Indicators of economy in Russia
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.912 US Dollar per capita. In contrast, the GDP in Russia reached 10.295 US dollars per inhabitant, or 1,483.50 bn US Dollar in the whole country. Russia is therefore one of the world's largest economies and is currently at rank 11. If this is calculated per inhabitant taking into account the purchasing power parity, then Russia is in the list of the world's richest countries in place 49.Inflation in Russia was in 2021 at around 6.69%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 63.8% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
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Impact of the Covid-19 pandemic in 2020
The consequences of the Covid pandemic in 2020 were considerable in Russia. Overall, gross domestic product in 2020 fell from 1,687.45 billion US Dollar auf 1,483.50 billion US Dollar. With a large drop of 12.09 percent, the economy in Russia has struggled significantly more than other countries. The tourism sector alone slumped by around 71 percent. The unemployment rate rose from 4.5 to 5.6 percent. The inflation rate has fallen from 4.5 percent previously to 3.4 percent by the end of 2020.Unemployment rates in percent 1991 - 2021
Economic performance 2020
Russia Total | Russia per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 1,483.50 bn USD | 10,294.63 USD | 15,291.93 tn USD | 29,710.69 USD |
Gross national product | 1,565.77 bn USD | 10,865.53 USD | 15,330.84 tn USD | 29,786.28 USD |
Russia ranked 24th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 24 of the 2000 largest listed companies in the world originate from Russia. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country were in 2021:
Rank 51: Sberbank (Moscow)
Rank 99: Rosneft (Moscow)
Rank 309: Surgutneftegas (Surgut)
Rank 367: Gazprom (Moscow)
Rank 388: Norilsk Nickel (Moscow)
Rank 467: LukOil (Moscow)
Rank 513: Transneft (Moscow)
Rank 530: Novatek (Moscow)
Rank 597: VTB Bank (Moscow)
Rank 751: Tatneft (Almetyevsk)
Development of the Gross domestic product in billion US Dollar 1988 - 2020
› Debt budget development
› Development of inflation
› Corruption in Russia
› Cost of living in a global comparison
› Development of inflation
› Corruption in Russia
› Cost of living in a global comparison
Im- and Exports 2020
Russia Total | Russia per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 303.72 bn USD | 2,107.65 USD | 7,340.01 bn USD | 14,260.90 USD |
Exports | 380.41 bn USD | 2,639.83 USD | 7,939.04 bn USD | 15,424.75 USD |
Development of imports and exports in billion US dollars 1994 - 2020
Exports
Imports