This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Russia from 2013 to 2023. In 2023, agriculture contributed around 3.35 percent to the GDP of Russia, 30.65 percent came from the industry and 56.88 percent from the service sector. Russia's struggling economy Russia is one of the so-called BRIC countries, the four major emerging markets. It is also considered to be one of the fastest growing economies, being one of the world’s leading producers and exporters of oil, natural gas, metals, wood, chemicals, and a wide variety of civilian and military manufactures. In 2015, Russia reported an estimated gross domestic product of about 1.18 billion U.S. dollars, making it one of the countries with the largest gross domestic product in the world. Due to its fast economic expansion, it is also predicted that Russia will have the sixth largest gross domestic product in the world by 2030. Despite a growing economy, Russia's unemployment rate has remained high in recent years. In 2010, the unemployment rate in Russia was at 7.3 percent, and after a slight plunge, it is expected to reach similar heights in the next few years again. Inflation has also increased rapidly in recent years, in 2015, it is expected to double in comparison to 2014, reaching approximately 18 percent - the highest inflation rate of the decade. 2015 is also marked by a large decline of Russia's gross domestic product: Between 2014 and 2015, GDP decreased by almost 5 thousand U.S. dollars. It is, however, expected to recover until 2020. Despite a trade deficit in the services sector from 2003 to 2013, the services sector in Russia has employed yearly over 55 percent of the workforce since 1999.

The manufacturing sector's gross value added accounted for 12.45 percent of Russia's gross domestic product (GDP) in 2023, the largest share among other industries. Wholesale and retail trade followed, with a share exceeding 12 percent. In total, Russia's GDP was estimated at 2.06 trillion U.S. dollars at current prices in 2024 and was forecast to increase in the years until 2029.

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.

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.

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.

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The statistic shows the distribution of the workforce across economic sectors in Russia from 2012 to 2022. In 2022, 5.66 percent of the workforce in Russia was employed in agriculture, 26.57 percent in industry and 67.77 percent in services. Russia’s economy The majority of Russia’s labor force works in the services sector, which accounts for more than half of the jobs in the country. About 30 percent work in the industry sector and the rest in agriculture. Interestingly, Russia is among the leading export countries worldwide and agricultural products, as well as meat, are among the main exported goods. Russia’s economy also profits significantly from selling and exporting fish and sea food. Due to large oil resources, Russia is also among the largest economies and the countries with the largest gross domestic product / GDP worldwide. Subsequently, living and working conditions in Russia should be above average, but for a long time, many Russians have struggled to get by. While conditions seem to improve nowadays, many Russians still live below the poverty line. One suggested reason for this is corruption, which has been cited as a severe problem for the country for a long time, and continues to pose difficulties for Russia’s economy. Illicit employment and the so-called “shadow economy”, which does not officially contribute to the fiscal system, yields amounts worth almost half of Russia’s gross domestic product. This can be seen on a ranking of the untaxed economy in selected countries as a share of GDP. In addition to oil, fish and agricultural products, Russia also manufactures and exports arms and weapons. It is ranked third among the countries with the highest military spending, and second among the countries, in which military spending accounts for a significant percentage of the gross domestic product.

Russia Gross Domestic Product (GDP) data was reported at 43,239.972 RUB bn in Mar 2024. This records a decrease from the previous number of 50,814.444 RUB bn for Dec 2023. Russia Gross Domestic Product (GDP) data is updated quarterly, averaging 23,718.216 RUB bn from Mar 2011 (Median) to Mar 2024, with 53 observations. The data reached an all-time high of 50,814.444 RUB bn in Dec 2023 and a record low of 13,024.800 RUB bn in Mar 2011. Russia Gross Domestic Product (GDP) 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.AA014: GDP: by Industry: SNA 2008: Current Price.

Domestic credit to private sector (% of GDP) in Russia was reported at 54.22 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Russia - Domestic credit to private sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Russia GDP: 2008p: Annual: GVA: Other Community, Social and Personal Service Activities data was reported at 501.268 RUB bn in 2014. This records a decrease from the previous number of 515.018 RUB bn for 2013. Russia GDP: 2008p: Annual: GVA: Other Community, Social and Personal Service Activities data is updated yearly, averaging 510.342 RUB bn from Dec 2002 (Median) to 2014, with 13 observations. The data reached an all-time high of 621.462 RUB bn in 2008 and a record low of 476.059 RUB bn in 2002. Russia GDP: 2008p: Annual: GVA: Other Community, Social and Personal Service Activities 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.AA021: GDP: by Industry: SNA 1993: 2008 Price. Changed from SNA 1993 to SNA 2008 Rebased from 2008p to 2011p Replacement series ID: 373226837 GDP and its components in 2008p are calculated by multiplying (dividing for 2003-2007 data) of quarterly 2008 GDP in year-average 2008p on GDP real volume indices to the same quarter of previous year. The discrepancies between GDP and the sum of its components (also between GDP components and the sum of their elements) in constant prices are explained by the changes in the structure of weights used for computation of separate parts of indices. Изменено с СНС 1993 на СНС 2008 Изменение базы цен с 2008 на 2011 Код серии замены: 373226837 Динамические ряды ВВП и его компонентов в постоянных ценах получены путем деления (для кварталов 2003-2007 гг.) и умножения (для кварталов 2009, 2010 гг.) квартальных данных за 2008 г. в среднегодовых ценах 2008 г. на индексы физического объема ВВП и его компонентов за каждый квартал к соответствующему кварталу предыдущего года, исчисленные в среднегодовых ценах предыдущего года. Расхождения между ВВП в целом и суммой его компонентов, а также между компонентами ВВП и суммой входящих в них элементов, исчисленных в постоянных ценах, объясняются изменениями в структуре весов, используемых для исчисления отдельных звеньев индексов.

Russia RU: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data was reported at 5,764,487.604 RUB mn in 2023. This records a decrease from the previous number of 5,929,406.556 RUB mn for 2022. Russia RU: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing data is updated yearly, averaging 1,039,357.254 RUB mn from Dec 1989 (Median) to 2023, with 35 observations. The data reached an all-time high of 5,929,406.556 RUB mn in 2022 and a record low of 89.400 RUB mn in 1989. Russia RU: GDP: Gross Value Added at Basic Prices: Agriculture, Forestry, and Fishing 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: Gross Domestic Product: Nominal. Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

Graph and download economic data for Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Russia (QRUPAM770A) from Q2 1995 to Q3 2024 about Russia, adjusted, credits, nonfinancial, sector, and private.

Industrial Production in Russia increased 0.20 percent in February of 2025 over the same month in the previous year. This dataset provides - Russia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic Activity Rate: FE: Chukotka Area data was reported at 79.100 % in 2023. This records an increase from the previous number of 77.900 % for 2022. Economic Activity Rate: FE: Chukotka Area data is updated yearly, averaging 80.166 % from Dec 2000 (Median) to 2023, with 24 observations. The data reached an all-time high of 83.900 % in 2014 and a record low of 74.273 % in 2001. Economic Activity Rate: FE: Chukotka Area 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 from Construction in Russia increased to 1621.30 RUB Billion in the third quarter of 2024 from 1541.20 RUB Billion in the second quarter of 2024. This dataset provides the latest reported value for - Russia Gdp From Construction - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Russia GDP: Subsides on Products data was reported at 1,630.880 RUB bn in 2024. This records an increase from the previous number of 1,468.073 RUB bn for 2023. Russia GDP: Subsides on Products data is updated yearly, averaging 313.913 RUB bn from Dec 2011 (Median) to 2024, with 14 observations. The data reached an all-time high of 1,630.880 RUB bn in 2024 and a record low of 214.912 RUB bn in 2011. Russia GDP: Subsides on Products data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s National Accounts – Table RU.AA016: GDP: by Industry: SNA 2008: Current Price: Detailed Breakdown.

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.

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Industry (Including Construction): Total for Russia (LFEAICTTRUM647N) from Aug 2009 to Jun 2011 about Russia, construction, employment, and industry.

Graph and download economic data for Production: Industry: Total Industry Excluding Construction for Russia (RUSPRINTO01GYSAM) from Jan 1994 to Dec 2021 about Russia, construction, and production.

A potential stop in the West's gas trade with Russia could lead to the latter's GDP loss of almost three percent, according to an estimate from 2022. A ban on imports and exports of crude oil could lead to a decline of 1.2 percent in the Russian GDP.