Estimate of External Debt of the Russian Federation as of June 30, 2024 (2024)

FAQs

Estimate of External Debt of the Russian Federation as of June 30, 2024? ›

According to the Bank of Russia's estimate, external debt of the Russian Federation as of June 30, 2024 totaled $306.1 billion, having decreased by $10.7 billion, or by 3.4%, since the end of 2023.

Russia National Government Debt reached 299.3 USD bn in Jul 2024, compared with 303.4 USD bn in the previous month. Russia National Government Debt data is updated monthly, available from May 2009 to Jul 2024.

Public debt in Russia averaged 15.4% of GDP in the decade to 2022, below the average of 32.5% of GDP for Eastern Europe. Public debt in Russia was 18.9% of GDP in 2022.

National debt in Russia

The highest level of the last years at 444 billion US Dollar was reached in 2022. Based on the number of inhabitants, this is a debt of 3,079 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,247 USD.

At its dissolution at the end of 1991, the Soviet Union began a Russian Federation with a growing pile of $66 billion in external debt and with barely a few billion dollars in net gold and foreign exchange reserves.

Estimate of External Debt of the Russian Federation as of June 30, 2024. According to the Bank of Russia's estimate, external debt of the Russian Federation as of June 30, 2024 totaled $306.1 billion, having decreased by $10.7 billion, or by 3.4%, since the end of 2023.

U.S. Treasury securities held by Russia monthly 2020-2024

The value of U.S. Treasury securities held by residents of Russia amounted to 46 million U.S. dollars in April 2024, marking a stark contrast to the 10.51 billion U.S. dollars held in January 2020.

Currently, China's total debt stands at around $47.5 trillion, which is less than the US's near $70 trillion. Notably, China holds the largest share of non-financial corporate debt globally, at 28%. Both China and the U.S. are among the countries with the highest debt-to-GDP ratios.

Total US federal government debt breached the $30 trillion mark for the first time in history in February 2022. As of December 2023, total federal debt was $33.1 trillion; $26.5 trillion held by the public and $12.1 trillion in intragovernmental debt.

Did Russia pay off USSR debt? ›

Russia paid but not nearly as generously as the descendants of French bond buyers hoped. By August 21, 2006, all the Soviet era debts to the west are considered to have been paid off by Russian Federation.

There are 15 post-Soviet states in total: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.

During its existence, the Soviet Union produced many significant social and technological achievements and innovations. It had the world's second-largest economy and largest standing military. An NPT-designated state, it wielded the largest arsenal of nuclear weapons in the world.

Moscow now expects gross domestic product (GDP) to climb 3.9% in 2024, up from 2.8% in the forecast it issued in April, Finance Minister Anton Siluanov said last week. The baseline forecasts from the economy ministry are used by the finance ministry for its budget calculations.

The United States pays interest on approximately $850 billion in debt held by the People's Republic of China.

U.S. publicly held debt 2013-2024

In August 2024, the public debt of the United States was around 35.26 trillion U.S. dollars, a slight increase from the previous month.