Worlddata.info

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.


Back to overview: Russia

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
GDP1,483.50 bn USD10,294.63 USD15,291.93 tn USD29,710.69 USD
Gross national product1,565.77 bn USD10,865.53 USD15,330.84 tn USD29,786.28 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



Im- and Exports 2020

 Russia
Total
Russia
per capita
EU
Total
EU
per capita
Imports303.72 bn USD2,107.65 USD7,340.01 bn USD14,260.90 USD
Exports380.41 bn USD2,639.83 USD7,939.04 bn USD15,424.75 USD


Development of imports and exports in billion US dollars 1994 - 2020

Exports
Imports



Russia: AirportsLargest airports and airlines in RussiaThe 30 biggest airports and 30 airlines in Russia with further information and data
Russia: Public HolidaysPublic holidays in Russia 2022-2026Statutory and inofficial holidays in Russia for 2022 to 2026
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.