Skip to content

Russia economy ranking: GDP & GDP per capita, debt

Updated on by Georank

Russia ranked 8/197 by economy size with a GDP of $2.56T and 68/197 by GDP per capita at $17,847. Russia has $440B in government debt, with a debt-to-GDP ratio of 17.2%.

In 2025, Russia made up 2.16% of the world's economy, compared to 2.83% in 1988.

Russia GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2025 $2,561,310,169,359 1%
2024 $2,186,462,268,813 4.92%
2023 $2,046,284,838,151 4.07%
2022 $2,292,495,097,681 -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 (1988–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia | CC BY

Russia GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2025 $17,847 -
2024 $15,219 $47,362
2023 $14,227 $44,269
2022 $15,894 $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 (1988–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia | CC BY

Russia has a GDP per capita of $17,847, ranking 68/197, a GDP per capita based on purchasing power parity (PPP) of $47,362, ranking 50/197, and a median annual after tax income of $11,183, ranking 69/197.

Russia GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2025 8 59 -
2024 10 66 45
2023 11 67 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 66 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 (1988–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia | CC BY

Compared with 2000, in 2025 Russia is ranked 8th out of 179 by GDP (up from 21st), 59th by GDP per capita (up from 97th), and 45th by GDP per capita PPP (up from 87th).

Economic indicators

Russia Rank
Gross domestic product
$2.56T
2025
8/197
GDP growth
1%
2024-2025
163/194
GDP per capita
$17,847
2025
68/197
GDP per capita, PPP
$47,362
2024
50/197
Government debt
$440B
2025
22/185
Debt-to-GDP ratio
17.2%
2025
175/185
Government debt per person
$3,068
2025
105/185
Average annual personal income after taxes
$11,183
2026
69/197
Listed domestic companies
194
2023
34/103
Market capitalization of domestic companies
$650B
2023
20/100
Number of millionaires
447,000
2026
18/40
Millionaire frequency
1 in 248
2026
30/40
Number of billionaires
147
2026
5/74
Billionaire frequency
1 in 754,643
2026
26/74
Income share by richest 10%
25.1%
2023
112/169
Income share by poorest 10%
3.1%
2023
56/169
Government expenditure, % of GDP
39.1%
2025
56/195
Consumer prices inflation
8.7%
2024-2025
28/195
Central bank interest rate
14.5%
2026
15/106
Unemployment rate
2.13%
2025
173/196
Population
142643173
9/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2025 39.1% 17.2% -3.9%
2024 36.7% 14.8% -1.59%
2023 36.1% 15.2% -2.24%
2022 35.1% 15.1% -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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08).

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 28 years, Russia recorded a fiscal deficit in 14 of them, with an average annual surplus equal to 0.06% of GDP. In 2025, government spending reached $1T (39.1% of GDP), with a deficit of 3.9%.

The national debt reached $440B, ranking 22nd out of 185 countries by total size, with a debt-to-GDP ratio of 17.2%, ranking 175th.

Inflation rate by year

1x
Year Inflation
2025 8.7%
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 (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia | CC BY

Over the past 20 years, Russia has had an average annual inflation rate of 7.99%. In 2025, inflation was 8.7%. The bar chart above shows consumer price inflation by year.

Balance of trade

Russia Rank
Current account balance
$43.1B
2025
14/190
Current account balance, % of GDP
+1.68%
2025
57/190
Goods imports
$305B
2025
23/189
Goods exports
$422B
2025
17/189
Service imports
$94.8B
2025
25/189
Service exports
$46.3B
2025
37/189
Imports of goods and services, % of GDP
15.5%
2025
175/182
Exports of goods and services, % of GDP
18.2%
2025
152/193

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 7.35% $33.1B $32.5B Raw materials & minerals Machinery & equipment
3 Netherlands $52.1B 5.84% $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 4.75% $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 $34.5B 3.86% $25.3B $9.22B 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 2/193
Miscellaneous $73.8B 3/192
Metals $50.8B 6/192
Precious metals & jewellery $31.6B 11/190
Machinery & equipment $24.8B 40/193
Transport & tourism services $21.7B 35/191
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 19/193

Top 10 imports

Russia Rank
Machinery & equipment $133B 22/193
Transport & tourism services $54.3B 17/191
Chemicals & pharma $44.7B 18/193
Textiles & consumer goods $29.2B 16/193
Metals $18.3B 25/193
Miscellaneous $15.2B 6/193
Raw materials & minerals $14.5B 42/193
Processed food, beverages & tobacco $14.2B 17/193
Raw agricultural goods $12.2B 15/193
Business & finance services $9.93B 37/189

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

1x
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 2026-07-08).

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
58.9%
2025
84/191
Industry, % of GDP
29.7%
2025
57/194
Agriculture, forestry, and fishing, % of GDP
3.06%
2025
129/193
GNI, Atlas method
$2.33T
2025
10/194
GNI per capita, PPP
$49,220
2025
45/191
Total reserves including gold
$608B
2024
6/177
Net foreign direct investment
-$12.4B
2025
181/189
Net inflows of foreign direct investment
-$9.35B
2024
186/193
Net outflows of foreign direct investment
-$170M
2024
183/193
Servicing debt to the IMF, % of GNI
2.63%
2024
85/121
Poverty at national poverty lines
7.2%
2024
161/176
Gross capital formation, % of GDP
25.9%
2025
62/179

Compare Russia vs other countries

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia | CC BY

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.