Russian Federation Real Interest Rate
Real interest rate FR.INR.RINR
Russian Federation's real interest rate was -6.28% in 2025, ranked 90th globally. This represents a 287.1% decrease from 2024. Data from World Bank, covering 1997–2025.
Overview
Russian Federation's real interest rate stood at -6.28% in 2025, a decline of +9.64pp from 2023. Based on recent trends, this figure is projected to reach -6.28% by 2025. Russian Federation ranked 90th globally.
The Russian Federation has experienced significant fluctuations in its real interest rate over the past 28 years, with a notable all-time peak of 19.62% in 1998, a year marked by the Russian financial crisis. Conversely, the real interest rate plummeted to an all-time trough of -18.95% in 1999, a year that saw a significant economic downturn in the country. As of 2025, Russia's real interest rate stands at -6.28%, ranking 90th globally. In comparison, countries such as Fiji and Bulgaria have similar real interest rates, with Fiji standing at -5.62% and Bulgaria at -5.41%. The prolonged negative real interest rate in Russia may have implications for the country's inflation and economic growth. A shift in monetary policy or an improvement in the country's economic prospects could potentially alter the trajectory of Russia's real interest rate, with a return to positive rates potentially on the horizon.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2026* trend | -7.82% | - | - |
| 2025* trend | -6.28% | - | - |
| 2025 | -6.28% | −9.64pp | #90 |
| 2023 | 3.36% | +9.05pp | #45 |
| 2022 | -5.69% | +3.64pp | #21 |
| 2021 | -9.33% | −15.15pp | #10 |
| 2020 | 5.83% | +0.51pp | #52 |
| 2019 | 5.32% | +6.35pp | #45 |
| 2018 | -1.03% | −5.97pp | #13 |
| 2017 | 4.95% | −4.54pp | #69 |
| 2016 | 9.48% | +1.59pp | #92 |
| 2015 | 7.89% | +4.50pp | #83 |
| 2014 | 3.40% | −0.54pp | #32 |
| 2013 | 3.94% | +3.76pp | #44 |
| 2012 | 0.18% | +13.03pp | #20 |
| 2011 | -12.86% | −9.90pp | #4 |
| 2010 | -2.96% | −16.04pp | #18 |
Detected Pattern
Analysis
Russian Federation matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Russian Federation's real interest rate was -6.28% in 2025. Ranked 90th globally. This represents a 287.1% decrease from the previous year.
Russian Federation's real interest rate peaked at 19.62% in 1998.
The lowest real interest rate in Russian Federation was -18.95% in 1999.
Russian Federation ranks 90th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Russian Federation's real interest rate is projected to reach -6.28% by 2025 based on trend extrapolation.
The real interest rate of Russian Federation in 2025 was -6.28%. This ranks 90th in the world.
Cite this page
@misc{historysaid_russian-federation_real-interest-rate,
title = {Russian Federation Real Interest Rate},
url = {https://historysaid.com/russian-federation/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}