Russia’s external debt to GDP ratio reaches historic low – Kommersant
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In the first quarter, Russia’s external debt to GDP ratio fell to a historic low of 15%. This follows from the “RIA News” analysis of the statistics of the Bank of Russia.
According to the agency’s calculations, the volume of debt to non-residents in relation to GDP in 2022 was 16.6%. The rate has been the lowest since 1993. At the same time, in the first quarter of this year, the indicator continued to decline. At the end of the quarter it was 15.45%. Thus, the state and corporate external debt at the end of March 2023 amounted to $354.8 billion, or 27.35 trillion rubles.
At the end of March, the Bank of Russia clarified assessment of the external debt indicator as of January 1, 2023. It amounted to $380.5 billion. According to the Central Bank, the external debt over the past year decreased by $101.81 billion.
The maximum external debt to GDP ratio was recorded in 1999. Then it reached 91%.
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