
Russia: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
Russia |
Fiscal balance, percent of GDP |
---|---|
Latest value | 0.77 |
Reference | 2021 |
Measure | percent |
Source | International Monetary Fund (IMF) |
For that indicator, we provide data for Russia from 1998 to 2021. The average value for Russia during that period was 0.45 percent with a minimum of -7.42 percent in 1998 and a maximum of 7.8 percent in 2006.
The latest value from 2021 is 0.77 percent. For comparison, the world average in 2021 based on 162
countries is -4.14 percent.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.