Notboringeconomy

12.11.2023

The Real Ruble Exchange Rate: Balancing Inflation and Geopolitics

Fluctuations in the exchange rate of the ruble are affected by economic and political events such as oil prices, trade restrictions, and sanctions. To gain a deeper understanding of the ruble’s actual value, we need to appraise the nominal and real exchange rates by considering the trading partner structure and inflation. During the period of 2004 to 2023, the nominal effective exchange rate declined by 48%, while the real effective exchange rate increased by 12% due to high inflation.

Price

07.05.2023

Central Bank interest rate and inflation in Russia: 1991-2023

Explore the historical fluctuations of the Central Bank interest rate and inflation in Russia from 1991 to 2023, revealing the highest and lowest values recorded during this period, as well as the overall trends that have shaped the Russian economy.

Economy

01.05.2023

The Evolution of Russia’s Balance of Payments: From the Deficits of the 1990s to the Records of 2022 and the Challenges of 2023

Russia’s current account reached a record high of over $25 billion per month in the first half of 2022 but fell to $6 billion per month in the first quarter of 2023, posing a challenge for the economy. Nevertheless, with few exceptions, Russia has maintained positive quarterly current account balances.

Economy

16.02.2023

The Story of Russia’s Federal Budget: Changes and Trends from the 1990s to the Present

At a nominal annual growth rate of the federal budget from 1993 to 2022, the revenues of the budget increased by 2.4 times in real terms, while expenses increased by 1.9 times.

Economy

05.02.2023

The Gamble on Crude: Unpacking the Connection Between Russia’s Oil Production, Prices, and Budget Revenues

How did oil and gas budget revenues change depending on the volume of production and oil prices in 2011-2023

Which countries had the highest GDP growth rate in 1980-2021 — Russia, the United States, the United Kingdom or Germany?

Economy

15.05.2022

Which countries had the highest GDP growth rate in 1980-2021 — Russia, the United States, the United Kingdom or Germany?

Russia’s GDP growth rates have lagged behind key developed countries for many decades — from 1980 to 2021, the Russian economy grew by only 59% or 1.1% per year.