[ Nominal GDP in billions of USD ]
Year -
$2,173.84 billions
Russia GDP expanded from 1988 to 2024, increasing from $554.83 billion to $2,173.84 billion.The compound annual growth rate (CAGR) averaged 3.87% over the period. The economy recorded its peak level in 2013 and its lowest level in 1999. Growth volatility remained high. The maximum drawdown reached 64.69%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 2,173.84 Billions | $ 6,921.25 Int Billions |
| Growth (YoY) | 4.94% | 6.867% |
| Net Change vs Previous Year | $ 102.33 Billion | $ 444.77 Int Billion |
| % of World GDP | 1.96% | 3.48% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | - | - | - | - | - | - |
| 1972 | - | - | - | - | - | - |
| 1973 | - | - | - | - | - | - |
| 1974 | - | - | - | - | - | - |
| 1975 | - | - | - | - | - | - |
| 1976 | - | - | - | - | - | - |
| 1977 | - | - | - | - | - | - |
| 1978 | - | - | - | - | - | - |
| 1979 | - | - | - | - | - | - |
| 1980 | - | - | - | - | - | - |
| 1981 | - | - | - | - | - | - |
| 1982 | - | - | - | - | - | - |
| 1983 | - | - | - | - | - | - |
| 1984 | - | - | - | - | - | - |
| 1985 | - | - | - | - | - | - |
| 1986 | - | - | - | - | - | - |
| 1987 | - | - | - | - | - | - |
| 1988 | 554.83 | - | - | - | - | - |
| 1989 | 506.63 | -48.2 | -8.687 % | - | - | - |
| 1990 | 517.01 | 10.38 | 2.049 % | 1187.87 | - | - |
| 1991 | 517.96 | 0.95 | 0.184 % | 1166.06 | -21.81 | -1.836 % |
| 1992 | 460.29 | -57.67 | -11.134 % | 1019.33 | -146.73 | -12.583 % |
| 1993 | 435.08 | -25.21 | -5.476 % | 953.04 | -66.29 | -6.504 % |
| 1994 | 395.08 | -40.01 | -9.195 % | 851.03 | -102 | -10.703 % |
| 1995 | 395.54 | 0.46 | 0.116 % | 832.88 | -18.16 | -2.134 % |
| 1996 | 391.73 | -3.81 | -0.964 % | 817.53 | -15.35 | -1.843 % |
| 1997 | 404.93 | 13.2 | 3.371 % | 843.11 | 25.58 | 3.129 % |
| 1998 | 270.96 | -133.97 | -33.086 % | 807.03 | -36.08 | -4.28 % |
| 1999 | 195.91 | -75.05 | -27.698 % | 870.68 | 63.65 | 7.887 % |
| 2000 | 259.71 | 63.8 | 32.568 % | 1000.58 | 129.9 | 14.92 % |
| 2001 | 306.6 | 46.89 | 18.056 % | 1074.59 | 74.01 | 7.397 % |
| 2002 | 345.47 | 38.87 | 12.677 % | 1167.9 | 93.31 | 8.683 % |
| 2003 | 430.35 | 84.88 | 24.569 % | 1338.66 | 170.76 | 14.621 % |
| 2004 | 591.02 | 160.67 | 37.335 % | 1473.34 | 134.68 | 10.061 % |
| 2005 | 764.02 | 173 | 29.271 % | 1696.73 | 223.39 | 15.162 % |
| 2006 | 989.93 | 225.92 | 29.57 % | 2133.19 | 436.46 | 25.724 % |
| 2007 | 1299.7 | 309.77 | 31.292 % | 2377.45 | 244.26 | 11.45 % |
| 2008 | 1660.85 | 361.15 | 27.787 % | 2878.2 | 500.75 | 21.062 % |
| 2009 | 1222.65 | -438.2 | -26.384 % | 2768.6 | -109.6 | -3.808 % |
| 2010 | 1524.92 | 302.27 | 24.723 % | 2927 | 158.4 | 5.721 % |
| 2011 | 2045.92 | 521 | 34.166 % | 3259.32 | 332.32 | 11.354 % |
| 2012 | 2208.29 | 162.37 | 7.936 % | 3480.3 | 220.98 | 6.78 % |
| 2013 | 2292.47 | 84.18 | 3.812 % | 3741.78 | 261.48 | 7.513 % |
| 2014 | 2059.24 | -233.23 | -10.174 % | 3763.53 | 21.75 | 0.581 % |
| 2015 | 1363.48 | -695.76 | -33.787 % | 3526.24 | -237.29 | -6.305 % |
| 2016 | 1276.79 | -86.69 | -6.358 % | 3538.98 | 12.74 | 0.361 % |
| 2017 | 1574.2 | 297.41 | 23.294 % | 3807.1 | 268.12 | 7.576 % |
| 2018 | 1657.33 | 83.13 | 5.281 % | 4231.84 | 424.74 | 11.157 % |
| 2019 | 1693.12 | 35.79 | 2.159 % | 4579.55 | 347.71 | 8.217 % |
| 2020 | 1493.08 | -200.04 | -11.815 % | 4651.43 | 71.88 | 1.57 % |
| 2021 | 1829.19 | 336.11 | 22.511 % | 5688.27 | 1036.84 | 22.291 % |
| 2022 | 2291.61 | 462.42 | 25.28 % | 6006.31 | 318.04 | 5.591 % |
| 2023 | 2071.51 | -220.1 | -9.605 % | 6476.48 | 470.17 | 7.828 % |
| 2024 | 2173.84 | 102.33 | 4.94 % | 6921.25 | 444.77 | 6.867 % |
Between 1988 to 2024, Russia experienced the following economic phases:
The most remarkable growth occurred in 2004 with an increase of 37.335%, while the largest decline was in 2015 at -33.787%.