https://sputnikglobe.com/20231024/russias-external-debt-to-gdp-ratio-at-a-historic-low-1114448425.html
Russia’s External Debt-to-GDP Ratio at a Historic Low
Russia’s External Debt-to-GDP Ratio at a Historic Low
Sputnik International
Recent economic studies have revealed that Russia's gross public debt to GDP ratio is currently at its lowest level in the nation's history. 24.10.2023, Sputnik International
2023-10-24T12:23+0000
2023-10-24T12:23+0000
2023-10-24T12:23+0000
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According to Sputnik calculations, based on the figures provided by the Central Bank of the Russian Federation (Bank of Russia), the second quarter of 2023 saw Russia’s foreign debt-to-GDP dip below 15%.The indicator has been on a steady decline in recent years. It fell to 31% in 2020, 26.2% at the end of 2021, and just 16.6% last year. The first quarter of 2023 saw a modest decline to 15.45%.At the end of June 2023, gross external financial debt, both government and corporate, was estimated at $343.4 billion.Bank of Russia has also published data on external debt per capita in the second quarter of 2023. According to estimates, the figure decreased by 4% down to $2,300. This is the best indicator since 2006, when it was $2,200.
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Russia’s External Debt-to-GDP Ratio at a Historic Low
Recent economic studies have revealed that Russia's gross public debt to GDP ratio is currently at its lowest level in the nation's history.
According to Sputnik calculations, based on the figures provided by the Central Bank of the Russian Federation (Bank of Russia), the second quarter of 2023 saw Russia’s foreign debt-to-GDP dip below 15%.
The indicator has been on a steady decline in recent years. It fell to 31% in 2020, 26.2% at the end of 2021, and just 16.6% last year. The first quarter of 2023 saw a modest decline to 15.45%.
"In the second quarter of 2023, debt obligations continued to decline, reaching a total of 14.96%," the calculations show.
At the end of June 2023, gross external financial debt, both government and corporate, was estimated at $343.4 billion.
Bank of Russia has also published data on external debt per capita in the second quarter of 2023. According to estimates, the figure decreased by 4% down to $2,300. This is the best indicator since 2006, when it was $2,200.
