Russia Total External Debt (2024)

FAQs

Russia Total External Debt? ›

According to the Bank of Russia's estimate, external debt of the Russian Federation as of March 31, 2024 totaled $304.0 billion, having decreased by $12.8 billion, or by 4.1%, since the end of 2023.

Russia External Debt reached 304.0 USD bn in Mar 2024, compared with 316.8 USD bn in the previous quarter.

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.

GDP in Russia is offically estimated to be $1.760 Trillion US dollars at the end of 2023. The economy of Russia is offically reported as having a debt-to-GDP ratio of 16.9%, indicating Russia's debt level is $292 Billion.

In 2022, Russia's estimated level of national debt reached about 18.89 percent of the GDP, ranking 16th of the countries with the lowest national debt.

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.

Russia's external debt was estimated at 381.8 billion U.S. dollars as of January 1, 2023, down 20.8 percent from the previous year. Over the observed period, the debt peaked in 2014, when residents of Russia owed nearly 729 billion U.S. dollars to foreign creditors.

The United States pays interest on approximately $850 billion in debt held by the People's Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

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.

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

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.

Singapore is one of Asia's major financial centers. It is also one of the most prosperous countries on the planet. And all this has been achieved without taking on any meaningful public debt. In fact, very much like Norway, Singapore has more assets than debt.

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.

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.

Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

Incomes, partially driven by high government spending and the tight labour market, are seen increasing 5.2% in 2024, up from 2.7% growth in the previous forecast. The ministry expects inflation to end the year at 5.1%, above the previous estimate and the central bank's 4% target.

Household debt rose to $17.69 trillion in the first quarter of 2024, according to the New York Federal Reserve. That number includes mortgage debt, car loans, student loan debt and credit card debt.

This debt is further broken down in data by the Bank for International Settlements. 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. In Austria and the U.S., exposure stood at $17.5 billion and $14.7 billion, respectively.

Foreign ownership of U.S. debt, which includes both governments and private investors, is much higher now than it was about 50 years ago. In 1970, total foreign holdings accounted for $14.0 billion, or just 5 percent, of DHBP. As of December 2022, such holdings made up $7.3 trillion, or 30 percent, of DHBP.