Russia gdp

russia gdp

What is the GDP of Russia in USD?

Nominal (current) Gross Domestic Product (GDP) of Russia is $1,578,417,211,937 (USD) as of 2017. Real GDP (constant, inflation adjusted) of the Russian Federation reached $1,681,681,966,623 in 2017.

What is the economic condition of Russia?

It is the fifth-largest economy in Europe, the worlds eleventh-largest economy by nominal GDP, and the sixth-largest by PPP . Russias vast geography is an important determinant of its economic activity, with some sources estimating that the nation contains over 30% of the worlds natural resources.

How does Russia’s economy rank in the European Union?

Russia is ranked 42nd among 45 countries in the Europe region, and its overall score is below the regional and world averages. Russia’s economy is ranked moderately free for the second year in a row after more than a decade in the mostly unfree category.

Will Russia’s GDP increase in 2021?

In September 2021, Russian gross domestic product (GDP) was estimated to have increased by 3.4 percent. In March 2021, it has taken a positive value for the first time since March of the previous year. In April 2020, the country’s GDP fell by nearly 10 percent as a result of the crisis caused by the COVID-19 pandemic as well as the oil price crash.

What is the GDP of Russia?

GDP in Russia averaged 957.20 USD Billion from 1988 until 2019, reaching an all time high of 2292.50 USD Billion in 2013 and a record low of 195.90 USD Billion in 1999.

What was the GDP of Russia in 1999?

GDP in Russia averaged 972.41 USD Billion from 1988 until 2020, reaching an all time high of 2292.47 USD Billion in 2013 and a record low of 195.91 USD Billion in 1999.

What is the economic condition of Russia?

It is the fifth-largest economy in Europe, the worlds eleventh-largest economy by nominal GDP, and the sixth-largest by PPP . Russias vast geography is an important determinant of its economic activity, with some sources estimating that the nation contains over 30% of the worlds natural resources.

How much does Russia export from the world?

Exports in Russia is reported by the Central Bank of Russia. Historically, from 1994 until 2013, Russia Exports averaged 18668.83 USD million reaching an all-time high of 51338 USD million in December 2011 and a record low of 4087 USD million in January 1994.

How big is Russias economy compared to Western Europe?

The map above shows the size of the Russian Economy (GDP) relative to Western European countries at nominal exchange rates. On this basis the Russia economy is worth $1.4 trillion, making it the 12th largest in the world. Roughly equivalent to the GDPs of the Netherlands ($824 billion),...

Is Russia a high-income economy?

In 2013, Russia was labeled a high-income economy by the World Bank. Russian leaders repeatedly spoke of the need to diversify the economy away from its dependence on oil and gas and foster a high-technology sector. In 2012 oil, gas and petroleum products accounted for over 70% of total exports.

Is Russias economy on track to contract by more than 10%?

Russias economy is on track to contract by more than 10% in 2022, the biggest fall in gross domestic product since the years following the 1991 fall of the Soviet Union, former finance minister Alexei Kudrin said on Tuesday.

What is the economy of the European Union?

The economy of the European Union is the joint economy of the member countries of the European Union. It is the second largest economy in the world both in nominal terms (after the United States) and according to purchasing power parity or PPP (after China ).

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