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World Economic Outlook Database

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Country Subject Descriptor Subject Notes Units Scale Country/Series-specific Notes 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Russia Gross domestic product, constant prices Percent change Units n/a n/a n/a -8.700 -12.700 -4.100 -3.581 1.376 -5.319 6.347 10.054 5.082 4.746 7.356 7.145 6.397 8.165 8.550 5.247 -7.821 4.512 3.995 4.024 1.755 0.736 -1.973 0.194 1.827 2.806 2.198 -2.654 5.867 -1.247 3.649 3.625 1.347 1.200 1.200 1.200 1.200
Russia Gross domestic product, current prices National currency Billions n/a n/a 20.360 183.680 654.260 1,530.710 2,151.370 2,509.960 2,817.610 5,167.820 7,827.470 9,582.540 11,604.470 14,152.130 18,243.960 23,153.900 28,840.560 35,623.160 44,226.320 41,580.160 49,617.630 60,114.001 68,103.450 72,985.701 79,030.040 83,087.360 85,616.084 91,843.154 103,861.651 109,608.306 107,658.131 135,773.769 155,188.881 172,148.312 196,069.711 208,064.532 218,391.875 229,416.080 240,922.861 253,149.040
Russia Gross domestic product, current prices U.S. dollars Billions n/a n/a 71.603 196.227 293.768 335.777 412.685 433.704 287.672 209.657 278.264 328.475 370.062 461.518 633.294 817.717 1,060.901 1,393.416 1,779.109 1,307.927 1,633.111 2,046.621 2,191.486 2,288.428 2,048.837 1,356.703 1,280.648 1,575.140 1,653.005 1,695.724 1,488.118 1,843.130 2,269.899 2,009.959 2,184.316 2,195.708 2,249.265 2,304.560 2,366.771 2,413.167
Russia Gross domestic product, current prices Purchasing power parity; international dollars Billions n/a n/a 1,621.277 1,515.308 1,351.113 1,322.881 1,298.858 1,339.434 1,282.445 1,383.147 1,556.696 1,672.634 1,779.247 1,947.833 2,143.132 2,351.723 2,622.193 2,923.515 3,136.188 2,908.738 3,076.938 3,265.874 3,460.550 3,581.230 3,670.432 3,631.416 3,673.023 3,807.099 4,205.230 4,579.554 4,651.430 5,732.444 6,064.551 6,512.069 6,909.381 7,129.670 7,349.122 7,573.967 7,805.335 8,043.862
Russia Gross domestic product, deflator Index Units n/a n/a 0.024 0.236 0.964 2.352 3.428 3.945 4.677 8.067 11.102 12.934 14.954 16.987 20.438 24.379 28.074 31.945 37.683 38.434 43.883 51.124 55.678 58.641 63.033 67.603 69.525 73.244 80.568 83.197 83.944 100.000 115.743 123.871 136.148 142.557 147.858 153.480 159.267 165.365
Russia Gross domestic product per capita, current prices National currency Units n/a n/a 137.069 1,237.244 4,408.522 10,316.426 14,520.586 16,968.935 19,080.320 35,103.896 53,394.476 65,644.627 79,862.291 97,837.731 126,635.246 161,329.859 201,611.744 249,453.170 309,833.966 291,208.180 347,343.209 420,324.721 474,992.328 507,528.900 539,424.741 565,362.438 580,916.699 621,868.616 702,627.206 741,097.404 728,857.821 922,263.371 1,057,764.637 1,176,688.234 1,342,210.525 1,428,702.607 1,504,497.993 1,585,764.785 1,670,971.622 1,761,537.995
Russia Gross domestic product per capita, current prices U.S. dollars Units n/a n/a 482.052 1,321.756 1,979.465 2,263.016 2,785.404 2,932.113 1,948.059 1,424.156 1,898.155 2,250.201 2,546.779 3,190.609 4,395.830 5,697.621 7,416.297 9,757.472 12,463.807 9,160.112 11,432.428 14,310.233 15,284.673 15,913.302 13,984.474 9,231.599 8,689.368 10,665.247 11,182.629 11,465.343 10,074.726 12,519.735 15,471.593 13,738.704 14,952.904 15,077.117 15,495.147 15,929.529 16,415.241 16,792.024
Russia Gross domestic product per capita, current prices Purchasing power parity; international dollars Units n/a n/a 10,914.894 10,206.910 9,104.043 8,915.733 8,766.589 9,055.431 8,684.472 9,395.419 10,618.878 11,458.280 12,244.827 13,465.930 14,875.940 16,386.143 18,330.602 20,472.076 21,971.026 20,371.457 21,539.793 22,835.402 24,135.854 24,903.206 25,052.774 24,709.731 24,921.954 25,777.812 28,448.510 30,963.855 31,490.712 38,938.470 41,335.869 44,512.053 47,298.706 48,956.824 50,627.980 52,352.607 54,135.554 55,973.227
Russia Gross domestic product based on purchasing-power-parity (PPP) share of world total Percent Units n/a n/a 4.922 4.412 3.744 3.464 3.219 3.136 2.893 2.973 3.113 3.194 3.257 3.374 3.439 3.498 3.598 3.713 3.803 3.529 3.510 3.517 3.546 3.494 3.403 3.229 3.136 3.077 3.196 3.284 3.343 3.688 3.520 3.534 3.551 3.487 3.418 3.354 3.293 3.234
Russia Implied PPP conversion rate National currency per current international dollar Units n/a n/a 0.013 0.121 0.484 1.157 1.656 1.874 2.197 3.736 5.028 5.729 6.522 7.266 8.513 9.846 10.999 12.185 14.102 14.295 16.126 18.407 19.680 20.380 21.532 22.880 23.309 24.124 24.698 23.934 23.145 23.685 25.590 26.435 28.377 29.183 29.717 30.290 30.866 31.471
Russia Inflation, average consumer prices Percent change Units n/a n/a n/a 874.255 307.547 197.300 47.752 14.761 27.686 85.746 20.799 21.477 15.789 13.663 10.889 12.685 9.669 9.007 14.111 11.647 6.849 8.440 5.075 6.754 7.823 15.534 7.042 3.683 2.878 4.470 3.382 6.694 13.750 5.859 7.861 5.915 4.000 4.000 4.000 4.000
Russia Inflation, end of period consumer prices Percent change Units n/a n/a n/a 840.056 214.768 131.326 21.812 11.032 84.436 36.558 20.200 18.584 15.056 11.988 11.741 10.915 8.996 11.869 13.282 8.797 8.777 6.101 6.576 6.450 11.362 12.908 5.375 2.523 4.269 3.046 4.912 8.393 11.923 7.417 7.426 4.783 4.000 4.000 4.000 4.000
Russia Unemployment rate Percent of total labor force Units n/a n/a 5.200 5.900 8.100 8.300 9.258 10.808 11.875 13.033 10.558 8.942 8.042 8.233 7.733 7.150 7.050 6.025 6.233 8.242 7.358 6.508 5.450 5.500 5.158 5.575 5.525 5.200 4.800 4.600 5.767 4.833 3.950 3.167 2.600 3.004 3.627 4.045 4.363 4.681
Russia General government gross debt Percent of GDP Units n/a n/a n/a n/a n/a n/a n/a 51.519 135.193 92.379 55.868 44.438 37.577 28.334 20.828 14.851 9.804 8.033 7.446 9.918 10.105 10.340 11.167 12.348 15.136 15.286 14.849 14.311 13.620 13.748 19.156 16.397 18.510 19.546 19.870 20.412 21.425 22.534 23.655 25.115
Russia Gross domestic product corresponding to fiscal year, current prices National currency Billions 0.690 1.490 20.360 183.680 654.260 1,530.710 2,151.370 2,509.960 2,817.610 5,167.820 7,827.470 9,582.540 11,604.470 14,152.130 18,243.960 23,153.900 28,840.560 35,623.160 44,226.320 41,580.160 49,617.630 60,114.001 68,103.450 72,985.701 79,030.040 83,087.360 85,616.084 91,843.154 103,861.651 109,608.306 107,658.131 135,773.769 155,188.881 172,148.312 196,069.711 208,064.532 218,391.875 229,416.080 240,922.861 253,149.040
Country Subject Descriptor Units Scale Country/Series-specific Notes 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Estimates Start After
Russia Gross domestic product, constant prices Percent change Units See notes for: Gross domestic product, constant prices (National currency). n/a n/a n/a -8.700 -12.700 -4.100 -3.581 1.376 -5.319 6.347 10.054 5.082 4.746 7.356 7.145 6.397 8.165 8.550 5.247 -7.821 4.512 3.995 4.024 1.755 0.736 -1.973 0.194 1.827 2.806 2.198 -2.654 5.867 -1.247 3.649 3.625 1.347 1.200 1.200 1.200 1.200 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 n/a n/a 20.360 183.680 654.260 1,530.710 2,151.370 2,509.960 2,817.610 5,167.820 7,827.470 9,582.540 11,604.470 14,152.130 18,243.960 23,153.900 28,840.560 35,623.160 44,226.320 41,580.160 49,617.630 60,114.001 68,103.450 72,985.701 79,030.040 83,087.360 85,616.084 91,843.154 103,861.651 109,608.306 107,658.131 135,773.769 155,188.881 172,148.312 196,069.711 208,064.532 218,391.875 229,416.080 240,922.861 253,149.040 2023
Russia Gross domestic product, current prices U.S. dollars Billions See notes for: Gross domestic product, current prices (National currency). n/a n/a 71.603 196.227 293.768 335.777 412.685 433.704 287.672 209.657 278.264 328.475 370.062 461.518 633.294 817.717 1,060.901 1,393.416 1,779.109 1,307.927 1,633.111 2,046.621 2,191.486 2,288.428 2,048.837 1,356.703 1,280.648 1,575.140 1,653.005 1,695.724 1,488.118 1,843.130 2,269.899 2,009.959 2,184.316 2,195.708 2,249.265 2,304.560 2,366.771 2,413.167 2023
Russia Gross domestic product, current prices Purchasing power parity; international dollars Billions See notes for: Gross domestic product, current prices (National currency). n/a n/a 1,621.277 1,515.308 1,351.113 1,322.881 1,298.858 1,339.434 1,282.445 1,383.147 1,556.696 1,672.634 1,779.247 1,947.833 2,143.132 2,351.723 2,622.193 2,923.515 3,136.188 2,908.738 3,076.938 3,265.874 3,460.550 3,581.230 3,670.432 3,631.416 3,673.023 3,807.099 4,205.230 4,579.554 4,651.430 5,732.444 6,064.551 6,512.069 6,909.381 7,129.670 7,349.122 7,573.967 7,805.335 8,043.862 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). n/a n/a 0.024 0.236 0.964 2.352 3.428 3.945 4.677 8.067 11.102 12.934 14.954 16.987 20.438 24.379 28.074 31.945 37.683 38.434 43.883 51.124 55.678 58.641 63.033 67.603 69.525 73.244 80.568 83.197 83.944 100.000 115.743 123.871 136.148 142.557 147.858 153.480 159.267 165.365 2023
Russia Gross domestic product per capita, current prices National currency Units See notes for: Gross domestic product, current prices (National currency) Population (Persons). n/a n/a 137.069 1,237.244 4,408.522 10,316.426 14,520.586 16,968.935 19,080.320 35,103.896 53,394.476 65,644.627 79,862.291 97,837.731 126,635.246 161,329.859 201,611.744 249,453.170 309,833.966 291,208.180 347,343.209 420,324.721 474,992.328 507,528.900 539,424.741 565,362.438 580,916.699 621,868.616 702,627.206 741,097.404 728,857.821 922,263.371 1,057,764.637 1,176,688.234 1,342,210.525 1,428,702.607 1,504,497.993 1,585,764.785 1,670,971.622 1,761,537.995 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). n/a n/a 482.052 1,321.756 1,979.465 2,263.016 2,785.404 2,932.113 1,948.059 1,424.156 1,898.155 2,250.201 2,546.779 3,190.609 4,395.830 5,697.621 7,416.297 9,757.472 12,463.807 9,160.112 11,432.428 14,310.233 15,284.673 15,913.302 13,984.474 9,231.599 8,689.368 10,665.247 11,182.629 11,465.343 10,074.726 12,519.735 15,471.593 13,738.704 14,952.904 15,077.117 15,495.147 15,929.529 16,415.241 16,792.024 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). n/a n/a 10,914.894 10,206.910 9,104.043 8,915.733 8,766.589 9,055.431 8,684.472 9,395.419 10,618.878 11,458.280 12,244.827 13,465.930 14,875.940 16,386.143 18,330.602 20,472.076 21,971.026 20,371.457 21,539.793 22,835.402 24,135.854 24,903.206 25,052.774 24,709.731 24,921.954 25,777.812 28,448.510 30,963.855 31,490.712 38,938.470 41,335.869 44,512.053 47,298.706 48,956.824 50,627.980 52,352.607 54,135.554 55,973.227 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). n/a n/a 4.922 4.412 3.744 3.464 3.219 3.136 2.893 2.973 3.113 3.194 3.257 3.374 3.439 3.498 3.598 3.713 3.803 3.529 3.510 3.517 3.546 3.494 3.403 3.229 3.136 3.077 3.196 3.284 3.343 3.688 3.520 3.534 3.551 3.487 3.418 3.354 3.293 3.234 2023
Russia Implied PPP conversion rate National currency per current international dollar Units See notes for: Gross domestic product, current prices (National currency). n/a n/a 0.013 0.121 0.484 1.157 1.656 1.874 2.197 3.736 5.028 5.729 6.522 7.266 8.513 9.846 10.999 12.185 14.102 14.295 16.126 18.407 19.680 20.380 21.532 22.880 23.309 24.124 24.698 23.934 23.145 23.685 25.590 26.435 28.377 29.183 29.717 30.290 30.866 31.471 2023
Russia Inflation, average consumer prices Percent change Units See notes for: Inflation, average consumer prices (Index). n/a n/a n/a 874.255 307.547 197.300 47.752 14.761 27.686 85.746 20.799 21.477 15.789 13.663 10.889 12.685 9.669 9.007 14.111 11.647 6.849 8.440 5.075 6.754 7.823 15.534 7.042 3.683 2.878 4.470 3.382 6.694 13.750 5.859 7.861 5.915 4.000 4.000 4.000 4.000 2023
Russia Inflation, end of period consumer prices Percent change Units See notes for: Inflation, end of period consumer prices (Index). n/a n/a n/a 840.056 214.768 131.326 21.812 11.032 84.436 36.558 20.200 18.584 15.056 11.988 11.741 10.915 8.996 11.869 13.282 8.797 8.777 6.101 6.576 6.450 11.362 12.908 5.375 2.523 4.269 3.046 4.912 8.393 11.923 7.417 7.426 4.783 4.000 4.000 4.000 4.000 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 n/a n/a 5.200 5.900 8.100 8.300 9.258 10.808 11.875 13.033 10.558 8.942 8.042 8.233 7.733 7.150 7.050 6.025 6.233 8.242 7.358 6.508 5.450 5.500 5.158 5.575 5.525 5.200 4.800 4.600 5.767 4.833 3.950 3.167 2.600 3.004 3.627 4.045 4.363 4.681 2023
Russia General government gross debt Percent of GDP Units See notes for: General government gross debt (National currency). n/a n/a n/a n/a n/a n/a n/a 51.519 135.193 92.379 55.868 44.438 37.577 28.334 20.828 14.851 9.804 8.033 7.446 9.918 10.105 10.340 11.167 12.348 15.136 15.286 14.849 14.311 13.620 13.748 19.156 16.397 18.510 19.546 19.870 20.412 21.425 22.534 23.655 25.115 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 0.690 1.490 20.360 183.680 654.260 1,530.710 2,151.370 2,509.960 2,817.610 5,167.820 7,827.470 9,582.540 11,604.470 14,152.130 18,243.960 23,153.900 28,840.560 35,623.160 44,226.320 41,580.160 49,617.630 60,114.001 68,103.450 72,985.701 79,030.040 83,087.360 85,616.084 91,843.154 103,861.651 109,608.306 107,658.131 135,773.769 155,188.881 172,148.312 196,069.711 208,064.532 218,391.875 229,416.080 240,922.861 253,149.040 2023
International Monetary Fund, World Economic Outlook Database October 2024
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