The manufacturing sector's gross value added accounted for 12.45 percent of Russia's gross domestic product (GDP) in 2023, the largest share among other industries. Wholesale and retail trade followed, with a share exceeding 12 percent. In total, Russia's GDP was estimated at 2.06 trillion U.S. dollars at current prices in 2024 and was forecast to increase in the years until 2029.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Russia from 2013 to 2023. In 2023, agriculture contributed around 3.35 percent to the GDP of Russia, 30.65 percent came from the industry and 56.88 percent from the service sector. Russia's struggling economy Russia is one of the so-called BRIC countries, the four major emerging markets. It is also considered to be one of the fastest growing economies, being one of the world’s leading producers and exporters of oil, natural gas, metals, wood, chemicals, and a wide variety of civilian and military manufactures. In 2015, Russia reported an estimated gross domestic product of about 1.18 billion U.S. dollars, making it one of the countries with the largest gross domestic product in the world. Due to its fast economic expansion, it is also predicted that Russia will have the sixth largest gross domestic product in the world by 2030. Despite a growing economy, Russia's unemployment rate has remained high in recent years. In 2010, the unemployment rate in Russia was at 7.3 percent, and after a slight plunge, it is expected to reach similar heights in the next few years again. Inflation has also increased rapidly in recent years, in 2015, it is expected to double in comparison to 2014, reaching approximately 18 percent - the highest inflation rate of the decade. 2015 is also marked by a large decline of Russia's gross domestic product: Between 2014 and 2015, GDP decreased by almost 5 thousand U.S. dollars. It is, however, expected to recover until 2020. Despite a trade deficit in the services sector from 2003 to 2013, the services sector in Russia has employed yearly over 55 percent of the workforce since 1999.

The statistic shows the distribution of the workforce across economic sectors in Russia from 2013 to 2023. In 2023, 5.69 percent of the workforce in Russia was employed in agriculture, 26.38 percent in industry and 67.93 percent in services. Russia’s economy The majority of Russia’s labor force works in the services sector, which accounts for more than half of the jobs in the country. About 30 percent work in the industry sector and the rest in agriculture. Interestingly, Russia is among the leading export countries worldwide and agricultural products, as well as meat, are among the main exported goods. Russia’s economy also profits significantly from selling and exporting fish and sea food. Due to large oil resources, Russia is also among the largest economies and the countries with the largest gross domestic product / GDP worldwide. Subsequently, living and working conditions in Russia should be above average, but for a long time, many Russians have struggled to get by. While conditions seem to improve nowadays, many Russians still live below the poverty line. One suggested reason for this is corruption, which has been cited as a severe problem for the country for a long time, and continues to pose difficulties for Russia’s economy. Illicit employment and the so-called “shadow economy”, which does not officially contribute to the fiscal system, yields amounts worth almost half of Russia’s gross domestic product. This can be seen on a ranking of the untaxed economy in selected countries as a share of GDP. In addition to oil, fish and agricultural products, Russia also manufactures and exports arms and weapons. It is ranked third among the countries with the highest military spending, and second among the countries, in which military spending accounts for a significant percentage of the gross domestic product.

The Gross Domestic Product (GDP) in Russia was worth 2173.84 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Russia represents 2.05 percent of the world economy. This dataset provides the latest reported value for - Russia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia (RUSPROMANAISMEI) from 1999 to 2021 about Russia, production, and manufacturing.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Russia (PRINTO01RUQ661N) from Q1 1993 to Q4 2021 about Russia, IP, and construction.

Industrial Production in Russia increased 1.80 percent in May of 2025 over the same month in the previous year. This dataset provides - Russia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia RU: GDP: % of GDP: Gross Value Added: Industry data was reported at 30.648 % in 2023. This records a decrease from the previous number of 32.096 % for 2022. Russia RU: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 31.780 % from Dec 1989 (Median) to 2023, with 35 observations. The data reached an all-time high of 46.597 % in 1989 and a record low of 27.932 % in 2014. Russia RU: GDP: % of GDP: Gross Value Added: Industry 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: Share of GDP. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

Retail and trade enterprises in Russia had a revenue of over 129 trillion Russian rubles in 2023, more than in other economic sectors. Mineral extraction followed with a revenue of around 29 trillion Russian rubles.

Graph and download economic data for Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Russia (RUSPROMANQISMEI) from Q1 1999 to Q4 2021 about Russia, production, and manufacturing.

Russia RU: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 619.516 USD bn in 2023. This records a decrease from the previous number of 727.294 USD bn for 2022. Russia RU: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 314.603 USD bn from Dec 1989 (Median) to 2023, with 35 observations. The data reached an all-time high of 727.294 USD bn in 2022 and a record low of 65.621 USD bn in 1999. Russia RU: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) 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: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

The Gross Domestic Product (GDP) in Russia expanded 1.40 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Russia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Before the pandemic, the Basic Chemical Manufacturing industry enjoyed a period of strong demand, particularly from Asia. Innovation in speciality chemicals and sustainability initiatives gained momentum, helping raise profitability. When the pandemic hit, supply chains were greatly disrupted while industrial output stumbled until socially distanced factory guidelines were adopted. As industrial output ramped up, manufacturers' revenue benefited from pent-up demand and government fiscal packages, leading to substantial infrastructure spending and stimulus. Russia's invasion of Ukraine added another spanner to works, though, with energy and feedstuff prices skyrocketing as a result of western countries' sanctions on Russian exports. Production costs escalated and business and consumer confidence was shot by rising living costs, denting demand throughout 2022 and 2023. Profitability has also been hit hard by soaring operational costs, which manufacturers have struggled to pass on to clients. Over the five years through 2024, revenue is forecast to fall at a compound annual rate of 5.3% to €217.5 billion, including a 4.8% contraction in 2024. Inflation concerns remain strong, although they are easing. Borrowing costs remain inflated, dissuading large investments in construction projects and cutting into sales of basic chemicals used in insulation and building plastics. Over the five years through 2029, basic chemical manufacturers' revenue is anticipated to grow at a compound annual rate of 2.7% to reach €248.1 billion. The long-term outlook of the industry is optimistic yet cautious. Growth depends on innovation in bio-based chemicals and circular economy solutions. Embracing digitalisation and automation will be key in lowering manual labour requirements and lifting productivity.

Graph and download economic data for Production: Manufacturing: Total Manufacturing for Russia (PRMNTO01RUA657S) from 2000 to 2021 about Russia, IP, and manufacturing.

Russia RU: GDP: Real: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data was reported at 3,722,872.732 RUB mn in 2023. This records an increase from the previous number of 3,720,353.945 RUB mn for 2022. Russia RU: GDP: Real: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data is updated yearly, averaging 2,910,238.669 RUB mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 3,722,872.732 RUB mn in 2023 and a record low of 1,778,997.022 RUB mn in 1998. Russia RU: GDP: Real: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing 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: Real. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

Graph and download economic data for Total Construction for the Russian Federation (PRCNTO01RUQ659S) from Q1 2005 to Q3 2018 about Russia, IP, and construction.

The gross domestic product (GDP) of Russia reached nearly 2.2 trillion U.S. dollars in 2024, having increased from the previous year. In the period between 2025 and 2030, the country's economy was expected to continue growing. 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. Russian economy The Russian economy is primarily directed by both the private sector and the state. As a member of the BRIC, Russia is currently experiencing an accelerated growth within the economy with a chance of earning a place in the G7 economies. As of the 1990s, a large amount of the country’s industrial and agricultural sectors were privatized, however energy and military production remained with the state for the most part. Thus, the majority of Russian exports consisted of energy products as well as high-tech military equipment. The effects of the global financial crisis of 2008 took a similar toll on the Russian economy, however only had short-term effects. Russia recovered after two years and has since experienced exponential economic growth and productivity due to aggressive and prompt actions from the government, providing Russia with one of the most profitable economies in the world. Additionally, unemployment reached an all-decade low from the recent Russian economic boom, which furthermore implies that there is a slight growth in wages, however is also accompanied by a large worker shortage.

In 2024, the total population of Russia was around 146.1 million people. Only a fraction of them live in the major Russian cities. With almost 12.5 million inhabitants, Moscow is the largest of them. In the upcoming years until 2030, the population was forecast to decline.Russia's economy Russia is one of the major economies in the world and is one of the wealthiest nations. Following the 1998 Russian financial crisis, Russia introduced several structural reforms that allowed for a fast economic recovery. Following these reforms, Russia experienced significant economic growth from the early 2000s and improved living standards in general for the country. A reason for the momentous economical boost was the rise in commodity prices as well as a boom in the total amount of consumer credit. Additionally, Russia is highly dependent on the mining and production of natural resources, primarily in the energy department, in order to promote economic growth in the country. Due to large energy reserves throughout the country, Russia has developed a stable economy capable of sustaining itself for many years into the future. The majority of Russian oil and energy reserves are located in the Western Siberian areas. These natural gas liquids, along with oil reserves that consist of crude oil, shale oil and oil sands are constantly used for the production of consumable oil, which is an annually growing industry in Russia. Oil products are one of Russia’s primary exports and the country is able to profit entirely off of sales due to high prices as well as high demand for such goods.

Russia Total Employment: Annual Growth: Industry including Energy data was reported at -0.950 % in 2019. This records a decrease from the previous number of -0.930 % for 2018. Russia Total Employment: Annual Growth: Industry including Energy data is updated yearly, averaging -0.940 % from Dec 2018 (Median) to 2019, with 2 observations. The data reached an all-time high of -0.930 % in 2018 and a record low of -0.950 % in 2019. Russia Total Employment: Annual Growth: Industry including Energy 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.PDB: Employment: by Industry: Non OECD Member: Annual.

Russia Industrial Production: OKVED2: Big & Medium Enterprises: MQ: Others data was reported at 33.899 RUB bn in Jan 2019. This records a decrease from the previous number of 45.326 RUB bn for Dec 2018. Russia Industrial Production: OKVED2: Big & Medium Enterprises: MQ: Others data is updated monthly, averaging 40.798 RUB bn from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 53.951 RUB bn in Mar 2017 and a record low of 33.899 RUB bn in Jan 2019. Russia Industrial Production: OKVED2: Big & Medium Enterprises: MQ: Others data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.BBB001: Industrial Production: All Industries.