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Indicators of economy in Russia

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Russia, on the other hand, reached USD 12,400 per capita, or 1.779 trillion USD for 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 purchasing power parity into account, then Russia ranks 49th in the list of the richest countries.

Inflation in Russia in 2021 was around 6.69%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 63.1 percent lower.
The index for perceived corruption in the public sector is 29, which is rather poor by global standards.


Back to overview: Russia

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic in 2020 were considerable in Russia. Overall, gross domestic product in 2020 fell from 1.693 trillion US dollars to 1.489 trillion US dollars. With a large drop of 12.03 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 fell from 4.5 percent previously to 3.4 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Russia
Total
Russia
per capita
EU
Total
EU
per capita
GDP1.779 tn USD12,400.08 USD17.177 tn USD33,384.92 USD
Gross national product1.694 tn USD11,806.29 USD16.895 tn USD32,835.37 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. Out of the 2,000 largest listed companies in the world, 23 originate from Russia. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country in 2022 were:

Rank 49: Gazprom (St. Petersburg)
Rank 81: Rosneft (Moscow)
Rank 116: Sberbank (Moscow)
Rank 167: LukOil (Moscow)
Rank 414: Novatek (Moscow)
Rank 450: Norilsk Nickel (Moscow)
Rank 476: Surgutneftegas (Surgut)
Rank 513: VTB Bank (Moscow)
Rank 684: Transneft (Moscow)
Rank 788: Tatneft (Almetyevsk)

Development of gross domestic product in billions of USD 1988 - 2021



Imports and Exports 2021

 Russia
Total
Russia
per capita
EU
Total
EU
per capita
Imports379.47 bn USD2,645.33 USD8.916 tn USD17,329.02 USD
Exports549.77 bn USD3,832.52 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1994 - 2021

Exports
Imports



Russia: AirportsLargest airports and airlines in RussiaThe 30 biggest airports and 13 airlines in Russia with further information and data with further information on airlines and destinations
Russia: Public HolidaysPublic holidays in Russia 2023-2027Statutory and inofficial holidays in Russia for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.