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.

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 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.

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

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.

The Gross Domestic Product per capita in Russia was last recorded at 41704.71 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Russia, when adjusted by Purchasing Power Parity is equivalent to 235 percent of the world's average. This dataset provides the latest reported value for - Russia GDP per capita PPP - 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.

Key information about Russia Nominal GDP Growth

• Russia Nominal GDP Growth was reported at 4.727 % in Jun 2025.
• This records a decrease from the previous number of 8.187 % for Mar 2025.
• Russia Nominal GDP Growth data is updated quarterly, averaging -9.796 % from Mar 1994 to Jun 2025, with 126 observations.
• The data reached an all-time high of 544.118 % in Mar 1994 and a record low of -10.715 % in Jun 2020.
• Russia Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Federal State Statistics Service provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 2012 is based on SNA 1993.

Graph and download economic data for Nominal Gross Domestic Product for Russia (NGDPNSAXDCRUQ) from Q1 1994 to Q1 2025 about Russia and GDP.

Graph and download economic data for Gross Domestic Product Per Capita for Russian Federation (PCAGDPRUA646NWDB) from 1988 to 2024 about Russia, per capita, and GDP.

Monthly and long-term Russia GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

Russia RU: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data was reported at 6.650 % in 2022. This records an increase from the previous number of -0.825 % for 2021. Russia RU: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing data is updated yearly, averaging 1.577 % from Dec 1991 (Median) to 2022, with 32 observations. The data reached an all-time high of 17.100 % in 1999 and a record low of -18.800 % in 1998. Russia RU: GDP: Growth: Gross Value Added: Agriculture, Forestry, and Fishing 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: Annual Growth Rate. Annual growth rate for agricultural, forestry, and fishing value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Agriculture corresponds to ISIC divisions 01-03 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

GDP Constant Prices in Russia increased to 34845.80 RUB Billion in the second quarter of 2025 from 32719.96 RUB Billion in the first quarter of 2025. This dataset provides - Russia GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Consumption as percent of GDP in Russia, June, 2025 The most recent value is 53.77 percent as of Q2 2025, an increase compared to the previous value of 53.36 percent. Historically, the average for Russia from Q1 1995 to Q2 2025 is 51.46 percent. The minimum of 43.07 percent was recorded in Q3 2000, while the maximum of 60.95 percent was reached in Q1 1999. | TheGlobalEconomy.com

Russia: GDP per capita, current U.S. dollars: The latest value from 2024 is 14889.02 U.S. dollars, an increase from 14159.39 U.S. dollars in 2023. In comparison, the world average is 19439.19 U.S. dollars, based on data from 176 countries. Historically, the average for Russia from 1988 to 2024 is 7508.28 U.S. dollars. The minimum value, 1330.76 U.S. dollars, was reached in 1999 while the maximum of 15941.45 U.S. dollars was recorded in 2013.

Graph and download economic data for National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Russia (RUSGDPDEFQISMEI) from Q1 2003 to Q3 2021 about implicit price deflator, Russia, and GDP.

Graph and download economic data for Output-side Real GDP at Current Purchasing Power Parities for Russian Federation (CGDPOSRUA666NRUG) from 1990 to 2019 about Russia, PPP, real, and GDP.