Economy of Russia
Population: 144.48 M (2018)
GDP per Capita: 11,289 USD (2018)
1,658 B.

GDP USD

(2018)

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509,550 M.

EXPORTS USD

(2018)

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344,260 M.

IMPORTS USD

(2018)

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14.60 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.25 % (2018)
GDP of 2010 USD USD 1,722.20 B. (2018)
GDP Current USD USD 1,657.55 B. (2018)
GDP per Capita Current USD USD 11,289 (2018)
GDP per capita, PPP USD 24,791 (2017)
GDP per Capita, 2010 USD USD 11,729 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 17.38 % (2018)
Government Spending USD 288.01 B. (2018)
Government Debt % GDP 14.60 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 168.86 (2018)
Trade Openness 51.51 % (2018)
Exports of Goods and Services % GDP 30.74 % (2018)
Exports Goods & Services USD 509.55 B. (2018)
Exports Annual Growth 5.49 % (2018)
Imports as % GDP 20.77 % (2018)
Total Imports USD 344.26 B. (2018)
Foreign Direct Investment % GDP 0.53 % (2018)
Foreign Direct Investment USD 8.78 B. (2018)
Current Account Balance % GDP USD 6.84 % (2018)
Current Account Balance USD 113.45 B. (2018)
Trade Balance % GDP 9.97 % (2018)
Trade Balance USD 164.49 B. (2018)
Foreign Exchange Reserves incl Gold USD 468.65 B. (2018)
Remittances % GDP 0.52 % (2018)
Remittances USD 4,582 M. (2018)
Balance of Payments USD 2,371 M. (2018)

Labor Market

Indicator Value
Labor Force 72.74 M. (2019)
Unemployment Rate 4.55 % (2019)
Unemployment Rate Females 4.46 % (2019)
Unemployment Rate Males 4.70 % (2019)
Youth Unemployment (ages 15-24) 14.79 % (2019)
Labor Force Participation Rate 61.56 % (2019)
Labor Force (Percent Female) 48.57 % (2019)
Female Labor Force Participation Rate 54.51 % (2019)
Male Labor Force Participation Rate 70.03 % (2019)
Dependent People 48.34 % (2018)

Agriculture Sector

Indicator Value
Forest Area 49.80 % (2016)
Forest Area km² 8,148,895 km² (2016)
Agricultural Land 13.29 % (2016)
Agricultural Land km² 2,177,218 km² (2016)
Employment 5.77 % (2019)
Value added % GDP 3.15 % (2018)
Agriculture Value added USD 52.16 B. (2018)
Crop Production Index 160.60 (2016)
Precipitation 460 mm (2014)
Arable Land 8 % (2016)
Cereal Yield 2,964 kg/hectare (2017)
Food production index 147 (2016)
Rural Population 26 % (2018)
Fertilizer use of Arable Land 19 kg/hectare (2016)
Livestock Production Index 124 (2016)
Economy of Russia

According to the World Bank and its latest published data, the economy of the Russia presents a growth rate of 2.25 % (2018) to the previous year.

With a population that reaches 144.48 M (2018) and a gross domestic product of USD 1,657.55 B. (2018), it translates a Gross Domestic Product per Capita of USD 11,289 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

Russia also has a workforce of 72.74 M. (2019) with an unemployment rate of 4.55 % (2019), where women represent 4.46 % (2019) and men 4.70 % (2019), the unemployment rate for young people between 15-24 years old stood at 14.79 % (2019). The total number of dependent people stands at 48.34 % (2018).

The central government spent 17.38 % (2018) of its gross domestic product that year, which in absolute terms is USD 288.01 B. (2018). Its consolidated public debt reached 14.60 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Russia exported USD 509.55 B. (2018), which represents 30.74 % (2018) of its gross domestic product, in that same sense its imports reached USD 344.26 B. (2018) with a direct foreign investment of USD 8.78 B. (2018).

Russia has a forest area of 8,148,895 km² (2016), which represents 49.80 % (2016) of its total area, an average rainfall of 460 mm (2014) per year and a population of 26 % (2018) living in rural areas. With a total area of 2,177,218 km² (2016) available for agriculture and 5.77 % (2019) of its employments, the agricultural sector contributes to the economy of the Russia about USD 52.16 B. (2018) (3.15 % (2018) of its GDP).