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Russia

Rossiyskaya Federatsiya

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated

revenues

$704.613 billion (2023 est.)

expenditures

$635.809 billion (2023 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2022

$640.878 billion (2022 est.)

Exports 2023

$465.22 billion (2023 est.)

Exports 2024

$475.277 billion (2024 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2022

$347.384 billion (2022 est.)

Imports 2023

$379.659 billion (2023 est.)

Imports 2024

$381.45 billion (2024 est.)

Industries

complete range of mining and extractive industries producing coal, oil, gas, chemicals, and metals; all forms of machine building from rolling mills to high-performance aircraft and space vehicles; defense industries (including radar, missile production, advanced electronic components), shipbuilding; road and rail transportation equipment; communications equipment; agricultural machinery, tractors, and construction equipment; electric power generating and transmitting equipment; medical and scientific instruments; consumer durables, textiles, foodstuffs, handicrafts

Labor force

72.517 million (2024 est.)

note: number of people ages 15 or older who are employed or seeking work

Public debt

note

note: central government debt as a % of GDP

Public debt 2023

18.5% of GDP (2023 est.)

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2022

0.1% of GDP (2022 est.)

Remittances 2023

0.1% of GDP (2023 est.)

Remittances 2024

0.1% of GDP (2024 est.)

Exchange rates

Currency

Russian rubles (RUB) per US dollar -

Exchange rates 2019

64.738 (2019 est.)

Exchange rates 2020

72.105 (2020 est.)

Exchange rates 2021

73.654 (2021 est.)

Exchange rates 2022

68.485 (2022 est.)

Exchange rates 2023

85.162 (2023 est.)

Debt - external

note

note: present value of external debt in current US dollars

Debt - external 2022

$135.301 billion (2022 est.)

Economic overview

natural resource-rich Eurasian economy; leading energy exporter to Europe and Asia; decreased oil export reliance; endemic corruption, Ukrainian invasion, and lack of green infrastructure limit investment and have led to sanctions

Unemployment rate

note

note: % of labor force seeking employment

Unemployment rate 2022

3.9% (2022 est.)

Unemployment rate 2023

3.1% (2023 est.)

Unemployment rate 2024

2.6% (2024 est.)

Exports - partners

China 33%, India 17%, Turkey 8%, Kazakhstan 4%, Brazil 3% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

China 53%, Turkey 5%, Germany 5%, Kazakhstan 5%, Italy 2% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2022

$38,200 (2022 est.)

Real GDP per capita 2023

$39,900 (2023 est.)

Real GDP per capita 2024

$41,700 (2024 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2022

-1.4% (2022 est.)

Real GDP growth rate 2023

4.1% (2023 est.)

Real GDP growth rate 2024

4.3% (2024 est.)

Agricultural products

wheat, sugar beets, milk, barley, potatoes, sunflower seeds, maize, soybeans, chicken, pork (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

crude petroleum, refined petroleum, natural gas, coal, fertilizers (2023)

note: top five export commodities based on value in dollars

Imports - commodities

cars, packaged medicine, broadcasting equipment, garments, plastic products (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2022

$237.735 billion (2022 est.)

Current account balance 2023

$49.439 billion (2023 est.)

Current account balance 2024

$62.287 billion (2024 est.)

Taxes and other revenues

12.1% (of GDP) (2023 est.)

note: central government tax revenue as a % of GDP

GDP (official exchange rate)

$2.174 trillion (2024 est.)

note: data in current dollars at official exchange rate

GDP - composition, by end use

note

note: figures may not total 100% due to rounding or gaps in data collection

household consumption

49.4% (2024 est.)

government consumption

18.6% (2024 est.)

investment in inventories

4.2% (2024 est.)

investment in fixed capital

22.1% (2024 est.)

exports of goods and services

21.9% (2024 est.)

imports of goods and services

-17.6% (2024 est.)

Population below poverty line

12.1% (2020 est.)

note: % of population with income below national poverty line

Average household expenditures

on food

25.3% of household expenditures (2023 est.)

on alcohol and tobacco

5.9% of household expenditures (2023 est.)

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2019

4.5% (2019 est.)

Inflation rate (consumer prices) 2020

3.4% (2020 est.)

Inflation rate (consumer prices) 2021

6.7% (2021 est.)

Industrial production growth rate

4.1% (2024 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2022

$5.607 trillion (2022 est.)

Real GDP (purchasing power parity) 2023

$5.835 trillion (2023 est.)

Real GDP (purchasing power parity) 2024

$6.089 trillion (2024 est.)

Youth unemployment rate (ages 15-24)

male

8.8% (2024 est.)

note

note: % of labor force ages 15-24 seeking employment

total

9.3% (2024 est.)

female

9.8% (2024 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2021

$632.242 billion (2021 est.)

Reserves of foreign exchange and gold 2022

$581.71 billion (2022 est.)

Reserves of foreign exchange and gold 2023

$597.217 billion (2023 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

30.7% (2024 est.)

services

57.5% (2024 est.)

agriculture

2.7% (2024 est.)

Household income or consumption by percentage share

note

note: % share of income accruing to lowest and highest 10% of population

lowest 10%

2.7% (2021 est.)

highest 10%

26.6% (2021 est.)

Gini Index coefficient - distribution of family income

note

note: index (0-100) of income distribution; higher values represent greater inequality

Gini Index coefficient - distribution of family income 2021

35.1 (2021 est.)