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.

Graph and download economic data for Nominal Gross Domestic Product for Russia (NGDPNSAXDCRUQ) from Q1 1994 to Q4 2024 about Russia and GDP.

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.

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.

Graph and download economic data for Real Gross Domestic Product for Russia (NGDPRNSAXDCRUQ) from Q1 2011 to Q4 2024 about Russia, real, and GDP.

Russia RU: IMF Account: Fund Position: USD: Quota data was reported at 18.377 USD bn in 2017. This records an increase from the previous number of 17.347 USD bn for 2016. Russia RU: IMF Account: Fund Position: USD: Quota data is updated yearly, averaging 0.000 USD mn from Dec 1945 (Median) to 2017, with 73 observations. The data reached an all-time high of 18.377 USD bn in 2017 and a record low of 0.000 USD mn in 1991. Russia RU: IMF Account: Fund Position: USD: Quota data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: IMF Account: Fund Position: Annual.

Graph and download economic data for Real Gross Domestic Product for Russia (NGDPRXDCRUA) from 1990 to 2024 about Russia, real, and GDP.

Russia RU: IMF Account: Fund Position: Net Cumulative Allocation: Escrow Account data was reported at 0.000 XDR mn in Jun 2018. This stayed constant from the previous number of 0.000 XDR mn for Mar 2018. Russia RU: IMF Account: Fund Position: Net Cumulative Allocation: Escrow Account data is updated quarterly, averaging 0.000 XDR mn from Mar 1945 (Median) to Jun 2018, with 294 observations. Russia RU: IMF Account: Fund Position: Net Cumulative Allocation: Escrow Account data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: IMF Account: Fund Position: Quarterly.

Russia RU: IMF Account: Fund Position: USD: Overdue Obligations data was reported at 0.000 USD mn in 2017. This stayed constant from the previous number of 0.000 USD mn for 2016. Russia RU: IMF Account: Fund Position: USD: Overdue Obligations data is updated yearly, averaging 0.000 USD mn from Dec 1945 (Median) to 2017, with 73 observations. Russia RU: IMF Account: Fund Position: USD: Overdue Obligations data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: IMF Account: Fund Position: Annual.

Graph and download economic data for Nominal Gross Domestic Product for Russia (NGDPXDCRUA) from 1990 to 2024 about Russia and GDP.

Graph and download economic data for Gross Domestic Product Deflator for Russia (NGDPDIXRUA) from 1990 to 2024 about Russia and GDP.

Russia RU: IMF Account: Fund Position: USD: UFC: General Resources Account data was reported at 0.000 USD mn in Aug 2018. This stayed constant from the previous number of 0.000 USD mn for Jul 2018. Russia RU: IMF Account: Fund Position: USD: UFC: General Resources Account data is updated monthly, averaging 0.000 USD mn from Jan 1945 (Median) to Aug 2018, with 884 observations. The data reached an all-time high of 19.529 USD bn in Oct 1998 and a record low of 0.000 USD mn in Aug 2018. Russia RU: IMF Account: Fund Position: USD: UFC: General Resources Account data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: IMF Account: Fund Position.

Russia RU: IMF Account: Fund Position: USD: Lending to the Fund data was reported at 634.054 USD mn in Aug 2018. This records a decrease from the previous number of 635.628 USD mn for Jul 2018. Russia RU: IMF Account: Fund Position: USD: Lending to the Fund data is updated monthly, averaging 0.000 USD mn from Jan 1945 (Median) to Aug 2018, with 884 observations. The data reached an all-time high of 1.857 USD bn in Jun 2014 and a record low of 0.000 USD mn in Apr 2011. Russia RU: IMF Account: Fund Position: USD: Lending to the Fund data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: IMF Account: Fund Position.

Graph and download economic data for Nominal Exports of Goods for Russia (NXGXDCRUA) from 1990 to 2022 about Russia, exports, and goods.

Graph and download economic data for Real Exports of Goods for Russia (NXGRXDCRUA) from 1990 to 2021 about Russia, exports, goods, and real.

Russia RU: IMF Account: Fund Position: USD: Fund Holdings of Currency data was reported at 16.374 USD bn in 2017. This records an increase from the previous number of 15.359 USD bn for 2016. Russia RU: IMF Account: Fund Position: USD: Fund Holdings of Currency data is updated yearly, averaging 0.000 USD mn from Dec 1945 (Median) to 2017, with 73 observations. The data reached an all-time high of 25.407 USD bn in 1998 and a record low of 0.000 USD mn in 1991. Russia RU: IMF Account: Fund Position: USD: Fund Holdings of Currency data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: IMF Account: Fund Position: Annual.

Graph and download economic data for Geographical Outreach: Number of Commercial Banks for Russian Federation (RUSFCIODCNUM) from 2004 to 2024 about Russia, banks, and depository institutions.

Graph and download economic data for Real Imports of Goods for Russia (NMGRNSAXDCRUQ) from Q1 2011 to Q4 2021 about Russia, imports, goods, and real.

Russia RU: IMF Account: Fund Position: USD: Lending to the Fund data was reported at 699.563 USD mn in 2017. This records a decrease from the previous number of 1.042 USD bn for 2016. Russia RU: IMF Account: Fund Position: USD: Lending to the Fund data is updated yearly, averaging 0.000 USD mn from Dec 1945 (Median) to 2017, with 73 observations. The data reached an all-time high of 1.751 USD bn in 2013 and a record low of 0.000 USD mn in 2010. Russia RU: IMF Account: Fund Position: USD: Lending to the Fund data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Russian Federation – Table RU.IMF.IFS: IMF Account: Fund Position: Annual.

Graph and download economic data for General government gross debt for Russia (GGGDTARUA188N) from 1997 to 2024 about Russia, gross, debt, and government.