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.

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.

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

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 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 MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data was reported at 1.520 % in 2026. This records an increase from the previous number of 1.453 % for 2025. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data is updated yearly, averaging 1.453 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 3.851 % in 2021 and a record low of -3.000 % in 2020. Russia MED Forecast: Real(GDP) Gross Domestic ProductGrowth: YoY: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Conservative Scenario data was reported at 3.665 % in 2026. This records an increase from the previous number of 2.411 % for 2025. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Conservative Scenario data is updated yearly, averaging 3.938 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 15.800 % in 2022 and a record low of 0.900 % in 2020. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

Due to the COVID-19 pandemic, the population's real disposable income in Russia declined by three percent in 2020. In the following year, the income growth was forecast at 3.7 percent, after which it would decline to 2.1 percent in 2025.

Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data was reported at 3.679 % in 2026. This records an increase from the previous number of 3.458 % for 2025. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data is updated yearly, averaging 3.933 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 15.800 % in 2022 and a record low of 0.900 % in 2020. Russia MED Forecast:(GDP) Gross Domestic ProductDeflator: YoY: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation.

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

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

Russia MED Forecast: Import Products: Baseline Scenario data was reported at 335.491 USD bn in 2026. This records an increase from the previous number of 326.812 USD bn for 2025. Russia MED Forecast: Import Products: Baseline Scenario data is updated yearly, averaging 313.785 USD bn from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 335.491 USD bn in 2026 and a record low of 239.640 USD bn in 2020. Russia MED Forecast: Import Products: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

The novel coronavirus pandemic, or COVID-19, had a severe impact on the global economy, causing a decrease of the G20 countries' gross domestic product (GDP) of ***** percent in 2020. However, the following year, the GDP of these countries grew by over *** percent. It continued to grow in the following years, albeit at a slower pace, and is forecast to continue to do so in 2025 and 2026.For more information about the economic impact of the COVID-19 pandemic on the global economy, please check out our dedicated topic page.

Russia MED Forecast: GDP: Target data was reported at 112,941.833 RUB bn in 2020. This records an increase from the previous number of 104,570.348 RUB bn for 2019. Russia MED Forecast: GDP: Target data is updated yearly, averaging 97,945.408 RUB bn from Dec 2016 (Median) to 2020, with 5 observations. The data reached an all-time high of 112,941.833 RUB bn in 2020 and a record low of 79,101.988 RUB bn in 2016. Russia MED Forecast: GDP: Target data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.AA029: GDP: Forecast: Ministry of Economic Development: Annual.

The share of trade balance of goods in Russian GDP reached over *** percent in 2020. The figures were projected to increase in 2021, down to about *** percent. By 2023, it was forecast to increase to **** percent.

Inflation Rate in Russia decreased to 7.70 percent in October from 8 percent in September of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports of Usa %total in Russia increased to 3.20 percent in 2020 from 3.10 percent in 2019. This dataset includes a chart with historical data for Russia Exports of Usa %total.

The statistic shows the inflation rate in Russia from 1997 to 2024, with projections until 2030. The inflation rate is calculated using the price increase in a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g., gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Russia was at about 13.75 percent compared to the previous year. Russia's economic uplift Based on economic power and economic standards, Russia is recognized as one of the biggest economic powers in the world. With a population of around 143 million people and a re-awakened population growth since 2010, Russia has tried to establish itself as one of the world’s largest economies and wealthiest nations and succeeded, being the sixth-largest economy in the world today. The gross domestic product (GDP) increase in Russia from 2009 to 2014 is also a good indicator of Russia’s economic growth and strength. After the 1998 Russian financial crisis, several reforms were introduced to the Russian economy which allowed it to recover. Not only did the Russian economy experience a great boost, but the quality of life in Russia as well as the people’s satisfaction with the direction of the country has also improved. In comparison to the previous year - with the exception of 2009 -, the Russian real gross domestic product growth rate has increased over the past decade. The trade balance of goods has been experiencing a rapid increase since the beginning of the millennium, with the exceptions of 2007 and 2009 due to the global economic crisis. This allowed Russia to export more goods than it imported. This high trade balance of goods resulted in a low inflation rate in 2012, the lowest recorded inflation rate since 2004.

Russia MED Forecast: Import Products: Conservative Scenario data was reported at 331.045 USD bn in 2026. This records an increase from the previous number of 323.165 USD bn for 2025. Russia MED Forecast: Import Products: Conservative Scenario data is updated yearly, averaging 312.493 USD bn from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 331.045 USD bn in 2026 and a record low of 239.640 USD bn in 2020. Russia MED Forecast: Import Products: Conservative Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Forecast of The Social and Economic Development of The Russian Federation. Data release delayed due to the Ukraine-Russia conflict. No estimation on next release date can be made.

Russia MED Forecast: Real GDP: YoY: Target data was reported at 3.098 % in 2020. This records an increase from the previous number of 2.598 % for 2019. Russia MED Forecast: Real GDP: YoY: Target data is updated yearly, averaging 2.598 % from Dec 2016 (Median) to 2020, with 5 observations. The data reached an all-time high of 3.320 % in 2017 and a record low of 2.201 % in 2018. Russia MED Forecast: Real GDP: YoY: Target data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.AB002: Real GDP: Forecast: Ministry of Economic Development: Annual.