Russia: in July 2014 the Ministry of Finance expected the Urals oil price of $100.0 for 2015; the outcome was $51.2
Next-year forecasts of 15 releases (2008–2022): the outcome above the forecast 9 times, below 6; typical error +10.90 dollars a barrel. The largest under-forecast in August 2010: $75.0 expected for 2011, the outcome was $109.3.
Source: Russian Ministry of Finance: budget policy guidelines 2009–2026; 2009 budget law; Ministry of Economic Development; Bank of Russia; IMF (GDP)Open on the chart →