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Economy of Russia vs Uruguay compared: GDP & Debt

Updated on by Georank

Russia has a GDP of $2.56T compared to $85.3B for Uruguay, ranking 8/197 and 84/197 by economy size, respectively.

Russia has $440B in government debt (17.2% of GDP), compared to $56B (65.7% of GDP) in Uruguay.

Russia vs Uruguay GDP by year

Russia
Uruguay
1x
Year GDP, current $
Russia Uruguay
2025 $2,561,310,169,359 $85,347,696,278
2024 $2,186,462,268,813 $82,322,859,144
2023 $2,046,284,838,151 $79,208,725,900
2022 $2,292,495,097,681 $71,240,669,088
2021 $1,829,186,719,575 $60,739,061,281
2020 $1,493,075,894,362 $53,559,354,501
2019 $1,693,115,002,708 $62,222,324,965
2018 $1,657,328,773,461 $65,344,577,416
2017 $1,574,199,360,089 $65,006,039,810
2016 $1,276,786,350,881 $57,480,787,465
2015 $1,363,482,182,198 $57,680,327,999
2014 $2,059,241,589,895 $61,496,186,974
2013 $2,292,470,078,346 $61,337,621,934
2012 $2,208,293,553,878 $54,232,266,359
2011 $2,045,922,753,398 $50,342,406,067
2010 $1,524,916,715,224 $41,950,361,212
2009 $1,222,645,900,056 $32,708,319,078
2008 $1,660,848,058,303 $31,119,602,539
2007 $1,299,703,478,482 $23,797,773,024
2006 $989,932,071,353 $19,741,420,740
2005 $764,015,973,481 $17,362,857,684
2004 $591,016,690,732 $13,686,329,890
2003 $430,347,420,185 $12,045,638,352
2002 $345,470,494,418 $13,606,515,723
2001 $306,602,070,621 $20,898,761,742
2000 $259,710,142,197 $22,823,270,892
1999 $195,907,128,351 $23,983,945,191
1998 $270,955,486,862 $25,385,886,978
1997 $404,928,954,192 $23,969,739,234
1996 $391,724,890,744 $20,515,458,114
1995 $395,537,185,735 $19,297,663,097
1994 $395,077,301,248 $17,474,588,896
1993 $435,083,713,851 $15,002,136,971
1992 $460,290,556,901 $12,878,148,791
1991 $517,962,962,963 $11,206,176,651
1990 $517,014,446,228 $9,298,807,850
1989 $506,631,299,735 $8,438,951,476
1988 $554,828,660,436 $8,213,538,369
1987 - $7,367,494,080
1986 - $5,880,112,788
1985 - $4,732,017,873
1984 - $4,850,238,550
1983 - $5,102,276,308
1982 - $9,178,780,077
1981 - $11,048,301,421
1980 - $10,163,020,116
1979 - $7,181,182,224
1978 - $4,910,254,566
1977 - $4,114,670,014
1976 - $3,667,161,241
1975 - $3,538,278,047
1974 - $4,090,209,682
1973 - $3,964,296,443
1972 - $2,189,418,689
1971 - $2,807,258,065
1970 - $2,137,096,774
1969 - $2,004,435,484
1968 - $1,593,674,185
1967 - $1,597,713,469
1966 - $1,809,185,094
1965 - $1,890,767,156
1964 - $1,975,701,816
1963 - $1,539,681,491
1962 - $1,710,004,407
1961 - $1,547,388,781
1960 - $1,242,289,239

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

GeoRank.org/economy/russia/uruguay | CC BY

GDP per capita in Russia vs Uruguay by year

Russia
GDP per capita

GDP per capita, PPP
Uruguay
GDP per capita

GDP per capita, PPP
1x
Year Current $
Russia Uruguay
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $17,847 - $25,216 -
2024 $15,219 $47,362 $24,308 $36,418
2023 $14,227 $44,269 $23,379 $34,471
2022 $15,894 $40,939 $21,009 $33,001
2021 $12,637 $38,638 $17,882 $29,432
2020 $10,280 $31,491 $15,758 $25,725
2019 $11,640 $30,964 $18,316 $25,783
2018 $11,399 $28,629 $19,250 $24,386
2017 $10,835 $25,778 $19,185 $23,607
2016 $8,804 $24,012 $17,010 $22,841
2015 $9,427 $23,994 $17,126 $22,169
2014 $14,277 $25,688 $18,322 $21,868
2013 $15,941 $26,020 $18,335 $20,661
2012 $15,402 $24,274 $16,260 $19,495
2011 $14,305 $22,790 $15,132 $19,135
2010 $10,675 $20,490 $12,641 $17,873
2009 $8,563 $19,390 $9,881 $16,422
2008 $11,635 $20,164 $9,424 $15,694
2007 $9,101 $16,648 $7,222 $14,397
2006 $6,920 $14,912 $6,001 $13,179
2005 $5,323 $11,822 $5,284 $12,296
2004 $4,102 $10,227 $4,169 $11,103
2003 $2,975 $9,255 $3,671 $10,303
2002 $2,378 $8,037 $4,150 $10,030
2001 $2,100 $7,361 $6,383 $10,719
2000 $1,772 $6,825 $6,988 $10,929
1999 $1,331 $5,914 $7,371 $10,938
1998 $1,835 $5,465 $7,837 $11,002
1997 $2,738 $5,700 $7,436 $10,461
1996 $2,644 $5,518 $6,398 $9,524
1995 $2,666 $5,613 $6,050 $8,906
1994 $2,662 $5,734 $5,508 $8,897
1993 $2,931 $6,420 $4,753 $8,162
1992 $3,099 $6,862 $4,102 $7,808
1991 $3,490 $7,858 $3,589 $7,112
1990 $3,494 $8,028 $2,995 $6,683
1989 $3,430 - $2,734 -
1988 $3,778 - $2,677 -
1987 - - $2,416 -
1986 - - $1,939 -
1985 - - $1,568 -
1984 - - $1,615 -
1983 - - $1,707 -
1982 - - $3,085 -
1981 - - $3,728 -
1980 - - $3,443 -
1979 - - $2,443 -
1978 - - $1,678 -
1977 - - $1,414 -
1976 - - $1,268 -
1975 - - $1,232 -
1974 - - $1,433 -
1973 - - $1,397 -
1972 - - $776 -
1971 - - $1,000 -
1970 - - $766 -
1969 - - $723 -
1968 - - $579 -
1967 - - $585 -
1966 - - $668 -
1965 - - $705 -
1964 - - $745 -
1963 - - $587 -
1962 - - $659 -
1961 - - $604 -
1960 - - $491 -

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

GeoRank.org/economy/russia/uruguay | CC BY

Russia's GDP per capita is $17,847, ranking 68/197, compared to $25,216 in Uruguay, ranking 54/197. Adjusted for purchasing power (GDP per capita PPP), Russia ranks 50th at $47,362, while Uruguay ranks 61st at $36,418.

Economic indicators

Russia Uruguay
Gross domestic product
$2.56T
2025
$85.3B
2025
GDP rank
8/197
2025
84/197
2025
GDP growth
1%
2024-2025
1.78%
2024-2025
GDP per capita
$17,847
2025
$25,216
2025
GDP per capita rank
68/197
2025
54/197
2025
GDP per capita, PPP
$47,362
2024
$36,418
2024
GDP per capita PPP rank
50/197
2024
61/197
2024
Government debt
$440B
2025
$56B
2025
Debt-to-GDP ratio
17.2%
2025
65.7%
2025
Government debt per person
$3,068
2025
$16,559
2025
Government debt per person rank
105/185
2025
41/185
2025
Average annual personal income after taxes
$11,183
2026
$14,046
2026
Market capitalization of domestic companies
$650B
2023
$284M
1996
Number of millionaires
447,000
2026
n/a
Number of billionaires
147
2026
n/a
Income share by richest 10%
25.1%
2023
30%
2024
Income share by poorest 10%
3.1%
2023
2.2%
2024
Government expenditure, % of GDP
39.1%
2025
31.5%
2025
Consumer prices inflation
8.7%
2024-2025
4.65%
2024-2025
Central bank interest rate
14.5%
2026
5.75%
2026
Unemployment rate
2.13%
2025
8.21%
2024
Population
142643173
3382672

Spending and national debt comparison by year

Russia
Spending

Debt
Uruguay
Spending

Debt
1x
Year % of GDP
Russia Uruguay
Government spending Government debt Government spending Government debt
2025 39.1% 17.2% 31.5% 65.7%
2024 36.7% 14.8% 30.6% 67.6%
2023 36.1% 15.2% 30.1% 63%
2022 35.1% 15.1% 29.7% 59.4%
2021 34.9% 16.5% 30.2% 64.1%
2020 39.2% 19.2% 32.8% 68.2%
2019 33.8% 13.7% 30.6% 59.6%
2018 32.6% 13.6% 30.3% 57.9%
2017 34.8% 14.3% 29.7% 55.8%
2016 36.6% 14.8% 29.7% 56.4%
2015 35.3% 15.3% 28.4% 57.8%
2014 34.9% 15.1% 29.1% 51.1%
2013 34.7% 12.3% 28.8% 50%
2012 34% 11.2% 27.7% 49.8%
2011 33.3% 10.3% 26.3% 41.3%
2010 35.5% 10.1% 27.4% 40.9%
2009 38.6% 9.92% 27.2% 46.2%
2008 32% 7.45% 26.3% 46.2%
2007 31.9% 8.03% 26.8% 52.8%
2006 29% 9.8% 26.8% 61.1%
2005 29.5% 14.9% 26.3% 66.2%
2004 29.6% 20.8% 26.6% 73.7%
2003 32.6% 28.3% 27.7% 91.9%
2002 33.8% 37.6% 27.6% 90.1%
2001 31.5% 44.4% 27.8% 39.4%
2000 30.7% 55.9% 26.6% 30.5%
1999 34.3% 92.4% 27.2% 24.1%
1998 39.7% 135.2% 27.3% 19.4%
1997 - 51.5% 27.6% 18.8%
1996 - 51.9% 26.5% 18.3%
1995 - 53.7% 26.2% 18.5%
1994 - 63.5% 29.5% 19.3%
1993 - 92.4% 27.7% 20%
1992 - 116% 23.6% 22.2%
1991 - - 22.2% 20.4%
1990 - - 21.1% 26.2%
1989 - - 37% -
1988 - - 26% 34.8%
1987 - - 24.4% 37.3%
1986 - - 25.1% 34.6%
1985 - - 24.6% 29%
1984 - - 25.6% 39.5%
1983 - - 26.5% 21.2%
1982 - - 29.5% 13.5%
1981 - - 25% 4.32%
1980 - - 21.8% 4.59%
1979 - - 20.2% 3.98%
1978 - - 22.9% 5.64%
1977 - - 23.5% 7.26%
1976 - - 24.2% 8.67%
1975 - - 23% 8.13%
1974 - - 23.8% 7.61%
1973 - - 22.6% 7%
1972 - - 24.6% 9.12%
1971 - - 20.1% 9.3%
1970 - - 15.1% 6.11%
1969 - - 14.6% -
1968 - - 14.1% -
1967 - - 14.7% -
1966 - - 14.1% -
1965 - - 15.6% -
1964 - - 14.3% -
1963 - - 14.6% -
1962 - - 16% -
1961 - - 13% -
1960 - - 9.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1998, retrieved 2026-07-08).

GeoRank.org/economy/russia/uruguay | CC BY

In 2025, Russia's government spending was $1T, accounting for 39.1% of its GDP, while Uruguay spent $26.9B, or 31.5% of GDP.

Debt-to-GDP ratio is 17.2% in Russia and 65.7% in Uruguay, ranking 175/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Russia

Uruguay
1x
Year Deficit/surplus, % of GDP
Russia Uruguay
2025 -3.9% -3.36%
2024 -1.59% -3.16%
2023 -2.24% -3.09%
2022 -1.34% -2.5%
2021 0.78% -2.61%
2020 -3.99% -4.64%
2019 1.93% -2.71%
2018 2.92% -1.89%
2017 -1.47% -2.51%
2016 -3.67% -2.68%
2015 -3.39% -1.86%
2014 -1.07% -2.6%
2013 -1.16% -1.72%
2012 0.38% -2.17%
2011 1.43% -0.33%
2010 -3.19% -0.39%
2009 -5.89% -1.39%
2008 4.55% -1.31%
2007 5.59% -0.16%
2006 7.8% -0.64%
2005 7.6% -0.28%
2004 4.57% -0.87%
2003 1.35% -2.19%
2002 0.67% -3.19%
2001 2.99% -2.85%
2000 3.11% -2.76%
1999 -3.59% -2.76%
1998 -7.42% -0.76%
1997 - -0.97%
1996 - -1.32%
1995 - -1.08%
1994 - -2.37%
1993 - -0.47%
1992 - 0.6%
1991 - 0.88%
1990 - 0.49%
1989 - -13.1%
1988 - -1.47%
1987 - -0.66%
1986 - -0.34%
1985 - -1.88%
1984 - -4.94%
1983 - -3.54%
1982 - -8.22%
1981 - -1.15%
1980 - 0.43%
1979 - 0.99%
1978 - -0.47%
1977 - -0.69%
1976 - -2.01%
1975 - -4.38%
1974 - -3.74%
1973 - -1.09%
1972 - -2.25%
1971 - -5.86%
1970 - -1.33%
1969 - -2.37%
1968 - -2.93%
1967 - -4.12%
1966 - -2.01%
1965 - -5.14%
1964 - -3.61%
1963 - -4.4%
1962 - -5.02%
1961 - -0.86%
1960 - 0.79%
1959 - 0.64%
1958 - -1.38%
1957 - -0.72%
1956 - 0.04%
1955 - -1.24%
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) | Public Finances in Modern History (1885–1998, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1998–2025, retrieved 2026-07-08).

GeoRank.org/economy/russia/uruguay | 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 Uruguay's deficit of $2.86B, or 3.36% of GDP.

Over the past 28 years, Russia recorded a fiscal deficit in 14 of those years, while Uruguay ran a deficit in 28 years. On average, Russia posted an annual surplus equal to 0.06% of GDP, compared to deficit of 2.05% of GDP for Uruguay.

Inflation comparison by year

Inflation
Russia

Uruguay
1x
Year Consumer prices inflation
Russia Uruguay
2025 8.7% 4.65%
2024 8.4% 4.85%
2023 5.9% 5.87%
2022 13.7% 9.1%
2021 6.7% 7.75%
2020 3.4% 9.76%
2019 4.5% 7.88%
2018 2.9% 7.61%
2017 3.7% 6.22%
2016 7% 9.64%
2015 15.5% 8.67%
2014 7.8% 8.88%
2013 6.8% 8.58%
2012 5.1% 8.1%
2011 8.4% 8.09%
2010 6.8% 6.7%
2009 11.6% 7.06%
2008 14.1% 7.88%
2007 9% 8.11%
2006 9.7% 6.4%
2005 12.7% 4.7%
2004 10.9% 9.16%
2003 13.7% 19.4%
2002 15.8% 14%
2001 21.5% 4.36%
2000 20.8% 4.76%
1999 85.7% 5.66%
1998 27.7% 10.8%
1997 14.8% 19.8%

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/uruguay | CC BY

Over the past 29 years, Russia has recorded an average annual inflation rate of 13.2%, compared with 8.43% in Uruguay. In 2025, inflation was 8.7% in Russia and 4.65% in Uruguay.

Top exports between countries

Russia
Export category Export value
Raw materials & minerals $50.5M
Business & finance services $1.86M
Wood & paper products $1.42M
Raw agricultural goods $836K
Textiles & consumer goods $740K
Chemicals & pharma $462K
Transport & tourism services $461K
Manufacturing & construction services $400K
Machinery & equipment $394K
Processed food, beverages & tobacco $217K
Uruguay
Export category Export value
Animal & marine products $56.8M
Raw agricultural goods $6.08M
Chemicals & pharma $2.42M
Processed food, beverages & tobacco $2.03M
Wood & paper products $115K
Machinery & equipment $68K
Textiles & consumer goods $30K
Miscellaneous $1K

Balance of trade

Russia Uruguay
Current account balance
$43.1B
2025
-$374M
2025
Current account balance ranking
14/190
2025
100/190
2025
Current account balance, % of GDP
+1.68%
2025
-0.44%
2025
Goods imports
$305B
2025
$13.6B
2025
Goods exports
$422B
2025
$16.1B
2025
Service imports
$94.8B
2025
$5.96B
2025
Service exports
$46.3B
2025
$7.39B
2025
Imports of goods and services, % of GDP
15.5%
2025
22.6%
2025
Exports of goods and services, % of GDP
18.2%
2025
27.1%
2025

Economic freedom indices

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

Russia Uruguay
Economic freedom 50.3 69.8
Economic freedom ranking 161/197 39/197
Property rights 18.6 87.4
Government integrity 22.8 79
Judicial effectiveness 22.8 80.9
Tax burden 81.9 73.3
Government spending 61.3 72
Fiscal health 94.4 76.6
Business freedom 51.4 83.8
Labor freedom 59.1 61.7
Monetary freedom 61.8 70.2
Trade freedom 69.4 73.2
Investment freedom 30 50
Financial freedom 30 30

Economic freedom comparison by year

Russia
Uruguay
1x
Year Economic freedom index
Russia Uruguay
2026 50.3 69.8
2025 51.6 70.2
2024 52 69.8
2023 53.8 70.2
2022 56.1 70
2021 61.5 69.3
2020 61 69.1
2019 58.9 68.6
2018 58.2 69.2
2017 57.1 69.7
2016 50.6 68.8
2015 52.1 68.6
2014 51.9 69.3
2013 51.1 69.7
2012 50.5 69.9
2011 50.5 70
2010 50.3 69.8
2009 50.8 69.1
2008 49.8 67.9
2007 52.2 68.4
2006 52.4 65.3
2005 51.3 66.9
2004 52.8 66.7
2003 50.8 69.8
2002 48.7 68.7
2001 49.8 70.7
2000 51.8 69.3
1999 54.5 68.5
1998 52.8 68.6
1997 48.6 67.5
1996 51.6 63.7
1995 51.1 62.5

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

GeoRank.org/economy/russia/uruguay | CC BY

The Economic Freedom Index for Russia is 50.3, ranking 161/197, compared to 69.8 for Uruguay, ranking 39/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Russia Uruguay
Services, % of GDP
58.9%
2025
65.2%
2025
Industry, % of GDP
29.7%
2025
16.9%
2025
Agriculture, forestry, and fishing, % of GDP
3.06%
2025
6.38%
2025
GNI, Atlas method
$2.33T
2025
$81.3B
2025
GNI per capita, PPP
$49,220
2025
$36,330
2025
Total reserves including gold
$608B
2024
$19B
2025
Total reserves ranking
6/177
2024
67/177
2025
Net foreign direct investment
-$12.4B
2025
-$457M
2025
Net inflows of foreign direct investment
-$9.35B
2024
-$3.94B
2024
Net outflows of foreign direct investment
-$170M
2024
-$1.37B
2024
Servicing debt to the IMF, % of GNI
2.63%
2024
n/a
Poverty at national poverty lines
7.2%
2024
17.3%
2024
Gross capital formation, % of GDP
25.9%
2025
16.2%
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/uruguay | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1998, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1997–2025, 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 (2015–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.