Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Russia's External Debt Per Capita Falls to Lowest Level since 2005


Sun 14 Apr 2024 | 11:45 PM
Russian President Vladimir Putin speaks during his annual news conference in Moscow on Thursday. (Alexander Zemlianichenko/The Associated Press)
Russian President Vladimir Putin speaks during his annual news conference in Moscow on Thursday. (Alexander Zemlianichenko/The Associated Press)
Taarek Refaat

Russia's per capita external debt fell to $2,100 as of April 1, recording its lowest levels since 2005, according to Sky News.

This is one of the best levels globally, while the highest level in Russia’s per capita external debt was recorded in 2013, when the index reached $5,072.

Russia's external debt fell to its lowest level since 1993, touching $304 billion, according to the latest data issued by the Russian Central Bank.

According to the RIA Novosti news agency, Russia's external debt declined in the first quarter of this year to $304 billion, equivalent to only 15.05% of the country's gross domestic product, which is the lowest level since 1993 and one of the best levels in the world.

Russian external debt in general reached its highest level in 1999 and represented 91% of the size of the Russian economy.