Russia ranked 11/197 by economy size with a GDP of $2.17T and 68/197 by GDP per capita at $15,145. Russia has $440B in government debt, with a debt-to-GDP ratio of 20.3%.
In 2024, Russia made up 1.96% of the world's economy, compared to 2.84% in 1988.
Russia GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $2,173,835,806,672 | 4.34% |
| 2023 | $2,071,505,725,031 | 4.08% |
| 2022 | $2,291,612,121,335 | -1.44% |
| 2021 | $1,829,186,719,575 | 5.87% |
| 2020 | $1,493,075,894,362 | -2.65% |
| 2019 | $1,693,115,002,708 | 2.2% |
| 2018 | $1,657,328,773,461 | 2.81% |
| 2017 | $1,574,199,360,089 | 1.83% |
| 2016 | $1,276,786,350,881 | 0.19% |
| 2015 | $1,363,482,182,198 | -1.97% |
| 2014 | $2,059,241,589,895 | 0.74% |
| 2013 | $2,292,470,078,346 | 1.76% |
| 2012 | $2,208,293,553,878 | 4.02% |
| 2011 | $2,045,922,753,398 | 4.3% |
| 2010 | $1,524,916,715,224 | 4.5% |
| 2009 | $1,222,645,900,056 | -7.8% |
| 2008 | $1,660,848,058,303 | 5.2% |
| 2007 | $1,299,703,478,482 | 8.5% |
| 2006 | $989,932,071,353 | 8.2% |
| 2005 | $764,015,973,481 | 6.4% |
| 2004 | $591,016,690,732 | 7.2% |
| 2003 | $430,347,420,185 | 7.3% |
| 2002 | $345,470,494,418 | 4.7% |
| 2001 | $306,602,070,621 | 5.1% |
| 2000 | $259,710,142,197 | 10% |
| 1999 | $195,907,128,351 | 6.4% |
| 1998 | $270,955,486,862 | -5.3% |
| 1997 | $404,928,954,192 | 1.4% |
| 1996 | $391,724,890,744 | -3.76% |
| 1995 | $395,537,185,735 | -4.14% |
| 1994 | $395,077,301,248 | -12.6% |
| 1993 | $435,083,713,851 | -8.67% |
| 1992 | $460,290,556,901 | -14.5% |
| 1991 | $517,962,962,963 | -5.05% |
| 1990 | $517,014,446,228 | -3% |
| 1989 | $506,631,299,735 | - |
| 1988 | $554,828,660,436 | - |
Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).
GeoRank.org/economy/russia | CC BY 
Russia GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $15,145 | $47,405 |
| 2023 | $14,403 | $44,269 |
| 2022 | $15,888 | $40,939 |
| 2021 | $12,637 | $38,638 |
| 2020 | $10,280 | $31,491 |
| 2019 | $11,640 | $30,964 |
| 2018 | $11,399 | $28,629 |
| 2017 | $10,835 | $25,778 |
| 2016 | $8,804 | $24,012 |
| 2015 | $9,427 | $23,994 |
| 2014 | $14,277 | $25,688 |
| 2013 | $15,941 | $26,020 |
| 2012 | $15,402 | $24,274 |
| 2011 | $14,305 | $22,790 |
| 2010 | $10,675 | $20,490 |
| 2009 | $8,563 | $19,390 |
| 2008 | $11,635 | $20,164 |
| 2007 | $9,101 | $16,648 |
| 2006 | $6,920 | $14,912 |
| 2005 | $5,323 | $11,822 |
| 2004 | $4,102 | $10,227 |
| 2003 | $2,975 | $9,255 |
| 2002 | $2,378 | $8,037 |
| 2001 | $2,100 | $7,361 |
| 2000 | $1,772 | $6,825 |
| 1999 | $1,331 | $5,914 |
| 1998 | $1,835 | $5,465 |
| 1997 | $2,738 | $5,700 |
| 1996 | $2,644 | $5,518 |
| 1995 | $2,666 | $5,613 |
| 1994 | $2,662 | $5,734 |
| 1993 | $2,931 | $6,420 |
| 1992 | $3,099 | $6,862 |
| 1991 | $3,490 | $7,858 |
| 1990 | $3,494 | $8,028 |
| 1989 | $3,430 | - |
| 1988 | $3,778 | - |
Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).
GeoRank.org/economy/russia | CC BY
Russia has a GDP per capita of $15,145, ranking 68/197, a GDP per capita based on purchasing power parity (PPP) of $47,405, ranking 50/197, and a median annual after tax income of $10,464, ranking 73/197.
Russia GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 11 | 63 | 45 |
| 2023 | 11 | 66 | 47 |
| 2022 | 8 | 61 | 47 |
| 2021 | 11 | 67 | 44 |
| 2020 | 11 | 67 | 48 |
| 2019 | 12 | 66 | 53 |
| 2018 | 12 | 69 | 55 |
| 2017 | 12 | 66 | 56 |
| 2016 | 12 | 73 | 56 |
| 2015 | 12 | 71 | 56 |
| 2014 | 9 | 59 | 51 |
| 2013 | 8 | 53 | 47 |
| 2012 | 8 | 54 | 50 |
| 2011 | 9 | 56 | 53 |
| 2010 | 11 | 65 | 54 |
| 2009 | 12 | 66 | 57 |
| 2008 | 9 | 59 | 57 |
| 2007 | 11 | 64 | 63 |
| 2006 | 13 | 65 | 64 |
| 2005 | 14 | 72 | 70 |
| 2004 | 16 | 79 | 76 |
| 2003 | 16 | 83 | 76 |
| 2002 | 16 | 86 | 84 |
| 2001 | 16 | 87 | 84 |
| 2000 | 21 | 97 | 87 |
| 1999 | 23 | 111 | 92 |
| 1998 | 20 | 98 | 95 |
| 1997 | 16 | 81 | 89 |
| 1996 | 16 | 81 | 85 |
| 1995 | 13 | 78 | 81 |
| 1994 | 13 | 73 | 79 |
| 1993 | 11 | 67 | 67 |
| 1992 | 9 | 63 | 66 |
| 1991 | 9 | 56 | 56 |
| 1990 | 9 | 56 | 55 |
| 1989 | 8 | 52 | - |
| 1988 | 7 | 50 | - |
Data sources: World Bank | Economy & Growth (1988–2024, retrieved 2026-04-06).
GeoRank.org/economy/russia | CC BY
Compared with 2000, in 2024 Russia is ranked 11th out of 182 by GDP (up from 21st), 63rd by GDP per capita (up from 97th), and 45th by GDP per capita PPP (up from 87th).
Economic indicators
Russia
|
Rank | |
|---|---|---|
| Gross domestic product |
$2.17T
2024 |
11/197 |
| GDP growth |
4.34%
2023-2024 |
50/194 |
| GDP per capita |
$15,145
2024 |
68/197 |
| GDP per capita, PPP |
$47,405
2024 |
50/197 |
| Government debt |
$440B
2024 |
21/185 |
| Debt-to-GDP ratio |
20.3%
2024 |
175/185 |
| Government debt per person |
$3,067
2024 |
98/185 |
| Average annual personal income after taxes |
$10,464
2026 |
73/197 |
| Listed domestic companies |
194
2023 |
34/103 |
| Market capitalization of domestic companies |
$650B
2023 |
19/100 |
| Number of millionaires |
426,000
2025 |
19/35 |
| Millionaire frequency |
1 in 260
2025 |
27/35 |
| Number of billionaires |
140
2025 |
5/78 |
| Billionaire frequency |
1 in 791,862
2025 |
27/78 |
| Income share by richest 10% |
25.1%
2023 |
115/169 |
| Income share by poorest 10% |
3.1%
2023 |
54/169 |
| Government expenditure, % of GDP |
36.9%
2024 |
64/195 |
| Consumer prices inflation |
8.4%
2023-2024 |
35/195 |
| Central bank interest rate |
16%
2025 |
16/106 |
| Unemployment rate |
2.43%
2024 |
169/196 |
| Population |
141906741
|
9/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 36.9% | 20.3% | -1.6% |
| 2023 | 35.7% | 19.5% | -2.22% |
| 2022 | 35.2% | 18.5% | -1.34% |
| 2021 | 34.9% | 16.5% | 0.78% |
| 2020 | 39.2% | 19.2% | -3.99% |
| 2019 | 33.8% | 13.7% | 1.93% |
| 2018 | 32.6% | 13.6% | 2.92% |
| 2017 | 34.8% | 14.3% | -1.47% |
| 2016 | 36.6% | 14.8% | -3.67% |
| 2015 | 35.3% | 15.3% | -3.39% |
| 2014 | 34.9% | 15.1% | -1.07% |
| 2013 | 34.7% | 12.3% | -1.16% |
| 2012 | 34% | 11.2% | 0.38% |
| 2011 | 33.3% | 10.3% | 1.43% |
| 2010 | 35.5% | 10.1% | -3.19% |
| 2009 | 38.6% | 9.92% | -5.89% |
| 2008 | 32% | 7.45% | 4.55% |
| 2007 | 31.9% | 8.03% | 5.59% |
| 2006 | 29% | 9.8% | 7.8% |
| 2005 | 29.5% | 14.9% | 7.6% |
| 2004 | 29.6% | 20.8% | 4.57% |
| 2003 | 32.6% | 28.3% | 1.35% |
| 2002 | 33.8% | 37.6% | 0.67% |
| 2001 | 31.5% | 44.4% | 2.99% |
| 2000 | 30.7% | 55.9% | 3.11% |
| 1999 | 34.3% | 92.4% | -3.59% |
| 1998 | 39.7% | 135.2% | -7.42% |
| 1997 | - | 51.5% | - |
| 1996 | - | 51.9% | - |
| 1995 | - | 53.7% | - |
| 1994 | - | 63.5% | - |
| 1993 | - | 92.4% | - |
| 1992 | - | 116% | - |
| 1991 | - | - | - |
| 1990 | - | - | - |
| 1989 | - | - | - |
| 1988 | - | - | - |
| 1987 | - | - | - |
| 1986 | - | - | - |
| 1985 | - | - | - |
| 1984 | - | - | - |
| 1983 | - | - | - |
| 1982 | - | - | - |
| 1981 | - | - | - |
| 1980 | - | - | - |
| 1979 | - | - | - |
| 1978 | - | - | - |
| 1977 | - | - | - |
| 1976 | - | - | - |
| 1975 | - | - | - |
| 1974 | - | - | - |
| 1973 | - | - | - |
| 1972 | - | - | - |
| 1971 | - | - | - |
| 1970 | - | - | - |
| 1969 | - | - | - |
| 1968 | - | - | - |
| 1967 | - | - | - |
| 1966 | - | - | - |
| 1965 | - | - | - |
| 1964 | - | - | - |
| 1963 | - | - | - |
| 1962 | - | - | - |
| 1961 | - | - | - |
| 1960 | - | - | - |
| 1959 | - | - | - |
| 1958 | - | - | - |
| 1957 | - | - | - |
| 1956 | - | - | - |
| 1955 | - | - | - |
| 1954 | - | - | - |
| 1953 | - | - | - |
| 1952 | - | - | - |
| 1951 | - | - | - |
| 1950 | - | - | - |
| 1949 | - | - | - |
| 1948 | - | - | - |
| 1947 | - | - | - |
| 1946 | - | - | - |
| 1945 | - | - | - |
| 1944 | - | - | - |
| 1943 | - | - | - |
| 1942 | - | - | - |
| 1941 | - | - | - |
| 1940 | 5.49% | - | 0.15% |
| 1939 | 6.54% | - | 0.12% |
| 1938 | 5.74% | - | 0.16% |
| 1937 | 4.42% | - | 0.12% |
| 1936 | 4.31% | - | 0.1% |
| 1935 | 4.47% | - | 0.07% |
| 1934 | 4.84% | - | 0.25% |
| 1933 | 4.63% | - | 0.58% |
| 1932 | 6.22% | - | 0.06% |
| 1931 | 8.54% | - | -1.12% |
| 1930 | 12.7% | - | -1.62% |
| 1929 | 7.75% | - | -0.4% |
| 1928 | 5.71% | - | -0.4% |
| 1927 | - | - | - |
| 1926 | - | - | - |
| 1925 | - | - | - |
| 1924 | - | - | - |
| 1923 | - | - | - |
| 1922 | - | - | - |
| 1921 | - | - | - |
| 1920 | - | - | - |
| 1919 | - | - | - |
| 1918 | - | - | - |
| 1917 | - | - | - |
| 1916 | - | - | - |
| 1915 | - | - | - |
| 1914 | - | - | - |
| 1913 | - | 48.8% | - |
| 1912 | 15.2% | 45.2% | 0.69% |
| 1911 | 16.2% | 52.8% | 1.26% |
| 1910 | 14.8% | 52.5% | 1.52% |
| 1909 | 15.9% | 56% | -0.15% |
| 1908 | 17% | 58.8% | -0.83% |
| 1907 | 18.3% | 64.8% | -0.86% |
| 1906 | 21.2% | 68% | -3.19% |
| 1905 | 23.8% | 62.2% | -7.72% |
| 1904 | 20.4% | 53.3% | -5.13% |
| 1903 | 17.1% | 55.5% | 1.04% |
| 1902 | 16.6% | 52.4% | -1.57% |
| 1901 | 15.7% | 56.5% | 0.14% |
| 1900 | 15.9% | 56.7% | -0.36% |
| 1899 | 14.3% | 55.8% | 0.66% |
| 1898 | 15.4% | 59.8% | 0.03% |
| 1897 | 15.2% | 69.1% | 0.34% |
| 1896 | 15% | 78.9% | 1.3% |
| 1895 | 15.6% | 85.6% | 0.7% |
| 1894 | 13.1% | 78.2% | 1.43% |
| 1893 | 12.6% | 74.2% | 0.63% |
| 1892 | 14.5% | 75.7% | -1.16% |
| 1891 | 15.1% | 80.6% | -0.97% |
| 1890 | 14.2% | 75% | 0.01% |
| 1889 | 12.6% | 77.8% | 1.34% |
| 1888 | 11% | 73.2% | 0.88% |
| 1887 | 11.5% | 78.5% | 0.14% |
| 1886 | 14.2% | 87.1% | -0.84% |
| 1885 | 13.1% | 80.7% | -0.75% |
Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20).
GeoRank.org/economy/russia | CC BY
This chart shows Russia's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 27 years, Russia recorded a fiscal deficit in 13 of them, with an average annual surplus equal to 0.21% of GDP. In 2024, government spending reached $802B (36.9% of GDP), with a deficit of 1.6%.
The national debt reached $440B, ranking 21st out of 185 countries by total size, with a debt-to-GDP ratio of 20.3%, ranking 175th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | 8.4% |
| 2023 | 5.9% |
| 2022 | 13.7% |
| 2021 | 6.7% |
| 2020 | 3.4% |
| 2019 | 4.5% |
| 2018 | 2.9% |
| 2017 | 3.7% |
| 2016 | 7% |
| 2015 | 15.5% |
| 2014 | 7.8% |
| 2013 | 6.8% |
| 2012 | 5.1% |
| 2011 | 8.4% |
| 2010 | 6.8% |
| 2009 | 11.6% |
| 2008 | 14.1% |
| 2007 | 9% |
| 2006 | 9.7% |
| 2005 | 12.7% |
| 2004 | 10.9% |
| 2003 | 13.7% |
| 2002 | 15.8% |
| 2001 | 21.5% |
| 2000 | 20.8% |
| 1999 | 85.7% |
| 1998 | 27.7% |
| 1997 | 14.8% |
| 1996 | 47.8% |
| 1995 | 197.3% |
| 1994 | 308% |
| 1993 | 874% |
| 1992 | 1,569% |
| 1991 | 135.6% |
| 1990 | 0% |
Data sources: International Monetary Fund (IMF) | World Economic Outlook (1990–2024, retrieved 2026-02-20).
GeoRank.org/economy/russia | CC BY
Over the past 20 years, Russia has had an average annual inflation rate of 8.19%. In 2024, inflation was 8.4%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Russia
|
Rank | |
|---|---|---|
|
Current account balance
|
$63.4B
2024 |
12/190 |
| Current account balance, % of GDP |
+2.91%
2024 |
48/190 |
| Goods imports |
$302B
2024 |
21/189 |
| Goods exports |
$434B
2024 |
16/189 |
| Service imports |
$81.5B
2024 |
25/189 |
| Service exports |
$43.1B
2024 |
35/189 |
| Imports of goods and services, % of GDP |
17.6%
2024 |
171/181 |
| Exports of goods and services, % of GDP |
21.9%
2024 |
141/193 |
Russia top 10 trading partners
Russia's biggest trading partner accounting for 16.5% of all exports and imports is China, with a trade balance between the two of -$4.71B: Russia exports $71.5B worth of goods and services to China and imports $76.2B.
Below is the list of the top 10 trade partners of Russia.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
China
|
$148B | 16.5% | $71.5B | $76.2B | Raw materials & minerals | Machinery & equipment |
| 2 |
Germany
|
$65.6B | 7.34% | $33.1B | $32.5B | Raw materials & minerals | Machinery & equipment |
| 3 |
Netherlands
|
$52.1B | 5.83% | $44.3B | $7.86B | Raw materials & minerals | Business & finance services |
| 4 |
United States
|
$43.3B | 4.85% | $22.2B | $21.1B | Raw materials & minerals | Machinery & equipment |
| 5 |
Belarus
|
$42.4B | 4.74% | $24.7B | $17.7B | Raw materials & minerals | Machinery & equipment |
| 6 |
Turkey
|
$38.8B | 4.35% | $27.7B | $11.2B | Raw materials & minerals | Transport & tourism services |
| 7 |
United Kingdom
|
$34.7B | 3.89% | $25.4B | $9.36B | Precious metals & jewellery | Machinery & equipment |
| 8 |
Italy
|
$33.1B | 3.71% | $20B | $13.1B | Miscellaneous | Machinery & equipment |
| 9 |
South Korea
|
$31.3B | 3.5% | $17.5B | $13.8B | Raw materials & minerals | Machinery & equipment |
| 10 |
Kazakhstan
|
$29.5B | 3.31% | $20.9B | $8.69B | Machinery & equipment | Raw materials & minerals |
Top 10 exports
|
Russia
|
Rank | |
|---|---|---|
| Raw materials & minerals | $242B | 3/193 |
| Miscellaneous | $73.8B | 3/191 |
| Metals | $50.8B | 6/192 |
| Precious metals & jewellery | $31.6B | 8/190 |
| Machinery & equipment | $24.8B | 37/193 |
| Transport & tourism services | $22.1B | 30/188 |
| Wood & paper products | $16.8B | 6/192 |
| Chemicals & pharma | $15.4B | 31/193 |
| Processed food, beverages & tobacco | $13.1B | 21/192 |
| Raw agricultural goods | $12.1B | 18/193 |
Top 10 imports
|
Russia
|
Rank | |
|---|---|---|
| Machinery & equipment | $133B | 20/193 |
| Transport & tourism services | $49.4B | 15/188 |
| Chemicals & pharma | $44.7B | 18/193 |
| Textiles & consumer goods | $29.2B | 15/193 |
| Metals | $18.3B | 25/193 |
| Business & finance services | $16B | 29/188 |
| Miscellaneous | $15.2B | 8/193 |
| Raw materials & minerals | $14.5B | 42/193 |
| Processed food, beverages & tobacco | $14.2B | 16/193 |
| Raw agricultural goods | $12.2B | 16/193 |
Economic freedom indices
|
Russia
|
Rank | |
|---|---|---|
| Economic freedom | 50.3 | 161/197 |
| Property rights | 18.6 | 162/182 |
| Government integrity | 22.8 | 153/182 |
| Judicial effectiveness | 22.8 | 147/182 |
| Tax burden | 81.9 | 71/182 |
| Government spending | 61.3 | 121/180 |
| Fiscal health | 94.4 | 35/181 |
| Business freedom | 51.4 | 135/182 |
| Labor freedom | 59.1 | 63/182 |
| Monetary freedom | 61.8 | 153/180 |
| Trade freedom | 69.4 | 100/181 |
| Investment freedom | 30 | 154/181 |
| Financial freedom | 30 | 145/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 50.3 | 22.8 | 81.9 | 61.3 | 94.4 |
| 2025 | 51.6 | 28.4 | 87.7 | 62 | 97.8 |
| 2024 | 52 | 32.1 | 89.8 | 59.7 | 95.6 |
| 2023 | 53.8 | 28 | 88.3 | 60.4 | 99.1 |
| 2022 | 56.1 | 34.7 | 93.1 | 62.6 | 99.3 |
| 2021 | 61.5 | 42.4 | 93 | 66.1 | 99.6 |
| 2020 | 61 | 44.4 | 88.5 | 63.8 | 98.7 |
| 2019 | 58.9 | 45.1 | 89.4 | 62.3 | 86.6 |
| 2018 | 58.2 | 46.9 | 85.8 | 62.5 | 87.7 |
| 2017 | 57.1 | 44.5 | 81.8 | 61.5 | 93.4 |
| 2016 | 50.6 | - | 82.2 | 56.2 | - |
| 2015 | 52.1 | - | 86.1 | 57.8 | - |
| 2014 | 51.9 | - | 85.6 | 61.5 | - |
| 2013 | 51.1 | - | 86.9 | 54.4 | - |
| 2012 | 50.5 | - | 82.5 | 48.6 | - |
| 2011 | 50.5 | - | 82.7 | 65.1 | - |
| 2010 | 50.3 | - | 82.3 | 66.5 | - |
| 2009 | 50.8 | - | 78.9 | 70.6 | - |
| 2008 | 49.8 | - | 79.2 | 69.5 | - |
| 2007 | 52.2 | - | 79.5 | 69.5 | - |
| 2006 | 52.4 | - | 90.8 | 63.5 | - |
| 2005 | 51.3 | - | 91.5 | 58.9 | - |
| 2004 | 52.8 | - | 91.6 | 65.1 | - |
| 2003 | 50.8 | - | 90.6 | 64.5 | - |
| 2002 | 48.7 | - | 84.9 | 58.9 | - |
| 2001 | 49.8 | - | 74.7 | 73 | - |
| 2000 | 51.8 | - | 74.6 | 73 | - |
| 1999 | 54.5 | - | 74.3 | 65.3 | - |
| 1998 | 52.8 | - | 74.2 | 67.3 | - |
| 1997 | 48.6 | - | 77.7 | 58.5 | - |
| 1996 | 51.6 | - | 75.5 | 66.5 | - |
| 1995 | 51.1 | - | 75.5 | 67.1 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).
GeoRank.org/economy/russia | CC BY
Russia is ranked 143/174 for economic freedom with a score of 50.3, compared to 130/162 and a score of 52.4 in 2006.
Other economic metrics
|
Russia
|
Rank | |
|---|---|---|
| Services, % of GDP |
57.5%
2024 |
90/191 |
| Industry, % of GDP |
30.7%
2024 |
54/194 |
| Agriculture, forestry, and fishing, % of GDP |
2.74%
2024 |
135/193 |
|
GNI, Atlas method
|
$2.24T
2024 |
9/194 |
| GNI per capita, PPP |
$46,780
2024 |
47/191 |
| Total reserves including gold |
$597B
2023 |
6/177 |
|
Net foreign direct investment
|
$9.37B
2024 |
18/189 |
|
Net inflows of foreign direct investment
|
-$9.35B
2024 |
186/193 |
|
Net outflows of foreign direct investment
|
-$170M
2024 |
184/193 |
|
Servicing debt to the IMF, % of GNI
|
2.65%
2024 |
85/121 |
| Poverty at national poverty lines |
12.1%
2020 |
150/176 |
|
Gross capital formation, % of GDP
|
26.3%
2024 |
56/178 |
Compare Russia vs other countries
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/russia | CC BY
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Data sources:
- World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
- International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2021–2023, retrieved 2026-02-08)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.