Russia Government Debt: % of GDP, 2011 – 2024 (2024)

FAQs

What is Russia's debt to GDP in 2024? ›

In the latest reports, Russia National Government Debt reached 281.6 USD bn in Feb 2024. The country's Nominal GDP reached 494.7 USD bn in Mar 2023.

Public debt in Russia was 18.9% of GDP in 2022. For more public debt information, visit our dedicated page.

Russia National Government Debt reached 281.6 USD bn in Feb 2024, compared with 287.8 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Feb 2024. The data reached an all-time high of 384.2 USD bn in Jun 2022 and a record low of 86.1 USD bn in May 2009.

Japan has the highest percentage of national debt in the world at 259.43% of its annual GDP.

Where does Russia rank in the world by GDP? Russia ranks 12th in the world by GDP for 2024.

Yes, but it is much smaller compared to the Russian economy than America's is to the American economy. Russia's debt-to-GDP is 17.20%. To put that in perspective, America would have to have a national debt of $4 trillion or so for the two nations to be somewhat comparable.

Ukraine National Government Debt reached 135.2 USD bn in Feb 2024, compared with 136.1 USD bn in the previous month. Ukraine National Government Debt data is updated monthly, available from Dec 2004 to Feb 2024.

Who does the US owe debt to? ›

The public owes 74 percent of the current federal debt. Intragovernmental debt accounts for 26 percent or $5.9 trillion. The public includes foreign investors and foreign governments. These two groups account for 30 percent of the debt.

Russia successfully warded off the immediate contagion effects from Asia and retained market access for longer than many observers expected. However, it finally succumbed to collapsing confidence and declared a default on its debts in August 1998.

Under current policy, the United States has about 20 years for corrective action after which no amount of future tax increases or spending cuts could avoid the government defaulting on its debt whether explicitly or implicitly (i.e., debt monetization producing significant inflation).

Nearly half of all US foreign-owned debt comes from five countries. All values are adjusted to 2023 dollars. As of January 2023, the five countries owning the most US debt are Japan ($1.1 trillion), China ($859 billion), the United Kingdom ($668 billion), Belgium ($331 billion), and Luxembourg ($318 billion).

While robust growth is predicted for this year, helped by the Kremlin earmarking 10.8 trillion rubles ($115 billion) for defense spending, Russia's GDP growth is expected to dip sharply from 3.2 percent in 2024 to 1.8 percent in 2025, according to the IMF.

U.S. publicly held debt 2013-2024

In April 2024, the public debt of the United States was around 34.62 trillion U.S. dollars, more than two trillion more than in July when it was around 32.6 trillion U.S. dollars.

Russia, with its huge proven oil and natural gas reserves, will continue to remain among the ten largest economies in the world by 2050. A status it still holds currently. In 2050, Russia is projected to be the sixth largest economy in the world with a GDP at PPP of $7.13 trillion.