Russia: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series

Fiscal balance, percent of GDP

 Latest value -2.29
 Year 2023
 Measure percent
 Data availability 1998 - 2023
 Average 0.28
 Min - Max -7.42 - 7.80
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Russia from 1998 to 2023. The average value for Russia during that period was 0.28 percent with a minimum of -7.42 percent in 1998 and a maximum of 7.8 percent in 2006. The latest value from 2023 is -2.29 percent. For comparison, the world average in 2023 based on 102 countries is -3.07 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Russia - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Russia - Fiscal balance, percent of GDP - historical chart - 1998-2023

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.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.67 2022 percent
 Government spending, in dollars 395.80 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -2.29 2023 percent
 Government debt 17.20 2022 percent
 Government expenditure 7,940.90 Q3/2023 billion
 Long-term government bond yield 8.65 9/2017 percent
 Tax revenue 11.65 2021 percent
 Commercial tax rate 46.20 2019 percent
 Tax preparation time 159 2019 hours
 Number of taxes 9 2019 taxes
 Taxes on goods and services 25.33 2021 percent
 Taxes on international trade 7.89 2021 percent
 Income and profits taxes 2.69 2021 percent
 Foreign aid 1,319.55 2004 million U.S. dollars
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