Russia External Debt
Russia · Quarterly series · EC-RU-ED
Latest, Q2 2026
309.01B USD
+3.6% from Q1 2026
Forecast
Forecast for Q2 2027: 279.16B USD, with an 80% interval of 241.43B USD to 317.60B USD.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| Q3 2026 | 300.07B USD | 251.19B USD | 342.05B USD |
| Q4 2026 | 287.71B USD | 204.81B USD | 363.67B USD |
| Q1 2027 | 278.76B USD | 206.06B USD | 351.01B USD |
| Q2 2027 | 279.16B USD | 241.43B USD | 317.60B USD |
AI confidence
Weak evidenceThe serving forecast made larger errors than the no-change baseline in these tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- -17%Trails the no-change baseline over 8 tests (8 tests, 3 won)
- Direction
- 47%No clear edge over a coin flip (15 of 32 calls right in 8 tests)
- Turning points
- 3 of 12Anticipated some turns (12 turns in 8 tests, 1 without a turn)
- Error vs baseline
- 17% higherError ratio 1.17; 1.00 is a tie.
- Tests won
- 3 / 8Complete rolling backtests; ties count as no win.
- Test period
- 2018-09-01 to 2026-06-014 observations ahead per test.
- 80% band coverage
- 84%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2026-06-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
It is above 10% of the 39 earlier readings since Q3 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| Q2 2026 | 309.01B USD |
| Q1 2026 | 298.31B USD |
| Q4 2025 | 306.84B USD |
| Q3 2025 | 310.18B USD |
| Q2 2025 | 324.05B USD |
| Q1 2025 | 313.05B USD |
| Q4 2024 | 289.89B USD |
| Q3 2024 | 309.32B USD |
| Q2 2024 | 317.45B USD |
| Q1 2024 | 308.74B USD |
| Q4 2023 | 318.29B USD |
| Q3 2023 | 324.05B USD |
| Q2 2023 | 340.88B USD |
| Q1 2023 | 358.36B USD |
| Q4 2022 | 385.08B USD |
| Q3 2022 | 441.26B USD |
| Q2 2022 | 486.72B USD |
| Q1 2022 | 462.13B USD |
| Q4 2021 | 488.41B USD |
| Q3 2021 | 497.05B USD |
| Q2 2021 | 474.13B USD |
| Q1 2021 | 460.60B USD |
| Q4 2020 | 467.60B USD |
| Q3 2020 | 462.76B USD |
Source
Data: public market data feeds.
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Also stored for Russia
- Russia Balance Of Trade
- Russia Bank Lending Rate
- Russia Bankruptcies
- Russia Business Confidence Index
- Russia Capacity Utilization
- Russia Capital Flows
- Russia Car Production
- Russia Car Registrations
- Russia Cash Reserve Ratio
- Russia Cement Production
- Russia Central Bank Balance Sheet
- Russia Changes In Inventories