Russia: Monetary freedom

For that indicator, we provide data for Russia from 1995 to 2022. The average value for Russia during that period was 53.95 points with a minimum of 0 points in 1995 and a maximum of 69.4 points in 2014. The latest value from 2022 is 68 points. For comparison, the world average in 2022 based on 175 countries is 74.32 points. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Monetary Freedom index for Russia from The Heritage Foundation reflects the stability of prices in Russia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.

Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.