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: Industry (Except Construction) for Russia (RUSPROINDMISMEI) from Jan 1993 to Dec 2021 about Russia, IP, and indexes.

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.

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.

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.

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.

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.

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.

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.

Graph and download economic data for Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Russia (LMUNRLTTRUQ647N) from Q3 1991 to Q4 2021 about Russia, participation, and unemployment.

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

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.

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.

Russia Industrial Production: OKVED2: Manufacturing (Mfg) data was reported at 6,436.600 RUB bn in Feb 2025. This records an increase from the previous number of 6,161.293 RUB bn for Jan 2025. Russia Industrial Production: OKVED2: Manufacturing (Mfg) data is updated monthly, averaging 4,447.014 RUB bn from Jan 2017 (Median) to Feb 2025, with 98 observations. The data reached an all-time high of 9,074.785 RUB bn in Dec 2024 and a record low of 2,291.312 RUB bn in Jan 2017. Russia Industrial Production: OKVED2: Manufacturing (Mfg) 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. [COVID-19-IMPACT]

Key information about Russia Industrial Production Index Growth

• Russia Industrial production rose 2.2 % YoY in Jan 2025, following an increase of 8.2 % YoY in the previous month.
• Russia Industrial production index growth rate YoY data is updated monthly, available from Jan 2014 to Jan 2025, with an average rate of 2.8 %.
• The data reached an all-time high of 12.9 % in May 2021 and a record low of -7.7 % in May 2020.

CEIC calculates monthly Industrial Production Index Growth from monthly Industrial Production Index. Federal State Statistics Service provides Industrial Production Index with base Same Month Previous Year=100 based on OKPD2/OKVED2 with benchmark year 2018. Industrial Production Index Growth prior to January 2015 is calculated from Industrial Production Index with benchmark year 2010.

Russia RU: Pharmaceutical Industry: Total Exports data was reported at 2.523 USD bn in 2021. This records an increase from the previous number of 1.039 USD bn for 2020. Russia RU: Pharmaceutical Industry: Total Exports data is updated yearly, averaging 315.687 USD mn from Dec 1996 (Median) to 2021, with 26 observations. The data reached an all-time high of 2.523 USD bn in 2021 and a record low of 99.550 USD mn in 2000. Russia RU: Pharmaceutical Industry: Total Exports 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: Trade Statistics: 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. Previously collected and compiled indicators 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.