This statistic shows the gross domestic product (GDP) per capita in Russia from 1997 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2023, the GDP per capita in Russia was around 13,738.7 U.S. dollars. See the Russian GDP for comparison. Russia's wealth Russia generates most of its wealth through its energy sector, given that a large percentage of its industrial and agricultural sectors have been privatized in the 1990s. The majority of Russia’s exports consisted of natural resources, such as oil, gas and metals. Russia’s primary export partners are located within Europe, with the exception of China, and are often the recipients of a large amount of Russia’s natural gas exports. The country’s second most important and influential sector is the military sector, due to having built up a complex arms industry and having the proficiency to produce high tech weapons. Russia ranks as one of the highest spenders for military production and is one of the more intimidating military powers in the world. Due to the privatization of Russia’s industrial and agricultural sectors, a rather large part of the population was able to capitalize on the market. Russia is home to one of the highest numbers of billionaires in the world, trailing only countries such as the United States and China.

Russia had the highest GDP per capita based on purchasing-power-parity (PPP) among the presented Eurasian countries between 2010 and 2023 and was forecast to remain in the leading position in the following years. However, Kazakhstan was predicted to close the gap with Russia slowly by 2029. What are the largest economies in Eurasia? At an estimated 2.2 trillion U.S. dollars, Russia had the largest GDP among the Eurasian countries in 2024. The country generated most of its wealth through its energy sector, given that a high percentage of its industrial and agricultural sectors was privatized in the 1990s. Ranking second and third were Kazakhstan and Ukraine, whose GDP amounted to approximately 293 billion U.S. dollars and 184 billion U.S. dollars, respectively. Looking at national debt, Ukraine demonstrated the highest ratio to GDP, at over 95 percent in 2024. Despite exhibiting the second-lowest figure in the region, Russia’s national debt was forecast to increase in the years until 2029. Inflation in Eurasia The highest inflation rate in Eurasia was recorded in Uzbekistan, at around 10 percent in 2024. It was followed by Kazakhstan and Russia, where consumer prices were estimated to grow by approximately 8.6 percent and 7.9 percent relative to the previous year, respectively. As of January 2024, monthly expenses on the basic food basket occupied around 36 percent of the official minimum wage in Moldova. At the same time, in Uzbekistan, the minimum wage was just enough to cover basic food expenses.

Russia RU: GDP: PPP: 2017 Price data was reported at 4,027,358.213 Intl $ mn in 2022. This records a decrease from the previous number of 4,112,474.573 Intl $ mn for 2021. Russia RU: GDP: PPP: 2017 Price data is updated yearly, averaging 3,178,789.642 Intl $ mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 4,112,474.573 Intl $ mn in 2021 and a record low of 1,824,938.131 Intl $ mn in 1998. Russia RU: GDP: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

The share in the global GDP adjusted for PPP in Russia was forecast to continuously decrease between 2024 and 2029 by in total 0.3 percentage points. After the fifth consecutive decreasing year, the share is estimated to reach 3.23 percent and therefore a new minimum in 2029. Following the definitions provided by the International Monetary Fund, this indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.Find more statistics on other topics about Russia with key insights such as the national debt, the budget balance in relation to the gross domestic product, and the total population.

Graph and download economic data for Total Purchasing Power Parity Converted GDP, G-K method, at current prices for Russia (PPPGDPRUA619NUPN) from 1990 to 2010 about Russia, PPP, and GDP.

Russia GDP: PPP: 2021 Price data was reported at 5,815,895.453 Intl $ mn in 2023. This records an increase from the previous number of 5,613,798.699 Intl $ mn for 2022. Russia GDP: PPP: 2021 Price data is updated yearly, averaging 4,498,335.314 Intl $ mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 5,815,895.453 Intl $ mn in 2023 and a record low of 2,543,810.300 Intl $ mn in 1998. Russia GDP: PPP: 2021 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the country plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2021 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

Russia RU: GDP: Value Added: Current PPP data was reported at 3,146.879 USD bn in 2021. This records an increase from the previous number of 2,885.860 USD bn for 2020. Russia RU: GDP: Value Added: Current PPP data is updated yearly, averaging 1,372.410 USD bn from Dec 1990 (Median) to 2021, with 32 observations. The data reached an all-time high of 3,146.879 USD bn in 2021 and a record low of 568.380 USD bn in 1998. Russia RU: GDP: Value Added: Current PPP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Russian Federation – Table RU.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: Non OECD Member: Annual. In response to Russia's large-scale aggression against Ukraine, the OECD Council decided on 8 March 2022 to immediately suspend the participation of Russia and Belarus in OECD bodies. In view of this decision, the OECD suspended its solicitation of official statistics on R&D from Russian authorities, leading to the absence of more recent R&D statistics for this country in the OECD database, while previously compiled data are still available.The business enterprise sector includes all organisations and enterprises whose main activity is connected with the production of goods and services for sale, including those owned by the state, and private non-profit institutions serving the above-mentioned organisations. In practice however, R&D performed in this sector is carried out mostly by industrial research institutes other than enterprises. This particularity reflects the traditional organisation of Russian R&D.Headcount data include full-time personnel only, and hence are underestimated, while data in full-time equivalents (FTE) are calculated on the basis of both full-time and part-time personnel. This explains why the FTE data are greater than the headcount data.New budgetary procedures introduced in 2005 have resulted in items previously classified as GBARD being attributed to other headings and have affected the coverage and breakdown by socio-economic objective.

Graph and download economic data for Gross Domestic Product Per Capita for Russian Federation (PCAGDPRUA646NWDB) from 1988 to 2023 about Russia, per capita, and GDP.

Russia GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data was reported at 2,763,891.373 Intl $ mn in 2023. This records an increase from the previous number of 2,595,800.246 Intl $ mn for 2022. Russia GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data is updated yearly, averaging 2,089,131.804 Intl $ mn from Dec 1996 (Median) to 2023, with 28 observations. The data reached an all-time high of 2,763,891.373 Intl $ mn in 2023 and a record low of 868,788.556 Intl $ mn in 1999. Russia GDP: PPP: 2021 Price: Final Consumption Expenditure: Households and NPISHs data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are converted to constant 2021 international dollars using purchasing power parity rates.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Gap-filled total;

Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Rusland - BNP per capita PPP. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Rusland - BNP per capita PPP.

Russia was the largest economy in Eurasia, estimated to occupy 3.6 percent of the world's gross domestic product (GDP) based on purchasing power parity (PPP) in 2024. Other countries in the region contributed significantly less to the global economy. In total, the presented Eurasian countries were estimated to represent over five percent of the global economy in 2024.

Russia RU:(GDP) Gross Domestic Productper Person Employed: 2017 PPP data was reported at 56,767.223 Intl $ in 2022. This records a decrease from the previous number of 58,551.582 Intl $ for 2021. Russia RU:(GDP) Gross Domestic Productper Person Employed: 2017 PPP data is updated yearly, averaging 46,021.505 Intl $ from Dec 1991 (Median) to 2022, with 32 observations. The data reached an all-time high of 58,551.582 Intl $ in 2021 and a record low of 29,798.678 Intl $ in 1996. Russia RU:(GDP) Gross Domestic Productper Person Employed: 2017 PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Employment and Unemployment. GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2017 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.;World Bank, World Development Indicators database. Estimates are based on employment, population, GDP, and PPP data obtained from International Labour Organization, United Nations Population Division, Eurostat, OECD, and World Bank.;Weighted average;

Russia's gross domestic product (GDP) was estimated to grow by 3.65 percent in 2023 compared to the previous year. To compare, in 2022, the country's GDP dropped by around 1.25 percent. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. Trade balance of Russia With the exception of 2009, Russia’s GDP was relatively stable year-over-year, however at a higher rate prior to the financial crisis. In 2012, Russia reported a trade surplus, meaning that more goods and services combined were exported than imported. However, Russia primarily profited from exporting goods, earning the majority of its revenues from its trade balance of goods, while the nation posted a trade deficit on its services, its highest loss recorded since 2003. Russia imports and exports its products and services primarily to neighboring countries or countries in Europe. Russia’s most important trade partner is arguably China, potentially due to shared borders and strong political relations between the two nations. China is accountable for roughly 19.2 percent of all of Russia’s imports, however only makes up roughly 8.3 percent of the country’s total exports. China has become an important import partner for many nations around the world as well as a country where larger companies can manufacture goods at a cheaper price.

Russia GDP per Person Employed: 2021 PPP data was reported at 82,882.655 Intl $ in 2023. This records an increase from the previous number of 79,114.382 Intl $ for 2022. Russia GDP per Person Employed: 2021 PPP data is updated yearly, averaging 65,556.272 Intl $ from Dec 1991 (Median) to 2023, with 33 observations. The data reached an all-time high of 82,882.655 Intl $ in 2023 and a record low of 41,354.348 Intl $ in 1996. Russia GDP per Person Employed: 2021 PPP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Employment and Unemployment. GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2021 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.;World Bank, World Development Indicators database. Estimates are based on employment, population, GDP, and PPP data obtained from International Labour Organization, United Nations Population Division, Eurostat, OECD, and World Bank.;Weighted average;

Key information about Russia Nominal GDP

• Russia Nominal GDP reached 677.5 USD bn in Dec 2022, compared with 643.8 USD bn in the previous quarter.
• Nominal GDP in Russia is updated quarterly, available from Mar 1993 to Dec 2022, with an average number of 292.0 USD bn.
• The data reached an all-time high of 677.5 USD bn in Dec 2022 and a record low of 24.1 USD bn in Mar 1993.

CEIC converts quarterly Nominal GDP into USD. Federal State Statistics Service provides Nominal GDP in local currency based on SNA 2008. The Bank of Russia average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 2011 is based on SNA 1993.


Related information about Russia Nominal GDP

• In the latest reports, Russia GDP contracted 3.5 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 8.2 % in Dec 2022.
• Russia GDP Per Capita reached 15,074.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 35.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 28.9 % in Dec 2022.
• Public Consumption accounted for 17.5 % in Dec 2022.
• Private Consumption accounted for 47.3 % in Dec 2022.

Graph and download economic data for Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Russia (KCPPPGRUA156NUPN) from 1990 to 2010 about Russia, PPP, per capita, consumption, real, and GDP.

This data collection consists of transcripts from 12 focus group discussions on themes related to social equality in Russia. The focus group discussions were conducted by the Institute of Applied Politics in Moscow, directed by Dr Kryshtanovskaya; using a discussion guide written by the Investigators. They were held in 12 cities chosen to represent different regions of the country, with an emphasis on provincial cities: Ufa, Kaliningrad, Ekaterinburg, Tiumen, Saratov, Ulyanovsk, Volgograd, Ivanovo, Irkutsk, Obolensk, Vladivostok and Protvino. The respondents included a mix of ages, genders, blue and white collar workers. The focus groups in Protvino and Ulyanovsk were held only for respondents age 18-29.

The focus group discussions dealt with household and national economic change, perceptions of social fairness, and welfare values. Specifically, respondents were asked about the state of the national and local economies, their household economy, how they define rich and poor people and how they position themselves in relation to these categories. They were asked about whether they perceived differences in wealth between individuals, regions and between urban and rural areas as fair, and whether such differences are increasing or decreasing. Finally they were asked about whether the rich should take more responsibility for the welfare of the poor, about their own personal responsibility and that of the state and businesses, as well as about progressive income taxes and the degree to which the state should control the economy. The discussion guide is provided in Russian and English.

Basic information about the respondents, including gender, age, and occupation are provided at the top of each focus group transcript. Each participant is identified by their given name only.

The transcripts are provided in Russian. The Russian text was transcribed by the Institute of Applied Politics from audio files.

A parallel set of focus groups was conducted in China and are available as the collection Social equality forum China: Focus group transcripts (see Related Resources).

Taken together, Russia and China account for 41 per cent of the total territory of the BRICs and 63 per cent of their GDP/PPP. On Goldman Sachs projections China will be the world’s largest economy by 2050, and Russia its sixth largest. The project will seek to examine the following propositions: (1) that these two BRIC countries are becoming increasingly unequal; (2) that within them, political power and economic advantage are increasingly closely associated; (3) that their political systems have increasingly been employed to ensure that no effective challenge can be mounted to that combination of government position and economic advantage; (4) that set against a broader comparative perspective, an increasingly unequal society in which government is effectively immune from conventional challenge is likely to become increasingly regressive, or unstable, or both. Evidence will be drawn from official statistics, interviews with policy specialists and government officials, two dozen focus groups, and an analysis of the composition of the management boards of the largest companies in both countries. A final part of the analysis will employ crossnational evidence to test a series of hypotheses relating to the association between inequality and political instability on a more broadly comparative basis.

Russia RU: GNI per Capita: PPP: 2017 Price data was reported at 26,873.061 Intl $ in 2022. This records a decrease from the previous number of 27,399.998 Intl $ for 2021. Russia RU: GNI per Capita: PPP: 2017 Price data is updated yearly, averaging 26,006.750 Intl $ from Dec 2012 (Median) to 2022, with 11 observations. The data reached an all-time high of 27,399.998 Intl $ in 2021 and a record low of 24,782.029 Intl $ in 2016. Russia RU: GNI per Capita: PPP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Russian Federation – Table RU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2017 international dollars.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;Weighted average;

Graph and download economic data for Investment Share of Purchasing Power Parity Converted GDP Per Capita at current prices for Russia (CIPPPGRUA156NUPN) from 1990 to 2010 about Russia, PPP, investment, per capita, and GDP.

In 2021, the BRICS countries with the highest estimated GDP per capita were Russia and China, with between 12,000 and 13,000 U.S. dollars per person. Brazil and South Africa's GDP per capita are thought to be closer to the 7,000 mark, while India's GDP per capita is just over 2,000 U.S. dollars. This a significant contrast to figures for overall GDP, where China has the largest economy by a significant margin, while India's is the second largest. The reason for this disparity is due to population size. For example, both China's population and overall GDP are roughly 10 times larger than those of Russia, which results in them having a comparable GDP per capita. Additionally, India's population is 23 times larger than South Africa's, but it's GDP is just seven times larger; this results in South Africa having a higher GDP per capita than India, despite it being the smallest of the BRICS economies.