This statistic shows the gross domestic product (GDP) 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 in Russia was around 2.01 trillion U.S. dollars. 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. As a result, 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 2 years and has since experienced exponential economical 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.

The Gross Domestic Product (GDP) in Russia was worth 2021.42 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Russia represents 1.92 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.

Os dados de Dívida do Governo:% do PIB da Rússia foram registrados em 14.6 % em 2024-03. Este registro de uma queda com relação aos números anteriores de 14.9 % em 2023-12. Os dados de Dívida do Governo:% do PIB da Rússia são atualizados trimestral, com uma média de 12.7 % em 2011-12 até 2024-03, com 50 observações. Os dados alcançaram um alto recorde de 17.8 % em 2021-03 e um baixo recorde de 8.5 % em 2012-03. Os dados de Dívida do Governo:% do PIB da Rússia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Government Debt: % of Nominal GDP: Quarterly.

Os dados de Crescimento Real do PIB da Rússia foram registrados em -2.6 % em 2023-03. Este é um registro de um aumento com relação aos números anteriores de -3.2 % em 2022-12. Os dados de Crescimento Real do PIB da Rússia são atualizados trimestral, com uma média de 2.7 % em 1996-03 até 2023-03, com 109 observações. Os dados alcançaram um alto recorde de 12.3 % em 1999-12 e um baixo recorde de -9.4 % em 2009-06. Os dados de Crescimento Real do PIB da Rússia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Real GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

Monthly GDP YoY in Russia increased to 4.50 percent in December from 3.60 percent in November of 2024. This dataset includes a chart with historical data for Russia Monthly GDP YoY.

O Produto Interno Bruto (PIB) da Rússia expandiu 3,10 por cento no terceiro trimestre de 2024 em relação ao mesmo trimestre do ano anterior. Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Rússia - PIB Taxa de Crescimento Anual.

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.

Os dados de PIB nominal da Rússia foram registrados em 677.5 USD bn em 2022-12. Este é um registro de um aumento com relação aos números anteriores de 643.8 USD bn em 2022-09. Os dados de PIB nominal da Rússia são atualizados trimestral, com uma média de 292.0 USD bn em 1993-03 até 2022-12, com 120 observações. Os dados alcançaram um alto recorde de 677.5 USD bn em 2022-12 e um baixo recorde de 24.1 USD bn em 1993-03. Os dados de PIB nominal da Rússia permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Nominal GDP: USD: Quarterly: Europe and Central Asia.

Russia recorded a Government Debt to GDP of 14.90 percent of the country's Gross Domestic Product in 2023. This dataset provides - Russia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Russia's gross domestic product (GDP) was estimated to have increased by 3.2 percent in October 2024 compared to the same month of the previous year. In April 2023, the monthly GDP growth was positive for the first time since March 2022. In April 2020, the country’s GDP fell by nearly 10 percent as a result of the crisis caused by the coronavirus (COVID-19) pandemic as well as the oil price crash. Russian economy outlook for 2025 Russia’s annual GDP was projected to increase by 1.35 percent in 2025. The level of prices in the country was expected to continue growing, with the inflation rate forecast at 4.7 percent in that year. Post-pandemic economic recovery in selected countries Countries across the world saw a sharp decrease in GDP in 2020 due to the COVID-19 pandemic. In 2023, the European Commission foresaw an increase in all European Union (EU) members' GDP, ranging from the lowest of 1.1 percent in Sweden and Italy to the highest of five percent in Ireland. In Latin America, the most significant increase in GDP was recorded in Peru, at 5.2 percent in 2022.

GDP Constant Prices in Russia increased to 36921 RUB Billion in the third quarter of 2024 from 34667.89 RUB Billion in the second quarter of 2024. This dataset provides - Russia GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Russia GDP.

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.

Key information about Russia Nominal GDP Growth

• Russia Nominal GDP Growth was reported at 19.527 % in Mar 2024.
• This records an increase from the previous number of 19.473 % for Dec 2023.
• Russia Nominal GDP Growth data is updated quarterly, averaging 19.527 % from Mar 1994 to Mar 2024, with 121 observations.
• The data reached an all-time high of 544.118 % in Mar 1994 and a record low of -10.715 % in Jun 2020.
• Russia Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Federal State Statistics Service provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 2012 is based on SNA 1993.

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.

O Produto Interno Bruto per capita na Rússia foi registrado pela última vez em 10420,57 dólares americanos em 2023. O PIB per capita na Rússia equivale a 83 por cento da média mundial. Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Rússia - PIB per capita.

Russia GDP Composition by Sector, 2016 Discover more data with ReportLinker!

Graph and download economic data for Nominal Gross Domestic Product for Russia (NGDPNSAXDCRUQ) from Q1 1994 to Q3 2024 about Russia and GDP.

Russia's oil and gas industry accounted for 16.7 percent of the country's gross domestic product (GDP) between April and June 2024. That constituted a slight decrease compared to 18 percent recorded in the first three months of 2024.