Russia Government Debt to GDP (2024)

FAQs

Russia Government Debt to GDP? ›

Russia Government debt accounted for 14.9 % of the country's Nominal GDP in Dec 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 Dec 2023.

The national debt in Russia was forecast to continuously increase between 2024 and 2029 by in total 172 billion U.S. dollars (+42.1 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 580.55 billion U.S. dollars and therefore a new peak in 2029.

Russia debt to gdp ratio for 2022 was 0.00%, a 20.94% decline from 2021. Russia debt to gdp ratio for 2021 was 20.94%, a 2.05% decline from 2020. Russia debt to gdp ratio for 2020 was 22.99%, a 5.72% increase from 2019. Russia debt to gdp ratio for 2019 was 17.28%, a 1.11% increase from 2018.

Public Debt in Ukraine

Public debt averaged 64.0% of GDP in the decade to 2022, above the average for Eastern Europe of 32.5% of GDP. Public debt in Ukraine was 78.5% of GDP in 2022.

Yes, but it is much smaller compared to the Russian economy than America's is to the American economy. Russia's debt-to-GDP is 17.20%. To put that in perspective, America would have to have a national debt of $4 trillion or so for the two nations to be somewhat comparable.

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

The macro leverage ratio, which measures total outstanding nonfinancial debt as a share of nominal gross domestic product, rose to 287.8% in 2023, 13.5 percentage points higher than a year ago, according to a report by the National Institution for Finance and Development (NIFD).

The total external debt is at about USD 513 billion (33% of GDP), government's internal debt at 115 billion (about 7 % of GDP), and the internal non-government debt is at a 835 billion (about 55% of GDP). The current currency reserves of Russia stand at 456 billion, which covers 89% of all our external debt.

Russia has accumulated large foreign currency reserves and has a trade profile that keeps earning foreign currency. The country has a very small public sector which has accumulated a much smaller external debt than the economies of Turkey, India, China, and Argentina.

Did Russia pay off Africa's debt? ›

President Vladimir Putin on Friday said Russia has written off debts of African states worth $23 billion. Speaking at the second Russia-Africa summit in St. Petersburg, Putin said 90% of debts of African countries were settled, with no more "direct" debts but some financial obligations.

The economy of Greece is offically reported as having a debt-to-GDP ratio of 159.0%, indicating Greece's debt level is $365 Billion. World Economics has reassessed Greece's debt levels and estimates them to be lower than official figures suggest.

Israel National Government Debt reached 310.8 USD bn in Dec 2023, compared with 294.7 USD bn in the previous year. Israel National Government Debt data is updated yearly, available from Dec 1995 to Dec 2023. The data reached an all-time high of 335.7 USD bn in Dec 2021 and a record low of 91.3 USD bn in Dec 1995.

The $34 trillion gross federal debt equals debt held by the public plus debt held by federal trust funds and other government accounts. In very basic terms, this can be thought of as debt that the government owes to others plus debt that it owes to itself. Learn more about different ways to measure our national debt.

National debt in Russia

The highest level of the last years at 439 billion US Dollar was reached in 2022. Based on the number of inhabitants, this is a debt of 3,044 USD per person. For comparison, the average debt per person in the same year in the European Union was 32,825 USD.

Germany's gross external debt amounted to €6.1 trillion at the end of the fourth quarter 2023; relative to gross domestic product ( GDP ) it remained unchanged in the period under review.

At its dissolution at the end of 1991, the Soviet Union began a Russian Federation with a growing pile of $66 billion in external debt and with barely a few billion dollars in net gold and foreign exchange reserves. The complex demands of the modern economy somewhat constrained the central planners.