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Economy of Russia vs Saudi Arabia compared: GDP & Debt

Updated on by Georank

Russia has a GDP of $2.56T compared to $1.28T for Saudi Arabia, ranking 8/197 and 19/197 by economy size, respectively.

Russia has $440B in government debt (17.2% of GDP), compared to $405B (31.7% of GDP) in Saudi Arabia.

Russia vs Saudi Arabia GDP by year

Russia
Saudi Arabia
1x
Year GDP, current $
Russia Saudi Arabia
2025 $2,561,310,169,359 $1,276,942,933,333
2024 $2,186,462,268,813 $1,254,140,800,000
2023 $2,046,284,838,151 $1,218,584,800,000
2022 $2,292,495,097,681 $1,239,075,200,000
2021 $1,829,186,719,575 $982,661,066,667
2020 $1,493,075,894,362 $767,951,200,000
2019 $1,693,115,002,708 $888,890,133,333
2018 $1,657,328,773,461 $886,564,800,000
2017 $1,574,199,360,089 $741,266,133,333
2016 $1,276,786,350,881 $689,279,466,667
2015 $1,363,482,182,198 $693,414,400,000
2014 $2,059,241,589,895 $787,153,066,667
2013 $2,292,470,078,346 $769,755,733,333
2012 $2,208,293,553,878 $751,921,333,333
2011 $2,045,922,753,398 $680,660,800,000
2010 $1,524,916,715,224 $528,207,466,667
2009 $1,222,645,900,056 $429,097,866,667
2008 $1,660,848,058,303 $519,796,800,000
2007 $1,299,703,478,482 $415,964,509,673
2006 $989,932,071,353 $376,900,133,511
2005 $764,015,973,481 $328,459,608,764
2004 $591,016,690,732 $258,742,133,333
2003 $430,347,420,185 $215,807,733,333
2002 $345,470,494,418 $189,605,866,667
2001 $306,602,070,621 $184,137,600,000
2000 $259,710,142,197 $189,514,933,333
1999 $195,907,128,351 $161,717,066,667
1998 $270,955,486,862 $146,775,466,667
1997 $404,928,954,192 $165,963,684,913
1996 $391,724,890,744 $158,662,483,311
1995 $395,537,185,735 $143,343,124,166
1994 $395,077,301,248 $135,174,899,866
1993 $435,083,713,851 $132,967,957,276
1992 $460,290,556,901 $137,087,850,467
1991 $517,962,962,963 $132,223,230,975
1990 $517,014,446,228 $117,630,173,565
1989 $506,631,299,735 $95,344,459,279
1988 $554,828,660,436 $88,256,074,766
1987 - $85,695,861,148
1986 - $86,961,922,765
1985 - $103,897,846,494
1984 - $119,624,858,116
1983 - $129,171,635,311
1982 - $153,240,313,858
1981 - $184,291,360,139
1980 - $164,539,660,725
1979 - $111,858,444,786
1978 - $80,266,516,687
1977 - $74,188,986,586
1976 - $64,005,665,722
1975 - $46,773,208,643
1974 - $45,412,957,746
1973 - $14,947,435,499
1972 - $9,664,267,087
1971 - $7,184,806,909
1970 - $5,377,333,333
1969 - $4,485,777,644
1968 - $4,187,777,711
1967 - $3,257,022,223
1966 - $2,920,555,557
1965 - $2,647,955,558
1964 - $2,371,808,713
1963 - $2,207,393,172
1962 - $2,130,606,532
1961 - $1,920,811,284
1960 - $1,748,124,064

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia/saudi-arabia | CC BY

GDP per capita in Russia vs Saudi Arabia by year

Russia
GDP per capita

GDP per capita, PPP
Saudi Arabia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Russia Saudi Arabia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $17,847 - $34,537 -
2024 $15,219 $47,362 $35,528 $71,375
2023 $14,227 $44,269 $36,157 $71,565
2022 $15,894 $40,939 $38,510 $71,968
2021 $12,637 $38,638 $31,921 $62,690
2020 $10,280 $31,491 $24,339 $47,518
2019 $11,640 $30,964 $29,567 $59,560
2018 $11,399 $28,629 $29,360 $59,378
2017 $10,835 $25,778 $23,929 $53,120
2016 $8,804 $24,012 $22,268 $49,937
2015 $9,427 $23,994 $23,256 $53,931
2014 $14,277 $25,688 $27,805 $62,578
2013 $15,941 $26,020 $27,865 $62,203
2012 $15,402 $24,274 $28,733 $65,034
2011 $14,305 $22,790 $27,127 $64,125
2010 $10,675 $20,490 $22,028 $58,829
2009 $8,563 $19,390 $17,718 $54,787
2008 $11,635 $20,164 $22,320 $57,236
2007 $9,101 $16,648 $18,596 $55,030
2006 $6,920 $14,912 $17,564 $54,639
2005 $5,323 $11,822 $15,976 $53,548
2004 $4,102 $10,227 $13,154 $51,225
2003 $2,975 $9,255 $11,487 $48,078
2002 $2,378 $8,037 $10,586 $45,466
2001 $2,100 $7,361 $10,805 $47,381
2000 $1,772 $6,825 $11,715 $48,644
1999 $1,331 $5,914 $10,452 $47,495
1998 $1,835 $5,465 $9,836 $48,867
1997 $2,738 $5,700 $11,545 $48,796
1996 $2,644 $5,518 $11,472 $48,569
1995 $2,666 $5,613 $10,786 $48,052
1994 $2,662 $5,734 $10,602 $48,904
1993 $2,931 $6,420 $10,885 $49,503
1992 $3,099 $6,862 $11,730 $50,355
1991 $3,490 $7,858 $11,847 $49,295
1990 $3,494 $8,028 $11,055 $46,214
1989 $3,430 - $9,414 -
1988 $3,778 - $9,165 -
1987 - - $9,386 -
1986 - - $10,078 -
1985 - - $12,745 -
1984 - - $15,541 -
1983 - - $17,810 -
1982 - - $22,454 -
1981 - - $28,703 -
1980 - - $27,206 -
1979 - - $19,612 -
1978 - - $14,914 -
1977 - - $14,595 -
1976 - - $13,313 -
1975 - - $10,266 -
1974 - - $10,503 -
1973 - - $3,640 -
1972 - - $2,474 -
1971 - - $1,929 -
1970 - - $1,509 -
1969 - - $1,313 -
1968 - - $1,276 -
1967 - - $1,032 -
1966 - - $961 -
1965 - - $904 -
1964 - - $840 -
1963 - - $812 -
1962 - - $813 -
1961 - - $760 -
1960 - - $718 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia/saudi-arabia | CC BY

Russia's GDP per capita is $17,847, ranking 68/197, compared to $34,537 in Saudi Arabia, ranking 36/197. Adjusted for purchasing power (GDP per capita PPP), Russia ranks 50th at $47,362, while Saudi Arabia ranks 24th at $71,375.

Economic indicators

Russia Saudi Arabia
Gross domestic product
$2.56T
2025
$1.28T
2025
GDP rank
8/197
2025
19/197
2025
GDP growth
1%
2024-2025
4.5%
2024-2025
GDP per capita
$17,847
2025
$34,537
2025
GDP per capita rank
68/197
2025
36/197
2025
GDP per capita, PPP
$47,362
2024
$71,375
2024
GDP per capita PPP rank
50/197
2024
24/197
2024
Government debt
$440B
2025
$405B
2025
Debt-to-GDP ratio
17.2%
2025
31.7%
2025
Government debt per person
$3,068
2025
$10,956
2025
Government debt per person rank
105/185
2025
57/185
2025
Average annual personal income after taxes
$11,183
2026
$22,010
2026
Market capitalization of domestic companies
$650B
2023
$2.36T
2025
Number of millionaires
447,000
2026
348,000
2026
Number of billionaires
147
2026
15
2026
Income share by richest 10%
25.1%
2023
n/a
Income share by poorest 10%
3.1%
2023
n/a
Government expenditure, % of GDP
39.1%
2025
29%
2025
Consumer prices inflation
8.7%
2024-2025
2.08%
2024-2025
Central bank interest rate
14.5%
2026
4.25%
2025
Unemployment rate
2.13%
2025
3.24%
2025
Population
142643173
37955120

Spending and national debt comparison by year

Russia
Spending

Debt
Saudi Arabia
Spending

Debt
1x
Year % of GDP
Russia Saudi Arabia
Government spending Government debt Government spending Government debt
2025 39.1% 17.2% 29% 31.7%
2024 36.7% 14.8% 29.2% 25.9%
2023 36.1% 15.2% 28.3% 23%
2022 35.1% 15.1% 25.3% 21.3%
2021 34.9% 16.5% 28.2% 25.5%
2020 39.2% 19.2% 37.4% 29.7%
2019 33.8% 13.7% 31.8% 20.3%
2018 32.6% 13.6% 32.4% 16.8%
2017 34.8% 14.3% 30.9% 15.9%
2016 36.6% 14.8% 33.3% 12.2%
2015 35.3% 15.3% 38.5% 5.47%
2014 34.9% 15.1% 38.6% 1.5%
2013 34.7% 12.3% 34.5% 2.08%
2012 34% 11.2% 32.5% 2.97%
2011 33.3% 10.3% 32.4% 5.31%
2010 35.5% 10.1% 33% 8.43%
2009 38.6% 9.92% 37.1% 14%
2008 32% 7.45% 26.7% 12.1%
2007 31.9% 8.03% 29.5% 17.1%
2006 29% 9.8% 27.3% 25.8%
2005 29.5% 14.9% 28.2% 37.3%
2004 29.6% 20.8% 31.1% 62.9%
2003 32.6% 28.3% 33.1% 81.6%
2002 33.8% 37.6% 35.9% 96.4%
2001 31.5% 44.4% 36.9% 93.1%
2000 30.7% 55.9% 33.1% 86.7%
1999 34.3% 92.4% 30.3% 103%
1998 39.7% 135.2% 34.5% 101.5%
1997 - 51.5% 35.6% 76.7%
1996 - 51.9% 33.3% 75.2%
1995 - 53.7% 32.4% 74.2%
1994 - 63.5% 33.8% 67.9%
1993 - 92.4% 37.7% 58.6%
1992 - 116% 41.2% 47.8%
1991 - - 34.9% 39.4%
1990 - - 39.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-07-08).

GeoRank.org/economy/russia/saudi-arabia | CC BY

In 2025, Russia's government spending was $1T, accounting for 39.1% of its GDP, while Saudi Arabia spent $370B, or 29% of GDP.

Debt-to-GDP ratio is 17.2% in Russia and 31.7% in Saudi Arabia, ranking 175/185 and 151/185, respectively.

Government deficit by year

Deficit/surplus
Russia

Saudi Arabia
1x
Year Deficit/surplus, % of GDP
Russia Saudi Arabia
2025 -3.9% -5.77%
2024 -1.59% -2.46%
2023 -2.24% -1.77%
2022 -1.34% 2.24%
2021 0.78% -1.99%
2020 -3.99% -10.2%
2019 1.93% -3.96%
2018 2.92% -5.21%
2017 -1.47% -8.57%
2016 -3.67% -13.2%
2015 -3.39% -14.9%
2014 -1.07% -3.4%
2013 -1.16% 5.47%
2012 0.38% 11.7%
2011 1.43% 11.4%
2010 -3.19% 4.39%
2009 -5.89% -5.38%
2008 4.55% 29.8%
2007 5.59% 11.8%
2006 7.8% 20.8%
2005 7.6% 18%
2004 4.57% 9.72%
2003 1.35% 1.2%
2002 0.67% -5.91%
2001 2.99% -3.91%
2000 3.11% 3.18%
1999 -3.59% -5.99%
1998 -7.42% -8.88%
1997 - -2.51%
1996 - -3.25%
1995 - -5.12%
1994 - -8.31%
1993 - -9.33%
1992 - -8.12%
1991 - -3.28%
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 0.15% -
1939 0.12% -
1938 0.16% -
1937 0.12% -
1936 0.1% -
1935 0.07% -
1934 0.25% -
1933 0.58% -
1932 0.06% -
1931 -1.12% -
1930 -1.62% -
1929 -0.4% -
1928 -0.4% -
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 0.69% -
1911 1.26% -
1910 1.52% -
1909 -0.15% -
1908 -0.83% -
1907 -0.86% -
1906 -3.19% -
1905 -7.72% -
1904 -5.13% -
1903 1.04% -
1902 -1.57% -
1901 0.14% -
1900 -0.36% -
1899 0.66% -
1898 0.03% -
1897 0.34% -
1896 1.3% -
1895 0.7% -
1894 1.43% -
1893 0.63% -
1892 -1.16% -
1891 -0.97% -
1890 0.01% -
1889 1.34% -
1888 0.88% -
1887 0.14% -
1886 -0.84% -
1885 -0.75% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-07-08).

GeoRank.org/economy/russia/saudi-arabia | CC BY

In 2025, Russia's government deficit, the difference between spending and revenue, was $100B, equivalent to 3.9% of GDP. This compares to Saudi Arabia's deficit of $73.7B, or 5.77% of GDP.

Over the past 28 years, Russia recorded a fiscal deficit in 14 of those years, while Saudi Arabia ran a deficit in 16 years. On average, Russia posted an annual surplus equal to 0.06% of GDP, compared to surplus of 1% of GDP for Saudi Arabia.

Inflation comparison by year

Inflation
Russia

Saudi Arabia
1x
Year Consumer prices inflation
Russia Saudi Arabia
2025 8.7% 2.08%
2024 8.4% 1.69%
2023 5.9% 2.33%
2022 13.7% 2.47%
2021 6.7% 3.06%
2020 3.4% 3.37%
2019 4.5% -1.19%
2018 2.9% 2.47%
2017 3.7% -0.83%
2016 7% 2.05%
2015 15.5% 1.22%
2014 7.8% 2.24%
2013 6.8% 3.51%
2012 5.1% 2.87%
2011 8.4% 5.83%
2010 6.8% 5.34%
2009 11.6% 5.06%
2008 14.1% 9.87%
2007 9% 4.17%
2006 9.7% 2.21%
2005 12.7% 0.48%
2004 10.9% 0.52%
2003 13.7% 0.61%
2002 15.8% 0.25%
2001 21.5% -1.12%
2000 20.8% -1.12%
1999 85.7% -1.33%
1998 27.7% -0.37%
1997 14.8% 0.06%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia/saudi-arabia | CC BY

Over the past 29 years, Russia has recorded an average annual inflation rate of 13.2%, compared with 1.99% in Saudi Arabia. In 2025, inflation was 8.7% in Russia and 2.08% in Saudi Arabia.

Top exports between countries

Russia
Export category Export value
Raw materials & minerals $917M
Raw agricultural goods $459M
Metals $181M
Processed food, beverages & tobacco $118M
Animal & marine products $106M
Chemicals & pharma $53M
Wood & paper products $43.5M
Machinery & equipment $26M
Business & finance services $24.9M
IT & IP services $12.1M
Saudi Arabia
Export category Export value
Animal & marine products $28.1M
Chemicals & pharma $22.7M
Processed food, beverages & tobacco $8.45M
Raw materials & minerals $5.13M
Raw agricultural goods $4.33M
Machinery & equipment $2.36M
Textiles & consumer goods $1.82M
Metals $878K
Wood & paper products $781K
Precious metals & jewellery $320K

Balance of trade

Russia Saudi Arabia
Current account balance
$43.1B
2025
-$32.7B
2025
Current account balance ranking
14/190
2025
185/190
2025
Current account balance, % of GDP
+1.68%
2025
-2.56%
2025
Goods imports
$305B
2025
$230B
2025
Goods exports
$422B
2025
$311B
2025
Service imports
$94.8B
2025
$129B
2025
Service exports
$46.3B
2025
$69.4B
2025
Imports of goods and services, % of GDP
15.5%
2025
28.2%
2025
Exports of goods and services, % of GDP
18.2%
2025
29.7%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Russia Saudi Arabia
Economic freedom 50.3 65.4
Economic freedom ranking 161/197 65/197
Property rights 18.6 51.4
Government integrity 22.8 52.7
Judicial effectiveness 22.8 38.2
Tax burden 81.9 99.2
Government spending 61.3 77
Fiscal health 94.4 97.9
Business freedom 51.4 71.2
Labor freedom 59.1 41.8
Monetary freedom 61.8 81.2
Trade freedom 69.4 73.8
Investment freedom 30 50
Financial freedom 30 50

Economic freedom comparison by year

Russia
Saudi Arabia
1x
Year Economic freedom index
Russia Saudi Arabia
2026 50.3 65.4
2025 51.6 64.4
2024 52 61.9
2023 53.8 58.3
2022 56.1 55.5
2021 61.5 66
2020 61 62.4
2019 58.9 60.7
2018 58.2 59.6
2017 57.1 64.4
2016 50.6 62.1
2015 52.1 62.1
2014 51.9 62.2
2013 51.1 60.6
2012 50.5 62.5
2011 50.5 66.2
2010 50.3 64.1
2009 50.8 64.3
2008 49.8 62.5
2007 52.2 60.9
2006 52.4 63
2005 51.3 63
2004 52.8 60.4
2003 50.8 63.2
2002 48.7 65.3
2001 49.8 62.2
2000 51.8 66.5
1999 54.5 65.5
1998 52.8 69.3
1997 48.6 68.7
1996 51.6 68.3
1995 51.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/russia/saudi-arabia | CC BY

The Economic Freedom Index for Russia is 50.3, ranking 161/197, compared to 65.4 for Saudi Arabia, ranking 65/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Russia Saudi Arabia
Services, % of GDP
58.9%
2025
48.9%
2025
Industry, % of GDP
29.7%
2025
43%
2025
Agriculture, forestry, and fishing, % of GDP
3.06%
2025
2.59%
2025
GNI, Atlas method
$2.33T
2025
$1.33T
2025
GNI per capita, PPP
$49,220
2025
$74,400
2025
Total reserves including gold
$608B
2024
$505B
2025
Total reserves ranking
6/177
2024
8/177
2025
Net foreign direct investment
-$12.4B
2025
-$5.6B
2025
Net inflows of foreign direct investment
-$9.35B
2024
$21.3B
2024
Net outflows of foreign direct investment
-$170M
2024
$27.6B
2024
Servicing debt to the IMF, % of GNI
2.63%
2024
n/a
Poverty at national poverty lines
7.2%
2024
n/a
Gross capital formation, % of GDP
25.9%
2025
31.6%
2025

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/saudi-arabia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, 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.