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.

Economic Activity Rate: CF: Moscow Region data was reported at 65.900 % in 2024. This records a decrease from the previous number of 66.800 % for 2023. Economic Activity Rate: CF: Moscow Region data is updated yearly, averaging 69.000 % from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 72.800 % in 2012 and a record low of 65.000 % in 2021. Economic Activity Rate: CF: Moscow 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.

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.

Monthly GDP YoY in Russia decreased to 1.20 percent in May from 1.90 percent in April of 2025. This dataset includes a chart with historical data for Russia Monthly GDP YoY.

Key information about Russia Real GDP Growth

• The Gross Domestic Product (GDP) in Russia contracted 2.6 % YoY in Mar 2023, following a negative growth of 3.2 % in the previous quarter.
• Real GDP Growth YoY data in Russia is updated quarterly, available from Mar 1996 to Mar 2023, with an average rate of 2.7 %.
• The data reached an all-time high of 12.3 % in Dec 1999 and a record low of -9.4 % in Jun 2009.

• In the latest reports, Nominal GDP of Russia reached 494.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 0.7 % in Mar 2023.
• GDP Per Capita in Russia reached 15,074.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 35.2 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 28.9 % in Dec 2022.
• Public Consumption accounted for 17.5 % in Dec 2022.
• Private Consumption accounted for 47.3 % in Dec 2022.

Russia: Economic growth forecast: The latest value from 2030 is 1.2 percent, unchanged from 1.2 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Russia from 1993 to 2030 is 1.72 percent. The minimum value, -12.7 percent, was reached in 1994 while the maximum of 10.05 percent was recorded in 2000.

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: Economic freedom, overall index (0-100): The latest value from 2024 is 52 index points, a decline from 54 index points in 2023. In comparison, the world average is 59 index points, based on data from 174 countries. Historically, the average for Russia from 1995 to 2024 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.

Russia Expectation Diffusion Index: Wages: Enterprises with Rising Indicator Next 3 Months data was reported at 59.000 % in Mar 2019. This records an increase from the previous number of 47.000 % for Feb 2019. Russia Expectation Diffusion Index: Wages: Enterprises with Rising Indicator Next 3 Months data is updated monthly, averaging 66.000 % from Jul 1992 (Median) to Mar 2019, with 321 observations. The data reached an all-time high of 94.000 % in Jun 1993 and a record low of 38.000 % in May 2009. Russia Expectation Diffusion Index: Wages: Enterprises with Rising Indicator Next 3 Months 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.SB001: Russian Economic Barometer: Enterprises Diffusion Indices: Expectation.

Russia Actual Diffusion Index: Wages: Enterprises with Rising Indicator over 1 Month data was reported at 56.000 % in Dec 2018. This records an increase from the previous number of 43.000 % for Nov 2018. Russia Actual Diffusion Index: Wages: Enterprises with Rising Indicator over 1 Month data is updated monthly, averaging 54.000 % from Dec 1991 (Median) to Dec 2018, with 325 observations. The data reached an all-time high of 94.000 % in Jan 1992 and a record low of 24.000 % in Jan 2009. Russia Actual Diffusion Index: Wages: Enterprises with Rising Indicator over 1 Month 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.SB002: Russian Economic Barometer: Enterprises Diffusion Indices: Actual.

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 Actual Diffusion Index: Production: Enterprises with Rising Indicator over 1 Month data was reported at 58.000 % in Dec 2018. This records an increase from the previous number of 38.000 % for Nov 2018. Russia Actual Diffusion Index: Production: Enterprises with Rising Indicator over 1 Month data is updated monthly, averaging 44.000 % from Jan 1992 (Median) to Dec 2018, with 324 observations. The data reached an all-time high of 65.000 % in Mar 2006 and a record low of 16.000 % in Jan 2009. Russia Actual Diffusion Index: Production: Enterprises with Rising Indicator over 1 Month 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.SB002: Russian Economic Barometer: Enterprises Diffusion Indices: Actual.

Economic Activity Rate: NW: Republic of Karelia data was reported at 57.700 % in 2024. This records a decrease from the previous number of 58.100 % for 2023. Economic Activity Rate: NW: Republic of Karelia data is updated yearly, averaging 67.000 % from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 69.300 % in 2008 and a record low of 57.100 % in 2022. Economic Activity Rate: NW: Republic of Karelia 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 Labour Utilisation Rate: Actual: Normal Monthly Level=100 data was reported at 89.000 % in Dec 2018. This records a decrease from the previous number of 90.000 % for Nov 2018. Russia Labour Utilisation Rate: Actual: Normal Monthly Level=100 data is updated monthly, averaging 87.000 % from Jan 1994 (Median) to Dec 2018, with 300 observations. The data reached an all-time high of 95.000 % in Dec 2007 and a record low of 69.000 % in Jan 1997. Russia Labour Utilisation Rate: 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.

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.

Economic Activity Rate: FE: Kamchatka Territory data was reported at 71.300 % in 2024. This records an increase from the previous number of 70.000 % for 2023. Economic Activity Rate: FE: Kamchatka Territory data is updated yearly, averaging 72.500 % from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 74.300 % in 2015 and a record low of 68.800 % in 2017. Economic Activity Rate: FE: Kamchatka Territory 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 Actual Diffusion Index: Orders: Enterprises with Rising Indicator over 1 Month data was reported at 40.000 % in Dec 2018. This records an increase from the previous number of 34.000 % for Nov 2018. Russia Actual Diffusion Index: Orders: Enterprises with Rising Indicator over 1 Month data is updated monthly, averaging 45.000 % from Dec 1991 (Median) to Dec 2018, with 325 observations. The data reached an all-time high of 62.000 % in Mar 2007 and a record low of 18.000 % in Dec 2008. Russia Actual Diffusion Index: Orders: Enterprises with Rising Indicator over 1 Month 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.SB002: Russian Economic Barometer: Enterprises Diffusion Indices: Actual.

Economic Activity Rate: CF: Kursk Region data was reported at 61.100 % in 2024. This records an increase from the previous number of 60.200 % for 2023. Economic Activity Rate: CF: Kursk Region data is updated yearly, averaging 65.100 % from Dec 2000 (Median) to 2024, with 25 observations. The data reached an all-time high of 67.800 % in 2016 and a record low of 59.800 % in 2020. Economic Activity Rate: CF: Kursk 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.

Russia Actual Diffusion Index: Sales/Purchasing Prices Ratio: Enterprises with Rising Indicator over 1 Month data was reported at 38.000 % in Dec 2018. This records an increase from the previous number of 34.000 % for Nov 2018. Russia Actual Diffusion Index: Sales/Purchasing Prices Ratio: Enterprises with Rising Indicator over 1 Month data is updated monthly, averaging 37.000 % from Feb 1992 (Median) to Dec 2018, with 323 observations. The data reached an all-time high of 46.000 % in Nov 2017 and a record low of 18.000 % in Jan 2015. Russia Actual Diffusion Index: Sales/Purchasing Prices Ratio: Enterprises with Rising Indicator over 1 Month 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.SB002: Russian Economic Barometer: Enterprises Diffusion Indices: Actual.

RU: GDP: Gross Value Added at Factor Cost: Services data was reported at 51,710,241.431 RUB mn in 2017. This records an increase from the previous number of 48,777,752.050 RUB mn for 2016. RU: GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 7,108,335.281 RUB mn from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 51,710,241.431 RUB mn in 2017 and a record low of 175.300 RUB mn in 1989. RU: GDP: Gross Value Added at Factor Cost: Services 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. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. 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.