Russia: Economy
Due to military action in Ukraine, the information on these pages may not reflect current conditions in the country.
|
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
|
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
In Transition |
| Economic Trivia | Russia has been the world's leading producer since 2011. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, Germany, and Netherlands |
| Top Industries Source: CIA World Factbook | Complete Range of Mining and Extractive Industries Producing Coal; Oil; Gas; Chemicals |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $5,326,854,623,770 (2022) |
| GDP Growth Rate (annual %) | -2.07% (2022) |
| GDP Per Capita, PPP (current international) | $36,485 (2022) |
GDP Country Rank 5/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 6.694% (2021) |
| External debt stocks, total (DOD, current US$) | $481,418,073,713 (2021) |
| Total tax rate (% of commercial profits) | 46.2% (2019) |
| Real Interest Rate (5 year average %) | -3.752% (2022) |
| Manufacturing, value added (% of GDP) | 12.842% (2022) |
| Current Account Balance (BoP, current US$) | $233,018,500,000 (2022) |
Labor and Employment [1]
| Labor Force, Total | 73,367,843 (2021) |
| Employment in Agriculture (% of total employment) | 5.802% (2021) |
| Employment in Industry (% of total employment) | 26.874% (2021) |
| Employment in Services (% of total employment) | 67.324% (2021) |
| Unemployment Rate | 4.72% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $349,174,569,154 (2022) |
| Exports of goods and services (current US$) | $631,550,512,381 (2022) |
| Total Merchandise Trade (% of GDP) | 34.47% (2022) |
| FDI, net inflows (BoP, current US$) | ($40,043,500,000) (2022) |
| Commercial Service Exports (current US$) | $47,702,070,000 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Russia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.