Russia Public Debt (2024)

Public Debt in Russia

Public debt in Russia averaged 15.4% of GDP in the decade to 2022, below the average of 32.5% of GDP for Eastern Europe. Public debt in Russia was 18.9% of GDP in 2022. For more public debt information, visit our dedicated page.

Russia Public Debt Chart

Note: This chart displays Public Debt (% of GDP) for Russia from 2014 to 2023.
Source: IMF.

Russia Public Debt Data

20182019202020212022
Public Debt (% of GDP)13.613.719.216.418.5

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Russian public debt projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable public debt forecast available for Russian public debt.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Russian public debt projections.

Want to get access to the full dataset of Russian public debt forecasts? Send an email to info@focus-economics.com.

Russia Public Debt (2024)

FAQs

How much public debt does Russia have? ›

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Feb 2024. 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.

Is Russia still paying its debt? ›

On Monday 27 June 2022, Moody's rating agency declared that Russia defaulted on its foreign debt after missing a payment deadline the preceding Sunday.

What is Russia's debt in 2024? ›

April 11 (Interfax) - Russia's external debt declined by $12.8 billion, or 4.1%, to $304 billion in the first quarter of 2024, the Central Bank posted on its website. The country's external debt level as of April 1, 2024 was the lowest since October 1, 2006, when it was at $269.5 billion.

What country is most in debt? ›

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

How much debt is Ukraine in? ›

Ukraine National Government Debt reached 135.2 USD bn in Feb 2024, compared with 136.1 USD bn in the previous month. Ukraine National Government Debt data is updated monthly, available from Dec 2004 to Feb 2024.

Who holds most of Russia's debt? ›

Exposure to Russian debt was highest in Italy and France, where upwards of $25 billion was owed each at the end of the third quarter of 2021.

How close is Russia to defaulting on its debt? ›

Russian Federation

Russia has defaulted on its foreign debts, a first since 1918. The foreign debt default has been hailed as proof that sanctions imposed by western governments since the invasion of Ukraine in February are working.

Does Russia own US debt? ›

Does Russia still own U.S. Treasury bonds? How much U.S. debt has Russia owned in the past and did the overnight repo market & U.S. bond market nearly collapse in Sep. 2019 due to Russia & China selling their Treasury bonds? According to the US Treasury, Russian ownership of US Treasuries was $2.1 Billion in Nov 2022.

Will the US ever get out of debt? ›

Why History Shows the United States Will Not Grow Out of Its Debt. The United States is approaching record levels of debt. Debt held by the public totaled 97 percent of gross domestic product (GDP) at the end of 2022 and is on track to exceed its previous all-time high, which occurred just after World II, by 2029.

Does Canada have more debt than the US? ›

While Canada and the U.S. may seem as if they're on different planets when it comes to what they owe – just over $1.1-trillion for Canada compared with roughly $40-trillion (in Canadian dollars) for the U.S. – both are now spending as much on interest payments as they do on programs they each hold dear.

How much is Germany in debt? ›

Key information about Germany National Government Debt

Germany National Government Debt reached 2,901.2 USD bn in Dec 2023, compared with 2,780.7 USD bn in the previous quarter.

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