Social Needs (RUB bn) 4,971.570 Jun 2023 monthly Jun 2006 - Jun 2023
Consolidated Government Revenue: ytd: ow Excise Tax: Goods Imported in Russia (RUB bn) 57.223 May 2023 monthly Aug 2003 - May 2023
Consolidated Government Revenue: ytd: ow Excise Tax: Goods Produced in Russia (RUB bn) 96.332 May 2023 monthly Aug 2003 - May 2023
Consolidated Government Revenue: ytd: ow VAT: Goods, Works, Services Imported in... (RUB bn) 1,626.461 May 2023 monthly Jan 2005 - May 2023
Consolidated Government Budget Balance: ytd (RUB bn) -2,462.459 Jun 2023 monthly Jan 1993 - Jun 2023
Domestic Debt (RUB bn) 20,539.025 Jul 2023 monthly Dec 2008 - Jul 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.711 2028 yearly 1993 - 2028
Trade Balance (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Total Exports (USD mn) 32,935.8 Jan 2023 monthly Jan 1998 - Jan 2023
Total Exports Growth (%) -28.2 Jan 2023 monthly Jan 1999 - Jan 2023
Aluminum: Exports (USD th) 7,854,138.748 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 669,474.170 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 853,839.583 2022 yearly 1995 - 2022
Total Imports (USD mn) 22,203.9 Jan 2023 monthly Jan 1998 - Jan 2023
Total Imports Growth (%) -4.8 Jan 2023 monthly Jan 1999 - Jan 2023
Imports: Medicament (USD th) 9,142,933.576 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 3,782,568.965 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 968.400 Jan 2022 monthly Mar 2004 - Jan 2022
Total Imports from USA (USD mn) 1,311.100 Jan 2022 monthly Jan 1992 - Jan 2022
Total Exports to China (USD mn) 5,804.600 Jan 2022 monthly Mar 2004 - Jan 2022
Total Imports from China (USD mn) 7,204.900 Jan 2022 monthly Jan 1992 - Jan 2022
Foreign Trade Balance: Central Bank (USD mn) 5,489.000 Jul 2023 monthly Jan 1997 - Jul 2023
Foreign Trade Turnover: CB: Quarterly: Export of Services: sa (USD bn) 15.431 Dec 2021 quarterly Mar 1994 - Dec 2021
Foreign Trade Turnover: CB: Quarterly: Import of Services: sa (USD bn) 21.231 Dec 2021 quarterly Mar 1994 - Dec 2021
MED Forecast: Export Products: Conservative Scenario (USD bn) 463.594 2024 yearly 2020 - 2024
MED Forecast: Import Products: Baseline Scenario (USD bn) 330.312 2025 yearly 2020 - 2025
MED Forecast: Import Products: Conservative Scenario (USD bn) 317.603 2024 yearly 2020 - 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 197.5 Mar 2023 quarterly Mar 1994 - Mar 2023
Current Account Balance (USD mn) 2,800.0 Aug 2023 monthly Jan 2012 - Aug 2023
Current Account Balance: % of GDP (%) 1.1 Jun 2023 quarterly Mar 1994 - Jun 2023
Foreign Direct Investment (USD mn) -8,248.4 Mar 2023 quarterly Mar 1994 - Mar 2023
Foreign Direct Investment: % of GDP (%) 0.1 Dec 2022 quarterly Mar 1994 - Dec 2022
Foreign Portfolio Investment (USD mn) -4,069.680 Mar 2023 quarterly Mar 1994 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) -0.8 Mar 2023 quarterly Mar 1994 - Mar 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -7,817.4 Dec 2022 quarterly Mar 1994 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -3,942.900 Mar 2023 quarterly Mar 1994 - Mar 2023
External Debt (USD mn) 357,906.0 Mar 2023 quarterly Dec 2000 - Mar 2023
External Debt: % of GDP (%) 17.0 2022 yearly 1993 - 2022
External Debt: Short Term (USD mn) 67,750.5 Mar 2023 quarterly Dec 2001 - Mar 2023
External Debt: Short Term: % of GDP (%) 3.1 2022 yearly 2001 - 2022
Forecast: Current Account Balance (USD bn) 49.029 2028 yearly 1992 - 2028
Net International Investment Position (USD mn) 510,850.330 Jun 2022 quarterly Dec 2013 - Jun 2022
RU: BoP: Financial Account: Official Reserve Assets (USD mn) 15,384.980 Dec 2019 quarterly Mar 1994 - Dec 2019
RU: BoP: Net Errors & Omissions (USD mn) 1,003.680 Dec 2019 quarterly Mar 1994 - Dec 2019
RU: BoP: Financial Account: Other Investment: Liabilities (USD mn) 261.490 Dec 2019 quarterly Mar 1994 - Dec 2019
BoP: Current Account: sa: Goods (USD mn) 59,772.000 Dec 2021 quarterly Mar 1994 - Dec 2021
BoP: Current Account: sa: Goods: Exports (USD mn) 139,127.000 Dec 2021 quarterly Mar 1994 - Dec 2021
BoP: Current Account: sa: Goods: Imports (USD mn) 79,354.000 Dec 2021 quarterly Mar 1994 - Dec 2021
BoP: Current Account: sa: Services: Exports (USD mn) 15,431.000 Dec 2021 quarterly Mar 1994 - Dec 2021
BoP: Current Account: sa: Services: Imports (USD mn) 21,231.000 Dec 2021 quarterly Mar 1994 - Dec 2021
BoP: Current Account: sa: Primary Income (USD mn) -11,243.000 Mar 2023 quarterly Mar 1994 - Mar 2023
BoP: Current Account: sa: Services (USD mn) -5,800.000 Dec 2021 quarterly Mar 1994 - Dec 2021
BoP: Current Account: sa: Primary Income: Receivable (USD mn) 9,022.000 Mar 2023 quarterly Mar 1994 - Mar 2023
BoP: Current Account: sa: Primary Income: Payable (USD mn) 20,264.000 Mar 2023 quarterly Mar 1994 - Mar 2023
BoP: Current Account: sa: Secondary Income (USD mn) -2,007.000 Mar 2023 quarterly Mar 1994 - Mar 2023
BoP: Current Account: sa: Secondary Income: Receivable (USD mn) 2,751.000 Mar 2023 quarterly Mar 1994 - Mar 2023
BoP: Current Account: sa: Secondary Income: Payable (USD mn) 5,416.000 Dec 2022 quarterly Mar 1994 - Dec 2022
BoP: NP: FA: Financial Derivatives: Net Acquisition of Financial Assets (USD mn) -941.740 Mar 2023 quarterly Mar 2000 - Mar 2023
BoP: NP: FA: Reserve Assets (USD mn) -5,122.960 Mar 2023 quarterly Mar 2000 - Mar 2023
BoP: NP: FA: Direct Investment: Net Incurrence of Liabilities (USD mn) 1,416.580 Dec 2018 quarterly Mar 2000 - Dec 2018
BoP: CA: Secondary Income: FC: Personal Transfers: Credit (USD mn) 1,195.990 Dec 2018 quarterly Mar 1994 - Dec 2018
BoP: CA: Secondary Income: FC: Personal Transfers: Debit (USD mn) 3,693.690 Dec 2018 quarterly Mar 1994 - Dec 2018
BoP: CA: Secondary Income: FC: Personal Transfers (Current Transfers between Res... (USD mn) -2,497.700 Dec 2018 quarterly Mar 1994 - Dec 2018
FDI: BoP Data: Inward (USD mn) 13,120.334 Dec 2021 quarterly Mar 1994 - Dec 2021
FDI: BoP Data: Outward (USD mn) 27,837.445 Dec 2021 quarterly Mar 1994 - Dec 2021
External Debt: Long Term (USD mn) 287,000.240 Mar 2023 quarterly Dec 2002 - Mar 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 16.8 Nov 2020 monthly Jun 2009 - Nov 2020
Household Debt: % of GDP (%) 20.2 Jun 2023 quarterly Dec 2000 - Jun 2023
Money Supply M1 (USD mn) 544,273.744 Jul 2023 monthly Dec 2007 - Jul 2023
Money Supply M2 (USD mn) 970,495.162 Jul 2023 monthly Jun 1992 - Jul 2023
M2 Growth (%) 24.7 Jul 2023 monthly Dec 1992 - Jul 2023
Reserve Requirement Ratio (%) 4.5 Aug 2023 monthly Jul 2004 - Aug 2023
Foreign Exchange Reserves (USD mn) 408,794.0 Aug 2023 monthly Dec 1996 - Aug 2023
Foreign Exchange Reserves: % of GDP (%) 17.865 Jun 2023 quarterly Dec 2011 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 19.1 Jan 2023 monthly Jan 1998 - Jan 2023
Gold Reserves (USD mn) 144,738.000 Aug 2023 monthly Dec 1993 - Aug 2023
Total Deposits (USD mn) 972,721.967 Jan 2022 monthly Jan 1998 - Jan 2022
Total Deposits Growth (%) 14.1 Jan 2022 monthly Jan 1999 - Jan 2022
Domestic Credit (USD mn) 1,146,841.6 Jul 2023 monthly Dec 2000 - Jul 2023
Domestic Credit Growth (%) 26.3 Jul 2023 monthly Dec 2001 - Jul 2023
Debt Service Ratio: Private Non-Financial Sector (%) 11.700 Dec 2022 quarterly Mar 1999 - Dec 2022
Credit to Households (USD bn) 444.504 Dec 2022 quarterly Mar 1998 - Dec 2022
Credit to Private Non-Financial Sector (USD bn) 1,974.843 Dec 2022 quarterly Jun 1995 - Dec 2022
Household Debt (USD mn) 352,772.5 Jul 2023 monthly Dec 2000 - Jul 2023
Total Loans (USD mn) 1,073,560.808 Jul 2023 monthly Sep 2002 - Jul 2023
Total Loans Growth (%) 25.14 Jul 2023 monthly Sep 2003 - Jul 2023
Private Debt: % of Nominal GDP (%) 55.76 Jun 2023 quarterly Sep 2002 - Jun 2023
Money Supply: M2: M1: M0: Cash (RUB bn) 17,246.000 Jul 2023 monthly Dec 1991 - Jul 2023
Official Reserve Assets (USD mn) 581,659.000 Aug 2023 monthly Dec 1996 - Aug 2023
Banking System Survey: Domestic Claims (RUB mn) 54,882,039.000 Apr 2019 monthly Dec 2014 - Apr 2019
Banking Deposits: Corporate (RUB mn) 39,135,058.021 Jul 2023 monthly Jan 1998 - Jul 2023
Loans Debt (RUB bn) 97,670.737 Jul 2023 monthly Sep 2002 - Jul 2023
Loans: As % of Total: Loss (%) 7.379 Nov 2020 monthly Jun 2009 - Nov 2020
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 7.0 Jul 2023 monthly Jan 2006 - Jul 2023
Entrepreneur Confidence Indicator: Construction (% Point) -20.000 Mar 2019 quarterly Jun 2002 - Mar 2019
Entrepreneur Confidence Indicator: OKVED2: Mining & Quarrying (% Point) 3.000 Aug 2023 monthly Jan 2017 - Aug 2023

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