Monthly and long-term Russia economic indicators data: historical series and analyst forecasts curated by FocusEconomics.

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.

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 (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.

The manufacturing sector's gross value added accounted for ***** percent of Russia's gross domestic product (GDP) in 2024, the largest share among other industries. Wholesale and retail trade followed, with a share exceeding **** percent. In total, Russia's GDP was estimated at **** trillion U.S. dollars at current prices in 2025 and was forecast to increase in the years until 2030.

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.

Russia recorded a Current Account surplus of 4000 USD Million in the third quarter of 2025. This dataset provides - Russia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia BoP: Current Account: sa: Goods: Exports data was reported at 108.830 USD bn in Dec 2024. This records an increase from the previous number of 107.408 USD bn for Sep 2024. Russia BoP: Current Account: sa: Goods: Exports data is updated quarterly, averaging 79.554 USD bn from Mar 1994 (Median) to Dec 2024, with 124 observations. The data reached an all-time high of 160.433 USD bn in Mar 2022 and a record low of 14.163 USD bn in Mar 1994. Russia BoP: Current Account: sa: Goods: Exports data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Global Database’s Russian Federation – Table RU.JBA001: Balance of Payments: Current Account: Seasonally Adjusted. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Russia recorded a Current Account surplus of 2.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - Russia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia Current Account Balance: as % of GDP data was reported at -2.100 % in 2021. This records an increase from the previous number of -2.700 % for 2020. Russia Current Account Balance: as % of GDP data is updated yearly, averaging -2.100 % from Dec 2019 (Median) to 2021, with 3 observations. The data reached an all-time high of 4.000 % in 2019 and a record low of -2.700 % in 2020. Russia Current Account Balance: as % of GDP data remains active status in CEIC and is reported by European Commission's Directorate-General for Economic and Financial Affairs. The data is categorized under Russia Premium Database’s Forecast – European Commission's Forecast.

Graph and download economic data for Current Account Credit: Total Income for the Russian Federation (DISCONTINUED) (BPCRIN01RUQ637S) from Q1 1994 to Q2 2012 about Russia, current account, BOP, credits, and income.

Russia Gross National Income per Capita: PPP data was reported at 43,512.692 USD in 2023. This records an increase from the previous number of 40,132.801 USD for 2022. Russia Gross National Income per Capita: PPP data is updated yearly, averaging 25,111.878 USD from Dec 2011 (Median) to 2023, with 13 observations. The data reached an all-time high of 43,512.692 USD in 2023 and a record low of 22,118.976 USD in 2011. Russia Gross National Income per Capita: PPP 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.AA036: GDP: Purchasing Power Parity: Current Price.

Russia RU: GDP: Net Current Transfers from Abroad data was reported at -537,580.200 RUB mn in 2017. This records a decrease from the previous number of -345,158.800 RUB mn for 2015. Russia RU: GDP: Net Current Transfers from Abroad data is updated yearly, averaging -35,298.350 RUB mn from Dec 1995 (Median) to 2017, with 22 observations. The data reached an all-time high of 15,436.200 RUB mn in 1999 and a record low of -537,580.200 RUB mn in 2017. Russia RU: GDP: Net Current Transfers from Abroad 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: Gross Domestic Product: by Expenditure: Annual.

Russia: Current account balance, billion USD: The latest value from is billion U.S. dollars, unavailable from billion U.S. dollars in . In comparison, the world average is 0.00 billion U.S. dollars, based on data from countries. Historically, the average for Russia from to is billion U.S. dollars. The minimum value, billion U.S. dollars, was reached in while the maximum of billion U.S. dollars was recorded in .

Graph and download economic data for Current Account Balance: Total Income for the Russian Federation (DISCONTINUED) (BPBLIN01RUQ637S) from Q1 1994 to Q2 2012 about Russia, current account, BOP, and income.

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.

In May 2025, the inflation rate in Russia stood at **** percent compared to the same month in the previous year, showing an increase. The rate has been decreasing since March 2025. The highest rate during the observed period was recorded in April 2022, at **** percent. The term inflation means the devaluation of money caused by a permanent increase in the price level for products (consumer goods, investment goods). The Consumer Price Index (CPI) shows the price development for private expenses and shows the current level of inflation when increasing. Russia's economy, an outlook The Russian economy was expected to grow by *** percent in 2025 despite the Western sanctions over the war in Ukraine that began in February 2022. At the same time, consumer prices were projected to grow by around **** percent in 2025 relative to the previous year. In 2024, the inflation rate was estimated at **** percent. Prices in Russia Russia’s economy is highly dependent on and affected by the price of oil. The price of the Urals crude oil stood at approximately ***** U.S. dollars per barrel in April 2025, having demonstrated a decrease from the previous month. The highest producer price index (PPI) was recorded in the electricity and gas supply sector, with a price growth rate of over ** percent in September 2024.

Russia Gross Domestic Product (GDP) data was reported at 58,879.423 RUB bn in Dec 2024. This records an increase from the previous number of 50,857.061 RUB bn for Sep 2024. Russia Gross Domestic Product (GDP) data is updated quarterly, averaging 23,909.523 RUB bn from Mar 2011 (Median) to Dec 2024, with 56 observations. The data reached an all-time high of 58,879.423 RUB bn in Dec 2024 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.AA029: GDP: by Income: SNA 2008: Current Price.