Russia |
Gross domestic product, constant prices |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2023
Notes: Gross capital formation includes statistical discrepancy before 2010.For 2022 and 2023, estimates of exports and imports in the national accounts are staff’s, as the authorities only publish net exports. Staff’s estimates of exports and imports are so that the resulting net exports are consistent with the official data on net exports.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
Base year: 2021. The discrepancy in historical national account comes from source data which recently got rebased. In the new methodology they rebased all the components of GDP to 2021 prices.
Chain-weighted: Yes, from 1995
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
131745,795 |
128249,716 |
135773,769 |
134080,634 |
138973,637 |
144012,071 |
145951,940 |
2023 |
Russia |
Gross domestic product, constant prices |
Percent change |
Units |
See notes for:
Gross domestic product, constant prices (National currency).
|
2,198 |
-2,654 |
5,867 |
-1,247 |
3,649 |
3,625 |
1,347 |
2023 |
Russia |
Gross domestic product, current prices |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2023
Notes: Gross capital formation includes statistical discrepancy before 2010.For 2022 and 2023, estimates of exports and imports in the national accounts are staff’s, as the authorities only publish net exports. Staff’s estimates of exports and imports are so that the resulting net exports are consistent with the official data on net exports.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
Base year: 2021. The discrepancy in historical national account comes from source data which recently got rebased. In the new methodology they rebased all the components of GDP to 2021 prices.
Chain-weighted: Yes, from 1995
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
109608,306 |
107658,131 |
135773,769 |
155188,881 |
172148,312 |
196069,711 |
208064,532 |
2023 |
Russia |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
1695,724 |
1488,118 |
1843,130 |
2269,899 |
2009,959 |
2184,316 |
2195,708 |
2023 |
Russia |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
4579,554 |
4651,430 |
5732,444 |
6064,551 |
6512,069 |
6909,381 |
7129,670 |
2023 |
Russia |
Gross domestic product, deflator |
Index |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
83,197 |
83,944 |
100,000 |
115,743 |
123,871 |
136,148 |
142,557 |
2023 |
Russia |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
890776,166 |
868265,199 |
922263,371 |
913891,203 |
949928,824 |
985845,887 |
1002198,286 |
2023 |
Russia |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2021 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
37609,063 |
36658,638 |
38938,470 |
38584,993 |
40106,521 |
41622,960 |
42313,367 |
2023 |
Russia |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
741097,404 |
728857,821 |
922263,371 |
1057764,637 |
1176688,234 |
1342210,525 |
1428702,607 |
2023 |
Russia |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
11465,343 |
10074,726 |
12519,735 |
15471,593 |
13738,704 |
14952,904 |
15077,117 |
2023 |
Russia |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
30963,855 |
31490,712 |
38938,470 |
41335,869 |
44512,053 |
47298,706 |
48956,824 |
2023 |
Russia |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
Units |
See notes for:
Gross domestic product, current prices (National currency).
|
3,284 |
3,343 |
3,688 |
3,520 |
3,534 |
3,551 |
3,487 |
2023 |
Russia |
Implied PPP conversion rate |
National currency per current international dollar |
Units |
See notes for:
Gross domestic product, current prices (National currency).
|
23,934 |
23,145 |
23,685 |
25,590 |
26,435 |
28,377 |
29,183 |
2023 |
Russia |
Total investment |
Percent of GDP |
Units |
Source: National Statistics Office
Latest actual data: 2023
Notes: Gross capital formation includes statistical discrepancy before 2010.For 2022 and 2023, estimates of exports and imports in the national accounts are staff’s, as the authorities only publish net exports. Staff’s estimates of exports and imports are so that the resulting net exports are consistent with the official data on net exports.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
Base year: 2021. The discrepancy in historical national account comes from source data which recently got rebased. In the new methodology they rebased all the components of GDP to 2021 prices.
Chain-weighted: Yes, from 1995
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
22,662 |
23,456 |
22,709 |
22,793 |
25,698 |
25,009 |
25,580 |
2023 |
Russia |
Gross national savings |
Percent of GDP |
Units |
Source: National Statistics Office
Latest actual data: 2023
Notes: Gross capital formation includes statistical discrepancy before 2010.For 2022 and 2023, estimates of exports and imports in the national accounts are staff’s, as the authorities only publish net exports. Staff’s estimates of exports and imports are so that the resulting net exports are consistent with the official data on net exports.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
Base year: 2021. The discrepancy in historical national account comes from source data which recently got rebased. In the new methodology they rebased all the components of GDP to 2021 prices.
Chain-weighted: Yes, from 1995
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
26,533 |
25,833 |
29,489 |
33,266 |
28,192 |
27,665 |
28,160 |
2023 |
Russia |
Inflation, average consumer prices |
Index |
Units |
Source: National Statistics Office
Latest actual data: 2023
Notes: The currency basket used in the computation of the REER has changed from 2023 onwards due to the change in Russia's trading structure after the invasion of Ukraine. The REER data is therefore not comparable with data up to 2022.
Harmonized prices: No
Base year: 2015
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
119,284 |
123,318 |
131,573 |
149,664 |
158,434 |
170,888 |
180,995 |
2023 |
Russia |
Inflation, average consumer prices |
Percent change |
Units |
See notes for:
Inflation, average consumer prices (Index).
|
4,470 |
3,382 |
6,694 |
13,750 |
5,859 |
7,861 |
5,915 |
2023 |
Russia |
Inflation, end of period consumer prices |
Index |
Units |
Source: National Statistics Office
Latest actual data: 2023
Notes: The currency basket used in the computation of the REER has changed from 2023 onwards due to the change in Russia's trading structure after the invasion of Ukraine. The REER data is therefore not comparable with data up to 2022.
Harmonized prices: No
Base year: 2015
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
116,077 |
121,779 |
132,000 |
147,739 |
158,696 |
170,481 |
178,636 |
2023 |
Russia |
Inflation, end of period consumer prices |
Percent change |
Units |
See notes for:
Inflation, end of period consumer prices (Index).
|
3,046 |
4,912 |
8,393 |
11,923 |
7,417 |
7,426 |
4,783 |
2023 |
Russia |
Volume of imports of goods and services |
Percent change |
Units |
Source: Central Bank
Latest actual data: 2023
Base year: 2000
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Other
Chain-weighted: No
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
2,807 |
-11,823 |
16,640 |
-13,899 |
15,825 |
1,398 |
2,268 |
2023 |
Russia |
Volume of Imports of goods |
Percent change |
Units |
Source: Central Bank
Latest actual data: 2023
Base year: 2000
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Other
Chain-weighted: No
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
3,025 |
-3,325 |
17,125 |
-14,752 |
15,866 |
2,572 |
2,268 |
2023 |
Russia |
Volume of exports of goods and services |
Percent change |
Units |
Source: Central Bank
Latest actual data: 2023
Base year: 2000
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Other
Chain-weighted: No
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
-3,350 |
-4,395 |
0,557 |
-8,355 |
-13,788 |
4,812 |
6,010 |
2023 |
Russia |
Volume of exports of goods |
Percent change |
Units |
Source: Central Bank
Latest actual data: 2023
Base year: 2000
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Other
Chain-weighted: No
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
-3,000 |
-1,500 |
-1,750 |
-7,754 |
-12,950 |
4,254 |
5,716 |
2023 |
Russia |
Unemployment rate |
Percent of total labor force |
Units |
Source: National Statistics Office
Latest actual data: 2023
Employment type: Harmonized ILO definition
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
4,600 |
5,767 |
4,833 |
3,950 |
3,167 |
2,600 |
3,004 |
2023 |
Russia |
Population |
Persons |
Millions |
Source: National Statistics Office
Latest actual data: 2023
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
147,900 |
147,708 |
147,218 |
146,714 |
146,299 |
146,080 |
145,632 |
2023 |
Russia |
General government revenue |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2023
Fiscal assumptions: The fiscal rule was suspended in March 2022 by the government in response to the sanctions imposed after the invasion of Ukraine, allowing for windfall oil and gas revenues above benchmark to be used to finance a larger deficit in 2022 as well savings accumulated in the National Welfare Fund. The 2023-25 budget was based on a modified rule with a two-year transition period which set the benchmark oil and gas revenues fixed in rubles at RUB8 trillion, compared to a fixed benchmark oil price at US40pb under the 2019 fiscal rule. However, in late-September 2023, the Ministry of Finance proposed reverting to the earlier version of the fiscal rule from 2024 onward to determine price O&G revenues but sets the benchmark oil price at US$60pb. The new rule allows for higher oil and gas revenues to be spent, but it simultaneously targets a smaller primary structural deficit.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash is reported on a high frequency basis, accrual is reported on an annual basis with a significant lag.
General government includes: Central Government; State Government; Social Security Funds;
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity; Other Accounts Receivable/Payable
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
39110,301 |
37856,707 |
48118,423 |
53073,829 |
58973,513 |
69499,665 |
75872,064 |
2023 |
Russia |
General government revenue |
Percent of GDP |
Units |
See notes for:
General government revenue (National currency).
|
35,682 |
35,164 |
35,440 |
34,200 |
34,257 |
35,446 |
36,466 |
2023 |
Russia |
General government total expenditure |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2023
Fiscal assumptions: The fiscal rule was suspended in March 2022 by the government in response to the sanctions imposed after the invasion of Ukraine, allowing for windfall oil and gas revenues above benchmark to be used to finance a larger deficit in 2022 as well savings accumulated in the National Welfare Fund. The 2023-25 budget was based on a modified rule with a two-year transition period which set the benchmark oil and gas revenues fixed in rubles at RUB8 trillion, compared to a fixed benchmark oil price at US40pb under the 2019 fiscal rule. However, in late-September 2023, the Ministry of Finance proposed reverting to the earlier version of the fiscal rule from 2024 onward to determine price O&G revenues but sets the benchmark oil price at US$60pb. The new rule allows for higher oil and gas revenues to be spent, but it simultaneously targets a smaller primary structural deficit.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash is reported on a high frequency basis, accrual is reported on an annual basis with a significant lag.
General government includes: Central Government; State Government; Social Security Funds;
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity; Other Accounts Receivable/Payable
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
36995,283 |
42150,921 |
47072,611 |
55182,267 |
62883,585 |
73167,584 |
76955,220 |
2023 |
Russia |
General government total expenditure |
Percent of GDP |
Units |
See notes for:
General government total expenditure (National currency).
|
33,752 |
39,153 |
34,670 |
35,558 |
36,529 |
37,317 |
36,986 |
2023 |
Russia |
General government net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2023
Fiscal assumptions: The fiscal rule was suspended in March 2022 by the government in response to the sanctions imposed after the invasion of Ukraine, allowing for windfall oil and gas revenues above benchmark to be used to finance a larger deficit in 2022 as well savings accumulated in the National Welfare Fund. The 2023-25 budget was based on a modified rule with a two-year transition period which set the benchmark oil and gas revenues fixed in rubles at RUB8 trillion, compared to a fixed benchmark oil price at US40pb under the 2019 fiscal rule. However, in late-September 2023, the Ministry of Finance proposed reverting to the earlier version of the fiscal rule from 2024 onward to determine price O&G revenues but sets the benchmark oil price at US$60pb. The new rule allows for higher oil and gas revenues to be spent, but it simultaneously targets a smaller primary structural deficit.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash is reported on a high frequency basis, accrual is reported on an annual basis with a significant lag.
General government includes: Central Government; State Government; Social Security Funds;
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity; Other Accounts Receivable/Payable
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
2115,018 |
-4294,213 |
1045,812 |
-2108,438 |
-3910,072 |
-3667,919 |
-1083,156 |
2023 |
Russia |
General government net lending/borrowing |
Percent of GDP |
Units |
See notes for:
General government net lending/borrowing (National currency).
|
1,930 |
-3,989 |
0,770 |
-1,359 |
-2,271 |
-1,871 |
-0,521 |
2023 |
Russia |
General government structural balance |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2023
Fiscal assumptions: The fiscal rule was suspended in March 2022 by the government in response to the sanctions imposed after the invasion of Ukraine, allowing for windfall oil and gas revenues above benchmark to be used to finance a larger deficit in 2022 as well savings accumulated in the National Welfare Fund. The 2023-25 budget was based on a modified rule with a two-year transition period which set the benchmark oil and gas revenues fixed in rubles at RUB8 trillion, compared to a fixed benchmark oil price at US40pb under the 2019 fiscal rule. However, in late-September 2023, the Ministry of Finance proposed reverting to the earlier version of the fiscal rule from 2024 onward to determine price O&G revenues but sets the benchmark oil price at US$60pb. The new rule allows for higher oil and gas revenues to be spent, but it simultaneously targets a smaller primary structural deficit.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash is reported on a high frequency basis, accrual is reported on an annual basis with a significant lag.
General government includes: Central Government; State Government; Social Security Funds;
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity; Other Accounts Receivable/Payable
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
2183,827 |
-4791,674 |
671,969 |
-1944,263 |
-4211,381 |
-4604,246 |
-1605,402 |
2023 |
Russia |
General government structural balance |
Percent of potential GDP |
Units |
See notes for:
General government structural balance (National currency).
|
1,987 |
-4,362 |
0,497 |
-1,247 |
-2,463 |
-2,390 |
-0,778 |
2023 |
Russia |
General government primary net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2023
Fiscal assumptions: The fiscal rule was suspended in March 2022 by the government in response to the sanctions imposed after the invasion of Ukraine, allowing for windfall oil and gas revenues above benchmark to be used to finance a larger deficit in 2022 as well savings accumulated in the National Welfare Fund. The 2023-25 budget was based on a modified rule with a two-year transition period which set the benchmark oil and gas revenues fixed in rubles at RUB8 trillion, compared to a fixed benchmark oil price at US40pb under the 2019 fiscal rule. However, in late-September 2023, the Ministry of Finance proposed reverting to the earlier version of the fiscal rule from 2024 onward to determine price O&G revenues but sets the benchmark oil price at US$60pb. The new rule allows for higher oil and gas revenues to be spent, but it simultaneously targets a smaller primary structural deficit.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash is reported on a high frequency basis, accrual is reported on an annual basis with a significant lag.
General government includes: Central Government; State Government; Social Security Funds;
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity; Other Accounts Receivable/Payable
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
2411,081 |
-4032,459 |
1498,102 |
-1725,927 |
-3476,736 |
-3277,386 |
-521,902 |
2023 |
Russia |
General government primary net lending/borrowing |
Percent of GDP |
Units |
See notes for:
General government primary net lending/borrowing (National currency).
|
2,200 |
-3,746 |
1,103 |
-1,112 |
-2,020 |
-1,672 |
-0,251 |
2023 |
Russia |
General government gross debt |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2023
Fiscal assumptions: The fiscal rule was suspended in March 2022 by the government in response to the sanctions imposed after the invasion of Ukraine, allowing for windfall oil and gas revenues above benchmark to be used to finance a larger deficit in 2022 as well savings accumulated in the National Welfare Fund. The 2023-25 budget was based on a modified rule with a two-year transition period which set the benchmark oil and gas revenues fixed in rubles at RUB8 trillion, compared to a fixed benchmark oil price at US40pb under the 2019 fiscal rule. However, in late-September 2023, the Ministry of Finance proposed reverting to the earlier version of the fiscal rule from 2024 onward to determine price O&G revenues but sets the benchmark oil price at US$60pb. The new rule allows for higher oil and gas revenues to be spent, but it simultaneously targets a smaller primary structural deficit.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash is reported on a high frequency basis, accrual is reported on an annual basis with a significant lag.
General government includes: Central Government; State Government; Social Security Funds;
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity; Other Accounts Receivable/Payable
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
15068,422 |
20623,130 |
22262,826 |
28724,704 |
33647,936 |
38959,666 |
42470,767 |
2023 |
Russia |
General government gross debt |
Percent of GDP |
Units |
See notes for:
General government gross debt (National currency).
|
13,748 |
19,156 |
16,397 |
18,510 |
19,546 |
19,870 |
20,412 |
2023 |
Russia |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2023
Fiscal assumptions: The fiscal rule was suspended in March 2022 by the government in response to the sanctions imposed after the invasion of Ukraine, allowing for windfall oil and gas revenues above benchmark to be used to finance a larger deficit in 2022 as well savings accumulated in the National Welfare Fund. The 2023-25 budget was based on a modified rule with a two-year transition period which set the benchmark oil and gas revenues fixed in rubles at RUB8 trillion, compared to a fixed benchmark oil price at US40pb under the 2019 fiscal rule. However, in late-September 2023, the Ministry of Finance proposed reverting to the earlier version of the fiscal rule from 2024 onward to determine price O&G revenues but sets the benchmark oil price at US$60pb. The new rule allows for higher oil and gas revenues to be spent, but it simultaneously targets a smaller primary structural deficit.
Reporting in calendar year: Yes
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Cash is reported on a high frequency basis, accrual is reported on an annual basis with a significant lag.
General government includes: Central Government; State Government; Social Security Funds;
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity; Other Accounts Receivable/Payable
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
109608,306 |
107658,131 |
135773,769 |
155188,881 |
172148,312 |
196069,711 |
208064,532 |
2023 |
Russia |
Current account balance |
U.S. dollars |
Billions |
Source: Central Bank
Latest actual data: 2023
Notes: Reserves are as reported by the authorities. A portion of BoR assets are currently immobilized.
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: Russian ruble
Data last updated: 09/2024
|
65,650 |
35,373 |
124,953 |
237,735 |
50,133 |
58,015 |
56,647 |
2023 |
Russia |
Current account balance |
Percent of GDP |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
3,872 |
2,377 |
6,779 |
10,473 |
2,494 |
2,656 |
2,580 |
2023 |