Russia recorded a Government Debt to GDP of 14.90 percent of the country's Gross Domestic Product in 2023. This dataset provides - Russia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) in Russia was forecast to continuously increase between 2024 and 2029 by in total 5.2 percentage points. After the eighth consecutive increasing year, the ratio is estimated to reach 25.11 percent and therefore a new peak in 2029. This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more statistics on other topics about Russia with key insights such as the growth of the real the gross domestic product, the ratio of government expenditure to the gross domestic product, and the gross domestic product in current prices.

Key information about Russia External Debt: % of GDP

• Russia External Debt accounted for 13.4 % of the country's Nominal GDP in 2024, compared with the ratio of 15.3 % in the previous year.
• Russia External Debt: % of Nominal GDP data is updated yearly, available from Dec 1993 to Dec 2024.
• The data reached an all-time high of 90.9 % in Dec 1999 and a record low of 13.4 % in Dec 2024.

CEIC calculates External Debt as % of Nominal GDP from annual External Debt and annual Nominal GDP. The Bank of Russia provides External Debt in USD based on BPM6. Federal State Statistics Service provides Nominal GDP in local currency based on SNA 2008. The Bank of Russia average market exchange rate is used for currency conversions. External Debt as % of Nominal GDP prior to 2002 is calculated from External Debt based on BPM5. External Debt as % of Nominal GDP prior to 1995 is calculated from Nominal GDP based on SNA 1993.


Related information about Russia External Debt: % of GDP

• In the latest reports of Russia, Current Account recorded a deficit of 1.3 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) fell by 1.2 USD bn in Sep 2024.
• Russia Direct Investment Abroad fell by 1.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment fell by 3.4 USD bn in Sep 2024.
• The country's External Debt reached 290,393.0 in Dec 2024.
• The country's Nominal GDP was reported at 494.7 USD bn in Mar 2023.

The national debt in Russia was forecast to continuously increase between 2024 and 2029 by in total 255.8 billion U.S. dollars (+63.19 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 660.55 billion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.The indicator describes the general government gross debt which consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.Find more statistics on other topics about Russia with key insights such as the share in the global GDP adjusted for purchasing power parity, the ratio of government expenditure to the gross domestic product, and the gross domestic product in current prices.

In 2023, Russia's external debt accounted for 16 percent of its gross domestic product (GDP). The ratio marked a decrease compared to the previous year, when it stood at 17 percent. The share of external debt of Russia in the GDP amounted to 40 percent in 2016, which was the highest figure over the observed period.

In 2024, the gross government debt of China amounted to an estimated 89 percent of the country's gross domestic product (GDP), compared to 21 percent for Russia. For China, this was an increase over 2001 levels, when the gross government debt amounted to 25 percent of the country's GDP. Russia, on the other hand, has reduced this figure from 2001 levels, when gross government debt was 44 percent of the country's GDP.

Key information about Russia National Government Debt

• Russia National Government Debt reached 291.7 USD bn in Jan 2025, compared with 285.6 USD bn in the previous month.
• Russia National Government Debt data is updated monthly, available from May 2009 to Jan 2025.
• The data reached an all-time high of 384.2 USD bn in Jun 2022 and a record low of 86.1 USD bn in May 2009.

CEIC calculates monthly Government Debt as the sum of Public External Debt and Domestic Debt and converts it into USD. The Ministry of Finance of the Russian Federation provides Public External Debt in USD and Domestic Debt in local currency. The Bank of Russia period end market exchange rate is used for currency conversions.


Related information about Russia National Government Debt

• In the latest reports, Russia Consolidated Fiscal Balance recorded a deficit equal to 0.6 % of its Nominal GDP in Jun 2024.
• The country's Government debt accounted for 14.6 % of its Nominal GDP in Mar 2024.
• Russia Nominal GDP reached 494.7 USD bn in Mar 2023.

Graph and download economic data for Outstanding Total International Debt Securities to GDP for Russian Federation (DDDM07RUA156NWDB) from 1996 to 2020 about issues, Russia, debt, and GDP.

Key information about Russia External Debt

• Russia External Debt reached 290.4 USD bn in Dec 2024, compared with 309.1 USD bn in the previous quarter.
• Russia External Debt: USD mn data is updated quarterly, available from Dec 2000 to Dec 2024.
• The data reached an all-time high of 732.8 USD bn in Jun 2014 and a record low of 146.3 USD bn in Dec 2001.

CEIC extends history for quarterly External Debt. The Bank of Russia provides External Debt in USD based on BPM6. External Debt prior to Q4 2002 is based on BPM5.


Related information about Russia External Debt

• In the latest reports of Russia, Current Account recorded a deficit of 1.3 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) fell by 1.2 USD bn in Sep 2024.
• Russia Direct Investment Abroad fell by 1.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment fell by 3.4 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 494.7 USD bn in Mar 2023.

The volume of the national debt in Russia has been increasing over the observed period. As of July 1, 2023, the national debt was close to 20.2 trillion Russian rubles, having increased by around 1.4 trillion Russian rubles over the past six months.

Russia General Government Debt: Gross: as % of GDP data was reported at 23.600 % in 2021. This records an increase from the previous number of 21.200 % for 2020. Russia General Government Debt: Gross: as % of GDP data is updated yearly, averaging 21.200 % from Dec 2019 (Median) to 2021, with 3 observations. The data reached an all-time high of 23.600 % in 2021 and a record low of 15.700 % in 2019. Russia General Government Debt: Gross: as % of GDP data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Russia Premium Database’s Forecast – European Commission's Forecast.

The general government debt occupied approximately 20 percent of Russian GDP in 2020. The figure was projected to decline in the following years and reach nearly 15 percent by 2023.

This scatter chart displays central government debt (% of GDP) against central government debt (% of GDP) and is filtered where the country is Russia. The data is about countries per year.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Russia's external debt was measured at around 318 billion U.S. dollars as of January 1, 2024, which was less than in the previous year. Over the observed period, the debt peaked at the beginning of 2014, when residents of Russia owed nearly 729 billion U.S. dollars to foreign creditors.

This bar chart displays central government debt (% of GDP) by country full name using the aggregation average, weighted by gdp and is filtered where the country is Russia. The data is about countries per year.

International debt issues to GDP (%) in Russia was reported at 13 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - International debt issues to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

This horizontal bar chart displays central government debt (% of GDP) by ISO 3 country code and is filtered where the country is Russia. The data is about countries per year.

The share in the global GDP adjusted for PPP in Russia was forecast to continuously decrease between 2024 and 2029 by in total 0.3 percentage points. After the fifth consecutive decreasing year, the share is estimated to reach 3.23 percent and therefore a new minimum in 2029. Following the definitions provided by the International Monetary Fund, this indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.Find more statistics on other topics about Russia with key insights such as the national debt, the budget balance in relation to the gross domestic product, and the total population.

Government debt as a share of gross domestic product has risen for almost all of Europe's largest economies since the mid-20th century. While until the 1970s it was common for European countries to have debt levels of less than 20 percent of their GDP, with the onset of economic crises related to international financial instability and oil price shocks, the long-term slowdown of economic growth in Europe, and the substantial public spending burdens which states had incurred due to the expansion of welfare and social services, European governments began to amass significant amounts of debt.

Which European countries are the most indebted? Italy stands out as the country in Europe which has experienced the largest secular increase in its government debt level, with the southern European country having debt worth 1.4 times its GDP in 2022. Spain, the United Kingdom, and France have also experienced long-run increase in their debt levels to between 90 and 100 percent in 2022. Germany and Turkey, on the other hand, have experienced more gradual increases in their public debt, with both countries having debt worth less than half their GDP. Russia stands as an outlier, due to the fact that its debt level has fallen dramatically since the 1990s. After the eastern European country's transition from communism and particularly after the financial crisis it experienced in 1998, the Russian state has severely cut back on public expenditure, while also having little need to borrow due to the state ownership of the country's vast natural resources.