The Gross Domestic Product (GDP) in Russia expanded 1.10 percent in the second 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.

Russia's gross domestic product (GDP) was estimated to have increased by 1.2 percent in May 2025 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.

Russia's gross domestic product (GDP) was estimated to grow by 4.1 percent in 2024 compared to the previous year. To compare, in 2022, the country's GDP dropped by around 1.44 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.

Monthly GDP YoY in Russia decreased to 0.40 percent in July from 1.10 percent in June of 2025. This dataset includes a chart with historical data for Russia Monthly GDP YoY.

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.

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.

The Gross Domestic Product per capita in Russia was last recorded at 11043.26 US dollars in 2024. The GDP per Capita in Russia is equivalent to 87 percent of the world's average. This dataset provides the latest reported value for - Russia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Russia's real GDP was forecast to fall by less than one percent in 2023. In 2022, the economy shrank by over two percent, largely impacted by the invasion of Ukraine and subsequent Western sanctions on Russia. The coronavirus (COVID-19) pandemic negatively affected the indicator in 2020, leading to its decline by 2.7 percent in that year.

Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Baseline Scenario data was reported at 2.242 % in 2026. This records a decrease from the previous number of 2.263 % for 2025. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Baseline Scenario data is updated yearly, averaging 2.259 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 4.700 % in 2021 and a record low of -3.000 % in 2020. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data was reported at 1.520 % in 2026. This records an increase from the previous number of 1.453 % for 2025. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data is updated yearly, averaging 1.453 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 3.851 % in 2021 and a record low of -3.000 % in 2020. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

Russia MED Forecast: Export Products: Non Oil and Gas: as % of GDP: Conservative Scenario data was reported at 12.225 % in 2026. This records a decrease from the previous number of 12.274 % for 2025. Russia MED Forecast: Export Products: Non Oil and Gas: as % of GDP: Conservative Scenario data is updated yearly, averaging 12.227 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 13.068 % in 2021 and a record low of 10.846 % in 2022. Russia MED Forecast: Export Products: Non Oil and Gas: as % of GDP: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Russia MED Forecast: Wage Fund of Organizations: YoY: Baseline Scenario data was reported at 7.250 % in 2026. This records a decrease from the previous number of 7.308 % for 2025. Russia MED Forecast: Wage Fund of Organizations: YoY: Baseline Scenario data is updated yearly, averaging 10.649 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 13.946 % in 2022 and a record low of 5.884 % in 2020. Russia MED Forecast: Wage Fund of Organizations: YoY: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Russia Premium Database’s Forecast – Forecast of The Social and Economic Development of The Russian Federation.

This statistic shows the gross domestic product (GDP) per capita in Russia from 1997 to 2024, with projections up until 2030. 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 2024, the GDP per capita in Russia was around 14,794.7 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.

Key information about Russia Domestic Credit Growth

• Russia Domestic Credit increased 19.1 % YoY in Jan 2025, compared with an increase of 19.7 % YoY in the previous month
• Russia Domestic Credit Growth YoY data is updated monthly
• It averaged 21.6 %, available from Dec 2001 to Jan 2025
• The data reached an all-time high of 49.7 % in May 2007 and a record low of -9.3 % in Apr 2005

• In the latest reports, Russia Domestic Credit reached 1,442.5 USD bn in Jan 2025
• Money Supply M2 in Russia increased to 1,189.6 USD bn YoY in Jan 2025
• Russia Foreign Exchange Reserves was measured at 386.4 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 14.9 Months of Import in Oct 2024
• The country's Non Performing Loans Ratio stood at 16.8 % in Nov 2020, compared with the ratio of 17.0 % in the previous month
• Household Debt of Russia reached 20.4 % in Mar 2024, accounting for 20.4 % of the country's Nominal GDP

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2020 to 2024, with projections up until 2030. 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. In 2024, the growth of the real gross domestic product in the United States was around 2.8 percent compared to the previous year. See U.S. GDP per capita and the US GDP for more information. Real gross domestic product (GDP) of the United States The gross domestic product (GDP) of a country is a crucial economic indicator, representing the market value of the total goods and services produced and offered by a country within a year, thus serving as one of the indicators of a country’s economic state. The real GDP of a country is defined as its gross domestic product adjusted for inflation. An international comparison of economic growth rates has ranked the United States alongside other major global economic players such as China and Russia in terms of real GDP growth. With further growth expected during the course of the coming years, as consumer confidence continues to improve, experts predict that the worst is over for the United States economy. A glance at US real GDP figures reveals an overall increase in growth, with sporadic slips into decline; the last recorded decline took place in Q1 2011. All in all, the economy of the United States can be considered ‘well set’, with exports and imports showing positive results. Apart from this fact, the United States remains one of the world’s leading exporting countries, having been surpassed only by China and tailed by Germany. It is also ranked first among the top global importers. Despite this, recent surveys revealing Americans’ assessments of the U.S. economy have yielded less optimistic results. Interestingly enough, this consensus has been mutual across the social and environmental spectrum. On the other hand, GDP is often used as an indicator for the standard of living in a country – and most Americans seem quite happy with theirs.

Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data was reported at 3.679 % in 2026. This records an increase from the previous number of 3.458 % for 2025. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data is updated yearly, averaging 3.933 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 15.800 % in 2022 and a record low of 0.900 % in 2020. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

Russia MED Forecast: Import Products: as % of GDP: Conservative Scenario data was reported at 17.328 % in 2026. This records a decrease from the previous number of 17.356 % for 2025. Russia MED Forecast: Import Products: as % of GDP: Conservative Scenario data is updated yearly, averaging 17.220 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 17.356 % in 2025 and a record low of 12.165 % in 2022. Russia MED Forecast: Import Products: as % of GDP: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Due to the COVID-19 pandemic, the population's real disposable income in Russia declined by three percent in 2020. In the following year, the income growth was forecast at 3.7 percent, after which it would decline to 2.1 percent in 2025.

Key information about Russia Retail Sales Growth

• Russia Retail Sales grew 5.4 % YoY in Jan 2025, compared with a 5.2 % increase in the previous month.
• Russia Retail Sales Growth YoY data is updated monthly, available from Jan 1994 to Jan 2025, with an average growth rate of 4.6 %.
• The data reached an all-time high of 36.3 % in Apr 2021 and a record low of -22.0 % in Apr 2020.
• In the latest reports, Car Sales of Russia recorded 79,941.0 units in Feb 2025, representing a drop of 5.9 %.

Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Conservative Scenario data was reported at 3.665 % in 2026. This records an increase from the previous number of 2.411 % for 2025. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Conservative Scenario data is updated yearly, averaging 3.938 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 15.800 % in 2022 and a record low of 0.900 % in 2020. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.