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Russia Debt to GDP Ratio

Russia's government debt to GDP fell to 16.4% in 2024 from 16.7% in 2023. This reduction occurred alongside 4.1% GDP growth and a 26% rise in federal budget revenues. The federal budget deficit was 1.7% of GDP. Russia's record low government debt to GDP was 6.5% in 2009 and record high was 92.1% in 1999.

Yearly Historical Data (1999-2024)

(in %)
Year Debt to GDP Ratio
2024 16.4%
2023 16.7%
2022 16%
2021 17.6%
2020 12.4%
2019 12.1%
2018 12.6%
2017 13%
2016 13.2%
2015 14.4%
2014 11.3%
2013 10.5%
2012 9.5%
2011 9%
2010 8.3%
2009 6.5%
2008 7.2%
2007 7.2%
2006 9.8%
2005 14.8%
2004 20.8%
2003 28.3%
2002 37.5%
2001 44.3%
2000 55.7%
1999 92.1%
Russia Debt to GDP Ratio : Definition
Russia's government debt to GDP shows its total government debt as a percentage of its gross domestic product. It is calculated by dividing the government's total debt by the nation's GDP. A lower ratio suggests better fiscal health.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 2.9% 2.5% Dec'24
Interest Rate 16.5% 17% Oct'25
Private Credit (% GDP) 54.64% 59.58% 2021