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.

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 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.

Key information about Russia Real GDP Growth

• The Gross Domestic Product (GDP) in Russia expanded 1.3 % YoY in Jun 2025, following a growth of 1.5 % in the previous quarter.
• Real GDP Growth YoY data in Russia is updated quarterly, available from Mar 1996 to Jun 2025, with an average rate of 0.8 %.
• The data reached an all-time high of 12.0 % in Dec 1981 and a record low of -0.2 % in Dec 2015.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The Federal State Statistics Service provides Real GDP in local currency at 2021 prices, based on SNA 2008. Real GDP Growth prior to Q1 2012 is calculated from Real GDP at 2008 prices and prior to Q1 2004 from Real GDP at 2003 prices, both based on SNA 1993.


Related information about Russia Real GDP Growth

• In the latest reports, Nominal GDP of Russia reached 612.6 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 3.6 % in Jun 2025.
• GDP Per Capita in Russia reached 13,817.0 USD in Dec 2023.
• Its Gross Savings Rate was measured at 26.1 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 25.1 % in Jun 2025.
• Public Consumption accounted for 20.1 % in Jun 2025.
• Private Consumption accounted for 53.8 % in Jun 2025.

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.

Key information about Russia Nominal GDP

• Russia Nominal GDP reached 612.6 USD bn in Jun 2025, compared with 512.0 USD bn in the previous quarter.
• Nominal GDP in Russia is updated quarterly, available from Mar 1993 to Jun 2025, with an average number of 245.4 USD bn.
• The data reached an all-time high of 693.4 USD bn in Dec 2022 and a record low of 24.1 USD bn in Mar 1993.

CEIC converts quarterly Nominal GDP into USD. Federal State Statistics Service provides Nominal GDP in local currency based on SNA 2008. The Bank of Russia average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 2011 is based on SNA 1993.


Related information about Russia Nominal GDP

• In the latest reports, Russia GDP expanded 1.3 % YoY in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 3.6 % in Jun 2025.
• Russia GDP Per Capita reached 13,817.0 USD in Dec 2023.
• Its Gross Savings Rate was measured at 26.1 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 25.1 % in Jun 2025.
• Public Consumption accounted for 20.1 % in Jun 2025.
• Private Consumption accounted for 53.8 % in Jun 2025.

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.

The statistic shows the distribution of the workforce across economic sectors in Russia from 2013 to 2023. In 2023, 5.69 percent of the workforce in Russia was employed in agriculture, 26.38 percent in industry and 67.93 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.

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.

Key information about Russia Public Consumption: % of GDP

• Russia Public Consumption accounted for 20.1 % of its Nominal GDP in Jun 2025, compared with a share of 21.4 % in the previous quarter.
• Russia Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1993 to Jun 2025, with an average number of 23.2 %.
• The data reached an all-time high of 23.6 % in Mar 1994 and a record low of 12.5 % in Mar 1993.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Federal State Statistics Service provides Government Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Government Consumption as % of Nominal GDP prior to Q1 2011 is based on SNA 1993.


Related information about Russia Public Consumption: % of GDP

• In the latest reports, Russia GDP expanded 1.3 % YoY in Jun 2025.
• Russia Nominal GDP reached 612.6 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 3.6 % in Jun 2025.
• Russia GDP Per Capita reached 13,817.0 USD in Dec 2023.
• Its Gross Savings Rate was measured at 26.1 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 25.1 % in Jun 2025.
• Private Consumption accounted for 53.8 % in Jun 2025.

In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Russia amounted to 3.5 percent. Between 1992 and 2024, the figure dropped by 1.41 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the share will steadily decline by 0.41 percentage points from 2024 to 2030.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Russia (LFEASETTRUA647N) from 1999 to 2021 about Russia, services, and employment.

Comprehensive dataset on Russia's energy sector, economy, and socio-economic metrics from post-Soviet era to future projections.

This dataset provides a historical and projected overview of key economic, energy, and social indicators for Russia spanning from 1991 (post-Soviet dissolution) to 2025 (including forecasts). It focuses on the oil and gas sector, which has been a cornerstone of Russia's economy, alongside broader macroeconomic and demographic metrics. The data is useful for analyzing trends in energy production, exports, fiscal dependencies, inflation, and social inequality during periods of economic transformation, crises (e.g., 1998 ruble crisis, 2014 sanctions), and recent geopolitical events. Key Features:

Time Coverage: Annual data from 1991 to 2025 (with projections for 2024-2025 based on estimates). Rows: 35 (one per year). Columns: 29, covering energy production, prices, exports, fiscal indicators, demographics, and more. File Format: CSV (UTF-8 encoded for compatibility with special characters like en-dash in tax rates). Data Sources: Compiled from public sources including Rosstat, World Bank, IMF, EIA (U.S. Energy Information Administration), and Russian Central Bank reports. Projections for 2024-2025 are estimates based on trends and may require updates. Missing Values: Some fields (e.g., early years for FDI or import volumes) are blank due to data unavailability; handle with imputation if needed.

Column Descriptions

Column Name	Description	Unit	Notes
Year	Calendar year	-	From 1991 to 2025
oil_prices(barrel/USD)	Average annual price of crude oil	USD per barrel	Brent or Urals benchmark
gas_prices(MMBtu/USD)	Average annual price of natural gas	USD per million BTU	Henry Hub or European hub prices
Oil_production_volume(million_b/y)	Annual oil production	Million barrels per year	Russian Federation total
Gas_production_volume(billion_c_m/y)	Annual gas production	Billion cubic meters per year	Includes Gazprom and independents
Oil_export_volume(million tons)	Annual oil exports	Million tons	Crude and products
Gas_export_volume(billion_c_m)	Annual gas exports	Billion cubic meters	Pipeline and LNG
Share_of_oil_and_gas_revenues(%)	Oil & gas revenues as share of federal budget	%	Dependency on energy sector
TB(billion USD)	Trade balance	Billion USD	Exports minus imports
FDI(billion USD)	Foreign direct investment inflows	Billion USD	Net inflows
Import_volume(billion USD)	Total import volume	Billion USD	Goods and services
Key_rate(%)	Central Bank key interest rate	%	Average or end-of-year
level_of_public_debt(% of GDP)	Public debt as percentage of GDP	% of GDP	General government
tock_Market_Index(MOEX Index)	MOEX Russia Index value	Index points	Year-end or average
inflation_rate(%)	Annual inflation rate (CPI-based)	%	Consumer price index change
exchange_rates(RUB/USD)	Average RUB to USD exchange rate	RUB per USD	Annual average
GNP(milliard USD)	Gross National Product	Milliard USD (billion)	Nominal
ISI(0-10)	The index of sanctions pressure	Scale 0-10	Pressure on the economy through sanctions
Migration_rate(net_migration th/p)	Net migration rate	Thousands of people	Inflows minus outflows
Gini_coefficient(%)	Gini coefficient for income inequality	%	0 = perfect equality, 100 = perfect inequality
population_size(p)	Total population	People	Mid-year estimate
unemployment_rate(%)	Unemployment rate	%	Labor force survey
per_c_i(thousands USD)	Per capita income	Thousands USD	Nominal, PPP-adjusted in some years
Non_oil_GDP(%)	Non-oil GDP share	%	GDP excluding oil/gas extraction
CPI	Consumer Price Index	Index (base year varies)	Cumulative inflation measure
Military_expenditures(% of GDP)	Military spending as % of GDP	% of GDP	SIPRI or official data
tax_rates(VAT%)	Value-Added Tax rate	%	Standard rate
tax_rates(PIT%)	Personal Income Tax rate	% or range	Flat rate or progressive brackets (e.g., "13-15")
tax_receipts(billion USD)	Total tax receipts	Billion USD	Federal budget collections

Githab rep https://github.com/AsDo001/Forecasting-of-revenues-to-the-budget-of-the-Russian-Federation

In 2024, the ratio of national debt to gross domestic product (GDP) of Russia amounted to about 20.30 percent. Between 1997 and 2024, the figure dropped by approximately 31.22 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the ratio will steadily grow by around 6.91 percentage points from 2024 to 2030.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Russia (XTNTVA01RUM667S) from Jan 1991 to Dec 2024 about Russia, trade, Net, and goods.

Russia GDP: Taxes on Products data was reported at 19,756.178 RUB bn in 2024. This records an increase from the previous number of 18,905.089 RUB bn for 2023. Russia GDP: Taxes on Products data is updated yearly, averaging 10,946.365 RUB bn from Dec 2011 (Median) to 2024, with 14 observations. The data reached an all-time high of 19,756.178 RUB bn in 2024 and a record low of 8,413.322 RUB bn in 2011. Russia GDP: Taxes 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.

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.

Exports in Russia decreased to 31527 USD Million in August from 38027 USD Million in July of 2025. This dataset provides - Russia Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia export data: Discover how oil, natural gas, metals and chemical exports drive economic growth in this resource-rich country.