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 0.60 percent in the third 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.

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.

Full Year GDP Growth in Russia increased to 4.10 percent in 2024 from 3.60 percent in 2023. This dataset includes a chart with historical data for Russia Full Year Gdp Growth.

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.

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 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.

GDP from Manufacturing in Russia increased to 4974.40 RUB Billion in the second quarter of 2025 from 4553.40 RUB Billion in the first quarter of 2025. This dataset provides the latest reported value for - Russia Gdp From Manufacturing - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Economic Activity Rate: FE: Magadan Region data was reported at 70.500 % in 2024. This records a decrease from the previous number of 71.900 % for 2023. Economic Activity Rate: FE: Magadan Region data is updated yearly, averaging 74.200 % from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 79.500 % in 2011 and a record low of 70.500 % in 2024. Economic Activity Rate: FE: Magadan Region 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.

GDP, billion currency units in Russia, June, 2025 The most recent value is 49516.8 billion Russian Rouble as of Q2 2025, an increase compared to the previous value of 47746.8 billion Russian Rouble. Historically, the average for Russia from Q1 1995 to Q2 2025 is 15632.13 billion Russian Rouble. The minimum of 234.98 billion Russian Rouble was recorded in Q1 1995, while the maximum of 58879.4 billion Russian Rouble was reached in Q4 2024. | TheGlobalEconomy.com

Key information about Russia Market Capitalization: % of GDP

• Russia Market Capitalization accounted for 2.8 % of its Nominal GDP in Dec 2024, compared with a percentage of 2.9 % in the previous year
• Russia Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1997 to Dec 2024
• The data reached an all-time high of 33.3 % in Dec 2003 and a record low of 2.8 % in Dec 2024

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Moscow Exchange provides Market Capitalization in USD. Federal State Statistics Service provides Nominal GDP in local currency. The Bank of Russia average market exchange rate is used for currency conversions

Yearly (annual) dataset of the Russia Debt to GDP Ratio, including historical data, latest releases, and long-term trends from 1999-12-31 to 2024-12-31. Available for free download in CSV format.

Russia: Economic freedom, overall index (0-100): The latest value from 2025 is 52 index points, unchanged from 52 index points in 2024. In comparison, the world average is 60 index points, based on data from 174 countries. Historically, the average for Russia from 1995 to 2025 is 53 index points. The minimum value, 49 index points, was reached in 1997 while the maximum of 62 index points was recorded in 2021.

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.

Russia GDP: Net Exports: Imports data was reported at 10,496.000 RUB bn in Dec 2024. This records an increase from the previous number of 9,064.500 RUB bn for Sep 2024. Russia GDP: Net Exports: Imports data is updated quarterly, averaging 4,768.650 RUB bn from Mar 2011 (Median) to Dec 2024, with 56 observations. The data reached an all-time high of 10,496.000 RUB bn in Dec 2024 and a record low of 2,386.200 RUB bn in Mar 2011. Russia GDP: Net Exports: Imports 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.AA002: GDP: by Expenditure: SNA 2008: Current Price.

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.

Monthly GDP YoY in Russia increased to 0.90 percent in September from 0.40 percent in August of 2025. This dataset includes a chart with historical data for Russia Monthly GDP YoY.

Dataset of the Russia Annual Unemployment Rate, including historical data, latest releases, and long-term trends from 1991-12-31 to 2024-12-31. Available for free download in CSV format.

Comprehensive dataset on Russia's energy sector, economy, and socio-economic metrics from post-Soviet era to future projections.

This dataset provides a historical and projected overview of key economic, energy, and social indicators for Russia spanning from 1991 (post-Soviet dissolution) to 2025 (including forecasts). It focuses on the oil and gas sector, which has been a cornerstone of Russia's economy, alongside broader macroeconomic and demographic metrics. The data is useful for analyzing trends in energy production, exports, fiscal dependencies, inflation, and social inequality during periods of economic transformation, crises (e.g., 1998 ruble crisis, 2014 sanctions), and recent geopolitical events. Key Features:

Time Coverage: Annual data from 1991 to 2025 (with projections for 2024-2025 based on estimates). Rows: 35 (one per year). Columns: 29, covering energy production, prices, exports, fiscal indicators, demographics, and more. File Format: CSV (UTF-8 encoded for compatibility with special characters like en-dash in tax rates). Data Sources: Compiled from public sources including Rosstat, World Bank, IMF, EIA (U.S. Energy Information Administration), and Russian Central Bank reports. Projections for 2024-2025 are estimates based on trends and may require updates. Missing Values: Some fields (e.g., early years for FDI or import volumes) are blank due to data unavailability; handle with imputation if needed.

Column Descriptions

Column Name	Description	Unit	Notes
Year	Calendar year	-	From 1991 to 2025
oil_prices(barrel/USD)	Average annual price of crude oil	USD per barrel	Brent or Urals benchmark
gas_prices(MMBtu/USD)	Average annual price of natural gas	USD per million BTU	Henry Hub or European hub prices
Oil_production_volume(million_b/y)	Annual oil production	Million barrels per year	Russian Federation total
Gas_production_volume(billion_c_m/y)	Annual gas production	Billion cubic meters per year	Includes Gazprom and independents
Oil_export_volume(million tons)	Annual oil exports	Million tons	Crude and products
Gas_export_volume(billion_c_m)	Annual gas exports	Billion cubic meters	Pipeline and LNG
Share_of_oil_and_gas_revenues(%)	Oil & gas revenues as share of federal budget	%	Dependency on energy sector
TB(billion USD)	Trade balance	Billion USD	Exports minus imports
FDI(billion USD)	Foreign direct investment inflows	Billion USD	Net inflows
Import_volume(billion USD)	Total import volume	Billion USD	Goods and services
Key_rate(%)	Central Bank key interest rate	%	Average or end-of-year
level_of_public_debt(% of GDP)	Public debt as percentage of GDP	% of GDP	General government
tock_Market_Index(MOEX Index)	MOEX Russia Index value	Index points	Year-end or average
inflation_rate(%)	Annual inflation rate (CPI-based)	%	Consumer price index change
exchange_rates(RUB/USD)	Average RUB to USD exchange rate	RUB per USD	Annual average
GNP(milliard USD)	Gross National Product	Milliard USD (billion)	Nominal
ISI(0-10)	The index of sanctions pressure	Scale 0-10	Pressure on the economy through sanctions
Migration_rate(net_migration th/p)	Net migration rate	Thousands of people	Inflows minus outflows
Gini_coefficient(%)	Gini coefficient for income inequality	%	0 = perfect equality, 100 = perfect inequality
population_size(p)	Total population	People	Mid-year estimate
unemployment_rate(%)	Unemployment rate	%	Labor force survey
per_c_i(thousands USD)	Per capita income	Thousands USD	Nominal, PPP-adjusted in some years
Non_oil_GDP(%)	Non-oil GDP share	%	GDP excluding oil/gas extraction
CPI	Consumer Price Index	Index (base year varies)	Cumulative inflation measure
Military_expenditures(% of GDP)	Military spending as % of GDP	% of GDP	SIPRI or official data
tax_rates(VAT%)	Value-Added Tax rate	%	Standard rate
tax_rates(PIT%)	Personal Income Tax rate	% or range	Flat rate or progressive brackets (e.g., "13-15")
tax_receipts(billion USD)	Total tax receipts	Billion USD	Federal budget collections

Githab rep https://github.com/AsDo001/Forecasting-of-revenues-to-the-budget-of-the-Russian-Federation