HOFINET | Housing Finance Information Network

Macro-economic Data

PDF featuring variable definitions

A. Demography and Macroeconomy

A.1 Population

Variable	End of 2017	End of 2016	End of 2015	Sources	Var ID
Total population	144.5 million	144.34 million	144.1 million	WDI	A.1.1
Total number of households	55.58 million	54.56 million	56.3 million	Russtat	A.1.2
Average household size	2.60	2.60	2.60	Country Editor	A.1.3
Urban population (% of total)	74.29% of total	74.1% of total	74.05% of total	WDI	A.1.4
Urban population growth (annual %)	.28%	.32%	.33%	WDI	A.1.5

A.2 Economy

Variable	End of 2017	End of 2016	End of 2015	Sources	Var ID
GDP, current prices (U.S. dollars)	1,577,525 USD (millions)	1,284,727 USD (millions)	1,368,402 USD (millions)	WEO	A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)	4,016,246 USD (millions)	3,881,330 USD (millions)	3,847,055 USD (millions)	WEO	A.2.2
GDP per capita, current prices (U.S. dollars)	10,955.79 USD	8,923.89 USD	9,510.19 USD	WEO	A.2.3
GDP based on PPP per capita GDP (Current international dollar)	27,892.54 USD	26,960.24 USD	26,736.45 USD	WEO	A.2.4
GDP, constant prices (Percent change)	1.55%	-.2%	-2.5%	WEO	A.2.5
Inflation, end of period consumer prices (Percent change)	2.52%	5.37%	12.91%	WEO	A.2.6
GDP, deflator (Index)	105.21	100.00	96.60	WEO	A.2.7
Consumer price index	168.17	162.20	151.52	WEO	A.2.8
GINI Index	Not available	Not available	37.70	WDI	A.2.9
Median national annual household income	16,803.34 USD	14,302.06 USD	15,474.91 USD	Russtat	A.2.10
Median urban annual household income	18,340.55 USD/year	15,784.78 USD/year	17,071.41 USD/year	Russtat	A.2.11
Urban minimum wages per month in USD	128.55 USD	92.52 USD	97.89 USD	Russtat	A.2.12
Growth in urban household income (%/year)					A.2.13
Nominal	2.2%	.9%	10.6%	Country Editor	A.2.13.1
Real	-1.2%	-5.6%	-4.4%	Russtat	A.2.13.2
Employment (% of total laborforce)					A.2.14
Informally employed	19.8%	Not available	Not available	Russtat	A.2.14.2
Unemployed	5.2%	5.54%	5.6%	Russtat	A.2.14.3
Interest Rates:					A.2.15
Central bank lending/discount rate	7.75%	10%	11%	Central Bank of Russia	A.2.15.1
Yield on 3 months treasury bills	Not available	Not available	Not available	Country Editor	A.2.15.2
Yield on 10-year Government bond	7.64%	8.45%	11.36%	Central Bank of Russia	A.2.15.3
Average bank deposit rate	5.86%	6.97%	9.2%	IFS	A.2.15.4
Lending rate	10.56%	12.6%	15.72%	IFS	A.2.15.5

B. Housing Market

B.1 Housing Stock: Production, Transactions

Variable	End of 2017	End of 2016	End of 2015	Sources	Var ID
Number of dwelling units:					B.1.1
Total	65.9 million	64.9 million	64 million	Russtat	B.1.1.1
Percentage of vacant units	Not available	Not available	Not available	Country Editor	B.1.2
Characteristics of housing stock:					B.1.3
Average dwelling unit size-existing	55.3 sq.mt	54.6 sq.mt	54.6 sq.mt	Russtat	B.1.3.1
% of substandard dwelling units	Not available	Not available	Not available	Country Editor	B.1.3.2
Tenure in urban areas (%):					B.1.4
Owner-occupied units	87.3% of total	85% of total	85% of total	Russtat	B.1.4.1
% of owner units with a mortgage	Not available	Not available	4.6% of total	Country Editor	B.1.4.2
Private rental units	Not available	Not available	Not available	Country Editor	B.1.4.3
Public / social rental units	Not available	Not available	Not available	Country Editor	B.1.4.4
Other forms of tenure	Not available	Not available	Not available	Country Editor	B.1.4.5
% of urban units with state recognized lienable title	Not available	Not available	Not available	Country Editor	B.1.4.6
Estimated Number of units completed/year					B.1.5
Formal sector/registered	1,139,000 units	1,167,000 units	1,195,000 units	Country Editor	B.1.5.1
Informal sector/non-registered	Not available	Not available	Not available	Country Editor	B.1.5.2
Number of recorded urban housing transactions/year	2896520	2967327	2939934	Country Editor	B.1.6
How complete is this measure for formal sector transactions?	Complete	Complete	Complete	Country Editor	B.1.7

B.2 Housing Prices and Cost for Urban Areas or Capital City

Variable	End of 2017	End of 2016	End of 2015	Sources	Var ID
Median urban house price in USD:					B.2.1
New housing	59,393.79 USD	51,444.51 USD	57,286.24 USD	Country Editor	B.2.1.1
Existing housing	67,816.26 USD	60,413.7 USD	69,332.55 USD	Country Editor	B.2.1.2
Median house price to median annual HH income:					B.2.2
Urban	3.30	3.40	4.00	Country Editor	B.2.2.1
Capital city	4.90	5.20	5.04	Country Editor	B.2.2.2
Annual average % change in median house prices:					B.2.3
Yearly Rate	-.3%	-1.7%	-1.75%	Country Editor	B.2.3.1
1997-2007 average rate	33.8%	Not available	Not available	Country Editor	B.2.3.2
M2 construction cost for median quality house					B.2.4
National	710.61 USD/sq.mt	609.78 USD/sq.mt	644.23 USD/sq.mt	Russtat	B.2.4.1
Urban	715.99 USD/sq.mt	613.38 USD/sq.mt	648.69 USD/sq.mt	Russtat	B.2.4.2
Capital city	1,063.58 USD/sq.mt	608.56 USD/sq.mt	802.13 USD/sq.mt	Russtat	B.2.4.3