In the first quarter of 2024, the real gross domestic product (GDP) of Russia grew by 5.4 percent compared to the same quarter of the previous year. The decline in GDP recorded between the second quarter of 2022 and the first quarter of 2023 was related to the economic impact of the war in Ukraine, in response to which Western countries imposed sanctions on Russia. However, the recent monthly GDP growth data reflects the resilience of the economy in the face of external pressure in the short term. GDP refers to the total market value of all goods and services produced within a country. It is an important indicator of economic strength. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. Trade with China has eased the sanctions’ pressure The dynamic trade relationship with China has likely played a key role in bolstering Russia's economic recovery, contributing to an over-three-percent GDP growth estimated for 2024. The importance of trade partnerships and their impact on GDP growth is underscored by the example of China's influence on both Russia's imports, especially of technology and equipment, and exports, particularly of fossil fuels. Russian economic growth in the global context Amid the global economic challenges posed by the COVID-19 pandemic and geopolitical disruptions such as the war in Ukraine, Russia's annual GDP growth was close to the global one, which was forecast to reach approximately 3.2 percent in 2024. Moreover, Russia was expected to become the fourth-fastest-growing economy in the G20 in that year, following India, Indonesia, and China.

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 (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 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.

The direct impact of Nord Stream 2 on the Russian economy as of December 2018 was measured at approximately 2.5 billion euros, as this was the country's capital expenditure on the project. Combining direct, indirect, and induced effects, the economic impact of the pipeline under construction on the country's economy was estimated at an output of over six billion euros.

Russia Economic Activity Rate: 3 Month Moving Average: VR: Republic of Tatarstan data was reported at 64.400 % in Nov 2018. This records an increase from the previous number of 64.200 % for Oct 2018. Russia Economic Activity Rate: 3 Month Moving Average: VR: Republic of Tatarstan data is updated monthly, averaging 70.400 % from Aug 2009 (Median) to Nov 2018, with 112 observations. The data reached an all-time high of 72.800 % in Sep 2016 and a record low of 63.600 % in May 2018. Russia Economic Activity Rate: 3 Month Moving Average: VR: Republic of Tatarstan data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GB005: Economic Activity Rate: by Region: Three Month Moving Average. Since January 2018, the data covers the population aged 15 and above, while prior to January 2018 it used to cover the population aged 15-72. С Января 2018 г. данные охватывают населения в возрасте 15 лет и старше, а до этого-в возрасте 15-72.

Between 2000 and 2018, the incomes of the bottom 40 percent of the population increased by 121 percent, while the top one percent grew nearly at the same rate as the average income across the country, which amounted to 72 percent between 2000 and 2018. This was remarkably higher than the rate recorded between 2007 and 2018, measuring at only six percent.

Economic Activity Rate: 3 Month Moving Average: CF: Tula Region data was reported at 62.200 % in Mar 2025. This stayed constant from the previous number of 62.200 % for Dec 2024. Economic Activity Rate: 3 Month Moving Average: CF: Tula Region data is updated monthly, averaging 65.050 % from Aug 2009 (Median) to Mar 2025, with 186 observations. The data reached an all-time high of 69.900 % in Oct 2016 and a record low of 60.800 % in Feb 2018. Economic Activity Rate: 3 Month Moving Average: CF: Tula Region data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GB005: Economic Activity Rate: by Region: Three Month Moving Average. Since January 2018, the data covers the population aged 15 and above, while prior to January 2018 it used to cover the population aged 15-72.

Inflation Rate in Russia decreased to 9.40 percent in June from 9.90 percent in May of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia: Competitiveness - World Economic Forum index (0-100): The latest value from 2019 is 66.7 points, an increase from 65.6 points in 2018. In comparison, the world average is 60.61 points, based on data from 140 countries. Historically, the average for Russia from 2018 to 2019 is 66.15 points. The minimum value, 65.6 points, was reached in 2018 while the maximum of 66.7 points was recorded in 2019.

Russia Economic Activity Rate: 3 Month Moving Average data was reported at 62.900 % in Nov 2018. This records a decrease from the previous number of 63.100 % for Oct 2018. Russia Economic Activity Rate: 3 Month Moving Average data is updated monthly, averaging 68.600 % from Aug 2009 (Median) to Nov 2018, with 112 observations. The data reached an all-time high of 70.100 % in Sep 2016 and a record low of 62.600 % in Apr 2018. Russia Economic Activity Rate: 3 Month Moving Average data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GB005: Economic Activity Rate: by Region: Three Month Moving Average. Since January 2018, the data covers the population aged 15 and above, while prior to January 2018 it used to cover the population aged 15-72. С Января 2018 г. данные охватывают населения в возрасте 15 лет и старше, а до этого-в возрасте 15-72.

In 2021, the largest share of the export trade of travel services from Russia was occupied by Eurasian Economic Union (EAEU) and the countries of the Commonwealth of Independent States (CIS), each measuring at ** percent. The share of travel services to Asia-Pacific Economic Cooperation (APEC) decreased by **** percent compared to the previous year, when it accounted for less than ** percent.

Russia GDP: YoY data was reported at 1.818 % in Dec 2018. This records a decrease from the previous number of 1.868 % for Nov 2018. Russia GDP: YoY data is updated monthly, averaging 1.686 % from Jan 2008 (Median) to Dec 2018, with 132 observations. The data reached an all-time high of 9.862 % in Feb 2008 and a record low of -11.845 % in May 2009. Russia GDP: YoY data remains active status in CEIC and is reported by Vnesheconombank. The data is categorized under Russia Premium Database’s Business and Economic Survey – Table RU.SC002: Vnesheconombank: GDP Index.

The number of economic fraud cases in Russia increased from slightly over 100 thousand to nearly *** thousand between the first half of 2018 and the first half of 2019. Nearly ** thousand crimes categorized as offenses in the sphere of economic activity were recorded over the first six months of 2019.

Russia Economic Activity Rate: Age 15 and Above data was reported at 62.900 % in Dec 2018. This records a decrease from the previous number of 63.100 % for Sep 2018. Russia Economic Activity Rate: Age 15 and Above data is updated quarterly, averaging 62.800 % from Mar 2018 (Median) to Dec 2018, with 4 observations. The data reached an all-time high of 63.100 % in Sep 2018 and a record low of 62.600 % in Mar 2018. Russia Economic Activity Rate: Age 15 and Above data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GB001: Economically Active Population: Employed and Unemployed.

This statistic displays number of transactions on P2P item rental platforms in Russia in 2017 and 2018. The market for P2P item rentals increased over the two years. In 2018, an estimated 60 thousand transactions were made to rent items including electronics, apparel and other consumer goods.

Russia Broad Money Supply M2x: sa data was reported at 60,109,727.005 RUB mn in Dec 2018. This records an increase from the previous number of 59,121,604.560 RUB mn for Nov 2018. Russia Broad Money Supply M2x: sa data is updated monthly, averaging 10,861,716.650 RUB mn from Jun 1995 (Median) to Dec 2018, with 283 observations. The data reached an all-time high of 60,109,727.005 RUB mn in Dec 2018 and a record low of 211,924.703 RUB mn in Jun 1995. Russia Broad Money Supply M2x: sa data remains active status in CEIC and is reported by The Central Bank of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.KAA003: Broad Money Supply.

Economic Activity Rate: SF: Republic of Crimea data was reported at 61.100 % in 2024. This records an increase from the previous number of 59.800 % for 2023. Economic Activity Rate: SF: Republic of Crimea data is updated yearly, averaging 58.600 % from Dec 2015 (Median) to 2024, with 10 observations. The data reached an all-time high of 64.800 % in 2015 and a record low of 56.800 % in 2018. Economic Activity Rate: SF: Republic of Crimea 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.GB006: Economic Activity Rate: by Region: Annual.

Russia Employment Rate data was reported at 59.800 % in 2018. This records an increase from the previous number of 59.500 % for 2017. Russia Employment Rate data is updated yearly, averaging 61.300 % from Dec 1992 (Median) to 2018, with 27 observations. The data reached an all-time high of 67.100 % in 1992 and a record low of 53.000 % in 1998. Russia Employment Rate 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.GB016: Employment Rate: by Region: Annual. Data since 1999 are given as annual average, data of 1996 - for the end of March, 1998, 1997 and 1995-1992 - for the end of October. Данные за 1992-1995, 1997, 1998 гг. даны на конец октября, за 1996 г. - на конец марта, с 1999г. - в среднем за год.

Russia Orders: Actual: Normal Monthly Level=100 data was reported at 82.000 % in Dec 2018. This records an increase from the previous number of 79.000 % for Nov 2018. Russia Orders: Actual: Normal Monthly Level=100 data is updated monthly, averaging 80.500 % from Jan 1993 (Median) to Dec 2018, with 312 observations. The data reached an all-time high of 93.000 % in Jul 2007 and a record low of 56.000 % in Feb 1997. Russia Orders: Actual: Normal Monthly Level=100 data remains active status in CEIC and is reported by Institute of World Economy and International Relations. The data is categorized under Russia Premium Database’s Business and Economic Survey – Table RU.SB003: Russian Economic Barometer: Enterprises Indicators.