Browse a full set of economic indicators


Includes historical data for Russia’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

An Economy Geared Around Waging War

The invasion of Ukraine in February 2022 has marked a radical shift in the perception of the Russian market and business environment. Boasting vast natural resources, a strategic geographical position between Europe and Asia, a sizable domestic market of over 140 million people and a skilled labor force, Russia used to attract significant foreign investment. However, the imposition of US and European economic sanctions, along with the associated reputational risks involved in conducting operations in the country, forced many companies to reduce their operations or exit Russia entirely.

The conflict is expected to have long-lasting implications for Russia’s economic future. Regardless of the conflict’s outcome, Russia is poised to confront challenges stemming from its heavy reliance on hydrocarbons, which contribute to about 40% of its GDP, as well as its inadequate infrastructure and dependence on foreign technology. Additionally, systemic structural issues such as widespread corruption, state interference in the economy and security risks will continue to hinder entrepreneurial dynamism.

Macroeconomy & Sovereign Data

Type of Government Semi-presidential republic
Capital Moscow
Sovereign Ratings S&P: Rating withdrawn
Moody’s: Ca
Fitch: C
Total Population 142.9 million
Median Age 39.6
Adult Per Capita Income (PPP) 35,062.92
Total GDP (2023) 2.1 trillion

Russia GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 232.9 billion (2023)
Leading Exports Crude Petroleum
Refined Petroleum
Natural Gas
Total Imports USD 613.9 billion (2022)
Leading Imports Cars And Vehicle Parts
Packaged Medicines
Broadcasting Equipment
Source: World Integrated Trade Solution

Russia Leading Companies

Sberbank Financials
VTB Bank Financials
Gazprom Oil & Gas Exploration & Production
Lukoil Oil & Gas Exploration & Production
Magnit Consumer Staples, Food Retail
X5 Group Consumer Staples, Food Retail
MTS Telecommunication Services

Major Trade Partners — Import

China 25%
Germany 9%
United States 6%
Belarus 5%
South Korea 4%

Source: World Integrated Trade Solution

Major Trade Partners — Export

China 14%
Netherlands 9%
Germany 6%
Türkiye 5%
Belarus 5%

Source: World Integrated Trade Solution

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000