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) in Russia expanded 1.40 percent in the first 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 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.

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.

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.

Historical chart and dataset showing Russia economic growth by year from 1988 to 2023.

FocusEconomics' economic data is provided by official state statistical reporting agencies as well as our global network of leading banks, think tanks and consultancies. Our datasets provide not only historical data, but also Consensus Forecasts and individual forecasts from the aformentioned global network of economic analysts. This includes the latest forecasts as well as historical forecasts going back to 2010. Our global network consists of over 1000 world-renowned economic analysts from which we calculate our Consensus Forecasts. In this specific dataset you will find economic data for Russia GDP.

Russia RU: GDP: % of GDP: Gross Value Added: Industry data was reported at 30.648 % in 2023. This records a decrease from the previous number of 32.096 % for 2022. Russia RU: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 31.780 % from Dec 1989 (Median) to 2023, with 35 observations. The data reached an all-time high of 46.597 % in 1989 and a record low of 27.932 % in 2014. Russia RU: GDP: % of GDP: Gross Value Added: Industry 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: Share of GDP. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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. Note: For VAB countries, gross value added at factor cost is used as the denominator.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;Note: Data for OECD countries are based on ISIC, revision 4.

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.

The Gross Domestic Product per capita in Russia was last recorded at 11043.26 US dollars in 2024. The GDP per Capita in Russia is equivalent to 87 percent of the world's average. This dataset provides the latest reported value for - Russia GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Explore real GDP growth projections dataset, including insights into the impact of COVID-19 on economic trends. This dataset covers countries such as Spain, Australia, France, Italy, Brazil, and more.

growth rate, Real, COVID-19, GDP

Spain, Australia, France, Italy, Brazil, Argentina, United Kingdom, United States, Canada, Russia, Turkiye, World, China, Mexico, Korea, India, Saudi Arabia, South Africa, Germany, Indonesia, JapanFollow data.kapsarc.org for timely data to advance energy economics research..Source: OECD Economic Outlook database.- India projections are based on fiscal years, starting in April. The European Union is a full member of the G20, but the G20 aggregate only includes countries that are also members in their own right. Spain is a permanent invitee to the G20. World and G20 aggregates use moving nominal GDP weights at purchasing power parities. Difference in percentage points, based on rounded figures.

Russia RU: GDP: Growth: Final Consumption Expenditure data was reported at 2.566 % in 2017. This records an increase from the previous number of -3.507 % for 2016. Russia RU: GDP: Growth: Final Consumption Expenditure data is updated yearly, averaging 3.045 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 14.403 % in 2007 and a record low of -8.170 % in 2015. Russia RU: GDP: Growth: Final Consumption Expenditure 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. Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The dataset includes entrepreneurship development indicators: - Number of enterprises and organizations (at the end of the year) (2020), units and thousand units; - Turnover of organizations (2020), billion rubles; - Balanced financial result (profit minus loss) of organizations' activities (2020), million rubles and billion rubles; - Share of organizations using special software (2020), % The dataset also contains indicators such as Ыhare of organizations implementing technological innovations (2020), %; Gross regional product (GRP) (2019), million rubles. The values of indicators are given for 96 main territories of the Russian Federation allocated by Rosstat, including regions, federal districts and largest cities (federal centers). The data are given by regions for 2020, as well as for Russia as a whole for 2010, 2015 and 2020. Source of the data: Regions of Russia. Socio-economic indicators - 2021 [Electronic resource]. - Rosstat. – Access mode: https://rosstat.gov.ru/folder/210/document/13204 The dataset is available in Russian (на Русском) and English (in separate files).

RU: GDP: Growth: Gross Value Added: Industry data was reported at 3.556 % in 2023. This records an increase from the previous number of -0.172 % for 2022. RU: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 1.807 % from Dec 1991 (Median) to 2023, with 33 observations. The data reached an all-time high of 12.141 % in 2000 and a record low of -21.596 % in 1992. RU: GDP: Growth: Gross Value Added: Industry 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 industrial (including construction) value added based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. Industry corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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.

Russia Real GDP: Estimate: Same Mth PY=100 data was reported at 101.300 Same Mth PY=100 in Feb 2018. This records a decrease from the previous number of 101.700 Same Mth PY=100 for Jan 2018. Russia Real GDP: Estimate: Same Mth PY=100 data is updated monthly, averaging 104.200 Same Mth PY=100 from Jan 2001 (Median) to Feb 2018, with 203 observations. The data reached an all-time high of 109.900 Same Mth PY=100 in Feb 2008 and a record low of 88.200 Same Mth PY=100 in May 2009. Russia Real GDP: Estimate: Same Mth PY=100 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.AB001: Real GDP: Estimate. Replacement series ID: 403962747

GDP Growth Tracker: YoY data was reported at 3.078 % in Apr 2023. This records a decrease from the previous number of 4.132 % for Mar 2023. GDP Growth Tracker: YoY data is updated monthly, averaging 2.339 % from Jan 2005 (Median) to Apr 2023, with 220 observations. The data reached an all-time high of 12.427 % in Apr 2021 and a record low of -8.957 % in May 2020. GDP Growth Tracker: YoY data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Russian Federation – Table RU.OECD.WT: GDP Growth Tracker: Monthly.

Russia RU: GDP: Growth: Gross Value Added: Services data was reported at -0.546 % in 2016. This records an increase from the previous number of -2.505 % for 2015. Russia RU: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 2.523 % from Dec 1991 (Median) to 2016, with 26 observations. The data reached an all-time high of 13.622 % in 2007 and a record low of -19.480 % in 1993. Russia RU: GDP: Growth: Gross Value Added: 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: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Russia recorded a Government Debt to GDP of 16.40 percent of the country's Gross Domestic Product in 2024. This dataset provides - Russia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Historical chart and dataset showing Russia debt to gdp ratio by year from 1998 to 2023.