Russia has the 13th largest economy in the world and is one of the richest countries in the world. The gross domestic product (GDP) of Russia is $1,326.02 (USD Billion) and its growth was -3.73% from 2014 to 2015. Its highest GDP was recorded in 2013 and its average GDP in the last 10 years is $1,648.76 (USD Billion).
Russia GDP per capita is $9,057.11 (USD). However, when factoring in purchase power parity (PPP), it becomes $24,451.38 (USD), making it the 49th richest country in the world. The average GDP adjusted to PPP per capita in the last 10 years was $21,471.54 (USD).
Russia is characterized as having a mixed economy, where the state owns certain sectors. The World Bank estimates that Russia is home to over 75$ trillion US dollars worth of natural resources across its vast land.
Russia's economy is ranked sixth largest in the world by Purchasing Power Parity (PPP) and twelfth largest in terms of market exchange rates. The Russian economy suffered harshly in the early 1990s around the collapse of the Soviet Union, reaching its apex with the 1998 Russian financial crisis. However, the economy of Russia has been experiencing a boom in the last decade or proceeding the financial crisis of 2008/2009. This is partially due to a surge in oil and gas prices, as Russia is one of the world's largest producers of oil, producing 12% of the world's total.
According to the World Bank, Russia's per capita income is $9,093 USD. Most Russians work in public administration, health and education, real estate, mining, manufacturing, construction, and services. Agriculture only makes up a small percentage of the workforce. The unit of currency used in Russia is the ruble.
The major trading partners of Russia include Italy, China, Poland, Finland, the United Kingdom, and the United States.
GDP Of Russia Per Year
Russia's GDP & Other Economic Statistics
|GNI per capita, PPP||23,790.00||24,270.00||24,520.00||International $|
|GNI, PPP||3,482.48||3,544.93||3,544.93||International $ Billion|
|Gross domestic savings||385.46||562.91||645.00||USD Billion|
|GDP per capita, PPP||24,451.38||25,094.73||25,316.64||International $|
|GDP per capita growth||-3.93||-1.07||8.72||%|
|GDP per capita||9,057.11||13,902.14||15,543.70||USD|
|Services, etc., value added||745.35||1,122.76||1,227.96||USD Billion|
|Industry, value added||387.19||565.90||637.50||USD Billion|
|Manufacturing, value added||69.98||114.55||287.20||USD Billion|
|Agriculture, value added||54.98||74.14||74.18||USD Billion|
|Gross fixed capital formation||289.93||433.87||450.94||USD Billion|
|Tax revenue||13.44||13.29||16.57||% of GDP|
What is Gross Domestic Product (GDP)?
Gross Domestic Product (GDP) is a measure of market value of all final goods and service produced in a yearly period. This page provides the GDP of Russia – current values and historical information. The information was last updated 2016.
GDP Of Russia vs. Other Countries
|Rank||Country||GDP (USD Billion), 2015|