Forex Glossary

Traders, especially beginners, may not know or understand some Forex terms, so we provide our users with a list of specialized terms with their definitions.

En TermEn Description

stands for Federal State Statistics Service of Russia.  It is a federal executive institute responsible for official statistical data on social, economic, demographic, and ecological conditions in Russia. In addition, FSSS controls and supervises state statistics in the Russian Federation.

Trade deficit

is a negative trade balance. Merchandise trade balance of a country is a difference between the value of exports and that of imports over a certain period of time. Merchandise trade balance includes all the actual transactions and those carried out on credit.

GDP (Gross Domestic Product)

is a macroeconomic indicator measuring the market value of output produces within a year in all the economic sectors of a country, for consumption, exporting and hoarding, regardless of the producer's nationality.

Unemployment Rate

is calculated by dividing the number of the jobless citizens by the number of the employed or by the total number of people of a certain population category. In most cases, the unemployment rate is expressed as a percentage.

Concealed Unemployment

is not reflected in official statistics. It relies on data on how many people receive unemployment benefits in a country. Apart from this group of people, there are other categories of employable citizens: those who are almost out of work, but do not get any jobless benefits; those employed part-time; and those who have not claimed for any benefits for some reason.


is an investment holding company, one of the biggest players in the housing and construction markets. The RBI headquarters are located in Saint Petersburg. The company operates in the segments of residential and commercial construction.


is an information and analytical agency focused on economics. AК&M was created in 1990. It has long been a leading informational portal in the field of economics and finance.

Credit rating

measures the creditworthiness of an individual, firm, region, or a country. Ratings are calculated based on past and current financial performance of market participants as well as on the estimated amount they borrowed and obligations incurred. The estimates are supposed to provide potential lenders/investors with insight into probability of on time repayment.

Real GDP

shows production output and incomes in real terms.


is a statistical tool used to convert a national currency into inflation-adjusted national currency.

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