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.

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.

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

The direct impact of Nord Stream 2 on the Russian economy as of December 2018 was measured at approximately 2.5 billion euros, as this was the country's capital expenditure on the project. Combining direct, indirect, and induced effects, the economic impact of the pipeline under construction on the country's economy was estimated at an output of over six billion euros.

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.

Russia Capacity Utilisation Rate: Actual: Normal Monthly Level=100 data was reported at 81.000 % in Dec 2018. This records an increase from the previous number of 78.000 % for Nov 2018. Russia Capacity Utilisation Rate: Actual: Normal Monthly Level=100 data is updated monthly, averaging 73.000 % from Dec 1991 (Median) to Dec 2018, with 325 observations. The data reached an all-time high of 84.000 % in Mar 2018 and a record low of 50.000 % in Feb 1997. Russia Capacity 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.

In 2021, the largest share of the export trade of travel services from Russia was occupied by Eurasian Economic Union (EAEU) and the countries of the Commonwealth of Independent States (CIS), each measuring at ** percent. The share of travel services to Asia-Pacific Economic Cooperation (APEC) decreased by **** percent compared to the previous year, when it accounted for less than ** percent.

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 Economic Activity Rate: Age 15 and Above data was reported at 62.900 % in Dec 2018. This records a decrease from the previous number of 63.100 % for Sep 2018. Russia Economic Activity Rate: Age 15 and Above data is updated quarterly, averaging 62.800 % from Mar 2018 (Median) to Dec 2018, with 4 observations. The data reached an all-time high of 63.100 % in Sep 2018 and a record low of 62.600 % in Mar 2018. Russia Economic Activity Rate: Age 15 and Above data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Demographic and Labour Market – Table RU.GB001: Economically Active Population: Employed and Unemployed.

Russia's oil and gas industry accounted for over ** percent of the country's gross domestic product (GDP) in 2024. That constituted a slight decrease compared to the previous year.

Since 2018, the Russian government's budget rule involves a monthly acquisition of the foreign currency to contribute to the Russian National Wealth Fund, along with the oil and gas industry revenues. In *************, the highest volume of foreign currency was purchased under the named rule, after which the value of funds for such purposes gradually decreased. In **********, the lowest mark was recorded at roughly *** billion Russian rubles.

Russia Enterprises without Debt to Banks and not Expected Next 3 Months data was reported at 41.000 % in Dec 2018. This records an increase from the previous number of 36.000 % for Nov 2018. Russia Enterprises without Debt to Banks and not Expected Next 3 Months data is updated monthly, averaging 38.000 % from Jan 1994 (Median) to Dec 2018, with 300 observations. The data reached an all-time high of 63.000 % in Jan 2017 and a record low of 17.000 % in Jun 1994. Russia Enterprises without Debt to Banks and not Expected 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.SB003: Russian Economic Barometer: Enterprises Indicators.

Russia GDP: YoY data was reported at 1.818 % in Dec 2018. This records a decrease from the previous number of 1.868 % for Nov 2018. Russia GDP: YoY data is updated monthly, averaging 1.686 % from Jan 2008 (Median) to Dec 2018, with 132 observations. The data reached an all-time high of 9.862 % in Feb 2008 and a record low of -11.845 % in May 2009. Russia GDP: YoY data remains active status in CEIC and is reported by Vnesheconombank. The data is categorized under Russia Premium Database’s Business and Economic Survey – Table RU.SC002: Vnesheconombank: GDP Index.

Russia RU: GDP: Net National Income data was reported at 0.000 RUB mn in Dec 2018. This stayed constant from the previous number of 0.000 RUB mn for Sep 2018. Russia RU: GDP: Net National Income data is updated quarterly, averaging 0.000 RUB mn from Mar 2014 (Median) to Dec 2018, with 20 observations. The data reached an all-time high of 0.000 RUB mn in Dec 2018 and a record low of 0.000 RUB mn in Dec 2018. Russia RU: GDP: Net National Income 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: Quarterly.

Russia Actual Diffusion Index: Sales Prices: Enterprises with Rising Indicator over 1 Month data was reported at 55.000 % in Dec 2018. This records an increase from the previous number of 51.000 % for Nov 2018. Russia Actual Diffusion Index: Sales Prices: Enterprises with Rising Indicator over 1 Month data is updated monthly, averaging 55.000 % from Dec 1991 (Median) to Dec 2018, with 325 observations. The data reached an all-time high of 97.000 % in Jan 1992 and a record low of 37.000 % in Apr 2018. Russia Actual Diffusion Index: Sales Prices: 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.

Russia Enterprises Debt to Banks: Normal Monthly Level=100 data was reported at 92.000 % in Dec 2018. This records an increase from the previous number of 88.000 % for Nov 2018. Russia Enterprises Debt to Banks: Normal Monthly Level=100 data is updated monthly, averaging 85.000 % from Jan 1996 (Median) to Dec 2018, with 276 observations. The data reached an all-time high of 133.000 % in Nov 1996 and a record low of 55.000 % in Oct 2018. Russia Enterprises Debt to Banks: 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.

Russia Stocks: Actual: Normal Monthly Level=100 data was reported at 85.000 % in Dec 2018. This records an increase from the previous number of 84.000 % for Nov 2018. Russia Stocks: Actual: Normal Monthly Level=100 data is updated monthly, averaging 89.000 % from Jan 1993 (Median) to Dec 2018, with 312 observations. The data reached an all-time high of 116.000 % in Apr 1994 and a record low of 70.000 % in Sep 1999. Russia Stocks: 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.

Russia RU: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data was reported at 149.165 USD mn in May 2018. This records an increase from the previous number of 75.941 USD mn for Apr 2018. Russia RU: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico data is updated monthly, averaging 3.186 USD mn from Jan 1993 (Median) to May 2018, with 305 observations. The data reached an all-time high of 149.165 USD mn in May 2018 and a record low of -66.873 USD mn in Oct 2012. Russia RU: Trade Balance: Emerging and Developing Economies: Western Hemisphere: Mexico 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.DOT: Trade Balance: by Country: Monthly.