Russia recorded a Government Budget deficit equal to 1.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - Russia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The income of Russia's federal budget reached over 29 trillion Russian rubles in 2021, which was approximately 3.3 trillion Russian rubles below its expenditure. In other words, Russia achieved a budget deficit in that year. For instance, in the second quarter of 2023, the budget deficit was recorded at 2.35 trillion Russian rubles.

Russia spent approximately 149 billion current U.S. dollars on its military expenses in 2024, having increased its spending by 36 percent from the previous year. Over the observed period, the highest military expenditure of the country was recorded in 2024. Which country has the largest military budget? The United States spent the most on its military in 2023, followed by China and Russia. With an annual defense budget of around 916 billion U.S. dollars at constant prices, the United States accounted for 37 percent of the global expenditure in that year. To compare, Russia ranked third by military spending, having occupied 4.5 percent of the total. To compare, in 2021, Russia was fifth after the U.S., China, India, and Saudi Arabia. How powerful is the Russian Army? Based on the Global Firepower PowerIndex score, which considers a series of indicators including weapons, manpower, natural resources, and finances, Russia has the second-most powerful army in the world after the United States. Furthermore, with over 4,000 objects, Russian follows the United States in the ranking of countries with the largest military aircraft fleet. In terms of active military personnel, Russia places fourth with 1.32 million staff.

The United States led the ranking of the countries with the highest military spending in 2024, with 997 billion U.S. dollars dedicated to the military. That constituted almost 40 percent of the total military spending worldwide that year, which amounted to 2.7 trillion U.S. dollars. This amounted to 3.4 percent of the U.S.'s gross domestic product (GDP), placing the country lower in the ranking of military expenditure as a percentage of GDP, compared to Ukraine, Israel, Algeria, Saudi Arabia, and Russia. China was the second largest military spender, with an estimated 314 billion U.S. dollars spent, with Russia following in third. Defense budgetAccording to the U.S. Congressional Budget Office, the outlays for defense will rise to 1.1 trillion U.S. dollars by 2033. The largest parts of the budget are dedicated to the Departments of the Navy and the Air Force. The budget for the U.S. Air Force for 2024 was nearly 260 billion U.S. dollars.Global military spendingThe value of military spending globally has grown steadily in the past years and reached 2.7 trillion U.S. dollars in 2024. Reasons for this are the outbreak of the Russia-Ukraine war in 2022, the war in Gaza, as well as increasing tensions in the South China Sea. North America is by far the leading region worldwide in terms of expenditure on the military.

Military Expenditure in Russia increased to 148967.30 USD Million in 2024 from 109203.60 USD Million in 2023. Russia Military Expenditure - values, historical data, forecasts and news - updated on August of 2025.

The average for 2022 based on 163 countries was 100 billion U.S. dollars. The highest value was in the USA: 3566.53 billion U.S. dollars and the lowest value was in Palau: 0.09 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Key information about Russia Household Expenditure per Capita

• Russia Annual Household Expenditure per Capita reached 5,573.189 USD in Dec 2023, compared with the last update number of 6,165.852 USD in Dec 2022.
• Russia Annual Household Expenditure per Capita data is updated yearly, available from Dec 2000 to Dec 2023, with an averaged value of 4,873.313 USD.
• The data reached an all-time high of 7,823.981 USD in Dec 2013 and a record low of 735.190 USD in Dec 2000.
• In the latest reports, Retail Sales of Russia grew 9.100 % YoY in Jan 2024.

CEIC calculates Annual Household Expenditure per Capita from Monthly Average Household Expenditure per Capita multiplied by 12 and converts it into USD. Federal State Statistics Service provides Average Household Expenditure per Capita in local currency. The Bank of Russia average market exchange rate is used for currency conversions.

RU: GBARD: PPP: 2015p data was reported at 18.868 USD bn in 2020. This records an increase from the previous number of 16.898 USD bn for 2019. RU: GBARD: PPP: 2015p data is updated yearly, averaging 15.003 USD bn from Dec 1991 (Median) to 2020, with 30 observations. The data reached an all-time high of 52.701 USD bn in 1991 and a record low of 6.407 USD bn in 1998. RU: GBARD: PPP: 2015p 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: Government Budgets for Research and Development: 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.

Russia RU: Military Expenditure data was reported at 66.335 USD bn in 2017. This records a decrease from the previous number of 69.245 USD bn for 2016. Russia RU: Military Expenditure data is updated yearly, averaging 27.337 USD bn from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 88.353 USD bn in 2013 and a record low of 6.469 USD bn in 1999. Russia RU: Military Expenditure 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: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another).; ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates. For additional details please refer to the military expenditure database on the SIPRI website: https://sipri.org/databases/milex

In 2023, consumers in Russia spent an average of ***** U.S. dollars, marking an increase by roughly *** U.S. dollars in the average annual household expenditure per capita compared to the previous year. Consumption in Russia The consumer confidence index (CCI) which measures consumers’ perception of job prospects, personal finances, and spending intentions, was measured at ** points in the last quarter of 2021 in Russia. That marked a 10-index-point-increase compared to the equivalent period of the previous year. Even though Russian consumers were more optimistic in 2021 than the year before, at least one-third of the population aged over 18 years reported their disposition to spend less over the next year, according to a 2021 survey. Food consumption in Russia Food-related expenses of an average Russian accounted for roughly one-third of the total consumer budget in the country. This share was greater in 2020, which can be explained by COVID-19-related lockdowns and pandemic-induced grocery stocking. Meat, fish, and cheese were among the priciest grocery items in Russia in 2022. Butter was the third-most expensive food product after domestic cognac and black leaf tea in that year, with an average retail price of over *** Russian rubles per kilogram.

The city of Moscow was planned to have a budget deficit between 2024 and 2026. In 2024, the Russian capital's budget plan set an income of 4.29 trillion Russian rubles. The city's spending was set at 4.79 trillion Russian rubles in the same year.

According to Cognitive Market Research, the global Body Armor Parts market size will be USD 2514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1005.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 754.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 578.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 125.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The Level II category is the fastest growing segment of the Body Armor Parts industry

Market Dynamics of Body Armor Parts Market

Key Drivers for Body Armor Parts Market

Rising Defense Budgets in Emerging Economies to Boost Market Growth

Countries in Asia-Pacific, Latin America, the Middle East, and Africa are significantly investing in modernizing their military and law enforcement equipment, driving substantial demand for body armor components. Global military expenditure reached a record $2,240 billion in 2022, marking a 3.7% real-term increase from the previous year. Over the decade from 2013 to 2022, worldwide military spending grew by 19% and has consistently risen annually since 2015. Russia’s defense budget surged by 24% in 2023 to an estimated $109 billion, reflecting a 57% increase since 2014 when it annexed Crimea. In 2023, military spending accounted for 16% of Russia’s total government expenditure, with a military burden (spending as a percentage of GDP) of 5.9%. Ukraine ranked as the eighth-largest military spender in 2023, with a remarkable 51% rise in defense spending to $64.8 billion. This constituted a military burden of 37% and accounted for 58% of the nation’s total government expenditure. Heightened regional conflicts and growing security concerns in these regions are accelerating the adoption of advanced body armor solutions.

Growth in Civilian and Private Security Markets to Drive Market Growth

Rising crime rates and growing concerns about personal safety have driven increased demand for body armor among civilians, particularly in high-risk areas. In 2023, the FBI reported a violent crime rate of 363.8 incidents per 100,000 people. In Canada, the Crime Severity Index (CSI), which measures the volume and severity of police-reported crime, rose by 2% in 2023, marking the third consecutive year of increases and continuing an upward trend since 2015. Additionally, non-violent crimes such as fraud (+12%), shoplifting involving amounts under $5,000 (+18%), and motor vehicle theft (+5%) also saw notable increases in 2023. The expanding presence of private security firms worldwide, particularly in developing nations, offers a lucrative market for body armor components. Furthermore, growing adoption among high-net-worth individuals and executives seeking personal protection presents niche growth opportunities.

Restraint Factor for the Body Armor Parts Market

High Costs of Advanced Body Armor Will Limit Market Growth

Advanced materials such as Kevlar, Dyneema, and ceramic composites are costly, making high-performance body armor parts expensive to produce and purchase. Many smaller law enforcement agencies, security firms, and individuals may struggle to afford high-quality body armor, limiting market penetration. Defense budgets in some countries are constrained, prioritizing other military expenditures over advanced body armor acquisitions. While advanced materials aim to reduce weight, many body armor components, especially those designed for high-threat scenarios, remain bulky and uncomfortable. The lack of ergonomic designs in some armor parts may impede mobility, affecting the user’s performance and adoption in certain sectors.

Impact of Covid-19 on the Body Armor Parts Market

Lockdowns, trav...

Ukraine's military expenditure decreased by 0.3 percent between 2023 and 2024, having reached 64.7 billion current U.S. dollars. In 2022, when the Russian invasion of Ukraine began, Ukraine increased its defense budget significantly to over 41 billion current U.S. dollars and became one of the countries with the highest military expenditure worldwide. Furthermore, Ukraine was the country with the most significant increase in defense spending over the past decade. Key figures on the Ukrainian Army The number of active military personnel in Ukraine reached 900,000 as of May 2025. Active soldiers exclude reservists and paramilitary personnel. Moreover, Ukraine has one of the most powerful militaries in Europe as per PowerIndex score, which considers military might, financials, as well as logistics and geography. How much of its GDP does Ukraine on defense?
Ukraine’s military spending accounted for over one-third of its gross domestic product (GDP) in 2024. This share was considerably larger than in 2021, when it stood at 3.4 percent. The country’s ratio of defense expenditure to GDP has been saw a decline in 2024.

According to Cognitive Market Research, the global Body Armor Accessories market size will be USD 2914.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1165.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 874.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 670.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 145.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 58.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The Helmets category is the fastest growing segment of the Body Armor Accessories industry

Market Dynamics of Body Armor Accessories Market

Key Drivers for Body Armor Accessories Market

Rising Defense Budgets in Emerging Economies to Boost Market Growth

Countries in Asia-Pacific, Latin America, the Middle East, and Africa are significantly investing in modernizing their military and law enforcement equipment, driving substantial demand for body armor components. Global military expenditure reached a record $2,240 billion in 2022, marking a 3.7% real-term increase from the previous year. Over the decade from 2013 to 2022, worldwide military spending grew by 19% and has consistently risen annually since 2015. Russia’s defense budget surged by 24% in 2023 to an estimated $109 billion, reflecting a 57% increase since 2014 when it annexed Crimea. In 2023, military spending accounted for 16% of Russia’s total government expenditure, with a military burden (spending as a percentage of GDP) of 5.9%. Ukraine ranked as the eighth-largest military spender in 2023, with a remarkable 51% rise in defense spending to $64.8 billion. This constituted a military burden of 37% and accounted for 58% of the nation’s total government expenditure. Heightened regional conflicts and growing security concerns in these regions are accelerating the adoption of advanced body armor solutions.

Rising Numbers of Armed Forces Personnel to Drive Market Growth

The rising global number of armed personnel, especially in major economies, is driving the growing demand for body armor. As of September 2023, the US military had approximately 2.86 million personnel worldwide. According to the CIA, the US has the third-largest active military in the world, behind only China and India. In the US alone, there were around 1.3 million active-duty military members in 2023, with 168,571 permanently stationed overseas. The US military’s largest presence is in Japan and Germany, where 32% and 21% of active-duty troops, respectively, are permanently assigned. In recent years, there has been a notable increase in procurement as governments respond to rising conflicts and expanding military deployments in volatile regions. As tensions grow and deployments increase, the demand for protective gear is escalating. This expanding number of armed forces personnel, along with intensified government efforts to ensure their safety, is expected to drive significant growth in the body armor market in the coming years, highlighting the need for advanced protective equipment to address evolving global security challenges.

Restraint Factor for the Body Armor Accessories Market

Strict Government Guidelines Will Limit Market Growth

The body armor plate market is highly regulated and subject to various laws and standards. The National Institute of Justice (NIJ), the United States Department of Defense (DoD), and Underwriters Laboratories (UL India) are the primary regulatory bodies responsible for testing the quality of body armor. Vendors manufacturing and selling armor plates must meet strict requirements regarding the level of protection their products provide against different threats. These standards help determine the degree of protection an armor plate can offer. However, o...

In 2022, secondary education was the major segment for the Russian government's spending, measured at over *** trillion Russian rubles, followed by preschool and higher education. Applied scientific research in that segment received **** billion Russian rubles.

What percent of the Russian GDP goes to education?

Government spending on education accounted for less than **** percent of the Russian GDP in 2021, a figure that has slightly decreased in recent years. However, Russia’s education spending was lower than in OECD countries on average, which was measured at *** percent in 2018. For comparison, the United States spent *** percent of GDP on education in that year.

How much does Russia spend on education?

In total, the government expended nearly *** trillion Russian rubles on the educational sector in 2022. Looking at the average spending per student, the highest figure was recorded for higher education, at *** thousand Russian rubles. That was equal to approximately *** thousand U.S. dollars. To compare, on average in OECD, the tertiary education expenditure per student neared **** thousand U.S. dollars in 2019.

In 2024, global government expenditure for space programs hit a record of approximately 135 billion U.S. dollars. The United States Government spent around 79.7 billion U.S. dollars on its space programs in than year, making it the country with the highest space expenditure in the world. The U.S. was followed by China, with government expenditure on space programs of over 19 billion U.S. dollars. The Space Agencies Responsible for civilian space programs, as well space research and exploration, the space agencies have gained in importance over the past decades. Today, there are six government space agencies (NASA, CNSA, ROSCOSMOS, ESA, ISRO, and JAXA) with full launch and extraterrestrial landing capabilities. The National Aeronautics and Space Administration (NASA) is undoubtedly the most renowned of them all. Since its establishment in 1958, NASA has worked with international partners to enable human expansion across the solar system and beyond, bringing new knowledge and opportunities back to our home planet. It is therefore not surprising that most of their budget goes to toward science and exploration. NASA’s requested FY 2024 budget for all sectors is 27.2 billion U.S. dollars.

In 2023, the United States spent around 916.02 billion U.S. dollars on its military. U.S. military spending has been increasing in current dollar terms since 2016. Spending increased dramatically in 2022 after the Russian invasion of Ukraine. After the first year of the war, the U.S. had contributed more than 40 billion euros worth of military aid to Ukraine. What military spending entails Military spending in the United States is the part of the national outlays of the Department of Defense. While the department has over two trillion dollars in budgetary resources, its outlays - money actually paid out - are significantly lower. This budget is designated for the four branches of the United States military, and is used for everything from salaries, trainings, development of new military technologies, and new aircraft and weaponry. The high cost of U.S. spending The United States is well known for spending more on its military than any other country. In 2023, it was estimated that per capita defense spending amounted to 2,220 U.S. dollars. While this figure is extremely high, many Americans may find it worthwhile, as a majority believe the United States to be the number one military power in the world.

As of 2025,the combined forces of NATO had approximately 3.44 million active military personnel, compared with 1.32 million active military personnel in the Russian military. The collective military capabilities of the 32 countries that make up NATO outnumber Russia in terms of aircraft, at 22,377 to 4,957, and in naval power, with 1,143 military ships, to 419. In terms of ground combat vehicles, NATO had an estimated 11,495 main battle tanks, to Russia's 5,750. The combined nuclear arsenal of the United States, United Kingdom, and France amounted to 5,559 nuclear warheads, compared with Russia's 5,580. NATO military spending In 2024, the combined military expenditure of NATO states amounted to approximately 1.47 trillion U.S. dollars, with the United States responsible for the majority of this spending, as the U.S. military budget amounted to 967.7 billion dollars that year. The current U.S. President, Donald Trump has frequently taken aim at other NATO allies for not spending as much on defense as America. NATO member states are expected to spend at least two percent of their GDP on defense, although the U.S. has recently pushed for an even higher target. As of 2024, the U.S. spent around 3.38 percent of its GDP on defense, the third-highest in the alliance, with Estonia just ahead on 3.43 percent, and Poland spending the highest share at 4.12 percent. US aid to Ukraine The pause in aid to Ukraine from the United States at the start of March 2025 marks a significant policy change from Ukraine's most powerful ally. Throughout the War in Ukraine, military aid from America has been crucial to the Ukrainian cause. In Trump's first term in office, America sent a high number of anti-tank Javelins, with this aid scaling up to more advanced equipment after Russia's full-scale invasion in 2022. The donation of around 40 HIMARs rocket-artillery system, for example, has proven to be one of Ukraine's most effective offensive weapons against Russia. Defensive systems such as advanced Patriot air defense units have also helped protect Ukraine from aerial assaults. Although European countries have also provided significant aid, it is unclear if they will be able to fill the hole left by America should the pause in aid goes on indefinitely.

The National Aeronautics and Space Administration (NASA) is an independent agency of the US Government, founded in 1958, taking over from the dissolved National Advisory Committee for Aeronautics (NACA). It oversees the US space program, as well as research into aeronautics and aerospace, while the Advanced Research Projects Agency (ARPA) oversees military matters regarding space. NASA was founded at the beginning of what has become known as the 'space race,' a period of Cold War history where the Soviet Union and the US competed for dominance and superiority of space technology. In 1957 the Soviet Union launched the first artificial satellite (Sputnik) into the earth's orbit, marking the first significant development in the space race. While the relationship between the US and Russia is much friendlier today, with both countries cooperating on space endeavors such as the International Space Station (ISS), it is important to remember that tensions between both nations were very high during this time, and the launch of the satellite displayed the potential ability to launch nuclear warheads from space.

America responds The US responded in 1958 with the launch of Explorer I, and this was also the year that NASA was founded. From the graph we can see that US investment in NASA in its infancy grew exponentially, jumping from 330 million US dollars in 1959 to 5.25 billion in 1965, which translates to approximately $34 billion in 2020 dollars, which is more than NASA has ever been allocated by the US government since its founding. During this time NASA also worked with the CIA and US Air Force to monitor Soviet military activity. The reason that the United States began investing more money during the early 60s was because of advancements made by the Soviets in this time, such as the launch of Luna 2, and Yuri Gagarin's first manned orbit of the earth. Three weeks after Yuri Gagarin's orbit, Alan Shepard became the first American man to go into space, and in February 1962 John Glenn became the first American to orbit the earth.

The Apollo Program In May 1961, President John F. Kennedy made the claim that the US would put a man on the moon before the end of the decade, and the Apollo project was born. The Apollo Program, which lasted between 1961 and 1972, cost almost 30 billion US dollars at the time. Kennedy's dream of landing man on the moon was achieved on July 20, 1969, when Neil Armstrong and Buzz Aldrin were the first men to stand on the moon, and NASA sent a further five manned missions to the moon, culminating with Apollo 17 in December 1972.

...and beyond By landing on the moon first, and with four failed attempts by the Soviets to land on the moon, the US claimed to have 'won' the space race. After this point government investment in NASA decreased to just 3 billion US dollars in 1974. From 1972 onwards NASA's main focuses have included the Space Shuttle Program, the ISS, and space exploration, among many others. While investment has gradually grown until today, the government has never invested money in space exploration in the same way it did during the space race. In 2019, fifty years after Apollo 11 landed on the moon, NASA's budget is 21.5 billion US dollars.

In 2022, the United States spent approximately ** billion U.S. dollars on nuclear weapons, the highest of any country in the world. China spent the second-highest amount, at nearly ** billion dollars, while Russia spent the third most at nearly ** billion dollars. Russia is also the country with the highest number of nuclear warheads in the world.