What is the GDP of Russia?

Russia's GDP is approximately $2173.8 billion USD. The GDP growth rate is 4.3%.

What is the population of Russia?

Russia has a population of approximately 143.5 million people. The population growth rate is -0.2%.

What is the inflation rate in Russia?

The inflation rate in Russia is 8.4%.

What is the unemployment rate in Russia?

The unemployment rate in Russia is 2.1%.

What is the GDP per capita of Russia?

Russia's GDP per capita is approximately $14,889 USD.

Is Russia a good country to invest in?

Russia has an investment score of 35/100, classified as "Caution" risk. Key sectors include Oil & Gas, Mining & Metals, Agriculture. Credit rating: NR.

How open is Russia's economy to trade?

Russia's trade openness (trade as % of GDP) is 40%. Exports total approximately $476.4B and imports $382.4B.

What is Russia's government debt?

Russia's government debt is approximately 19% of GDP. The current account balance is 2.9% of GDP.

How much foreign investment does Russia attract?

Foreign direct investment (FDI) in Russia is -0.4% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Russia?

Russia's economy is composed of services (58% of GDP), industry (31% of GDP), and agriculture (3% of GDP).

Can I start a business in Russia as a foreigner?

Russia offers various options for foreign entrepreneurs. Visit our business setup guide for Russia for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Russia's economy growing?

Russia's GDP growth rate is 4.3%. This is above the global average, indicating strong economic momentum.

🇷🇺

Russia Economy Overview

Name: Russia Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaUpper MiddleCapital: MoscowRUS

Caution

Growing

2,173.8B USD

GDP (Nominal)

Growing at 4.3%

$14,889

GDP Per Capita

High income level

143.5M

Population

-0.2% annual growth

High

8.4%

Inflation

Elevated

40%of GDP

Trade Openness

-0.4%of GDP

FDI Inflows

Healthy

19%of GDP

Public Debt

Low

2.1%

Unemployment

Surplus

+$94B

Trade Balance

Currency & Exchange Rate

Currency

₽ Russian Ruble

RUB

Exchange Rate (1 USD)

₽92.50

+1.6% YoY(weakened)

5-Year Change

+25.9%

From ₽73.50

Regime & Controls

managed float

Capital controls: strict

GDP

Billion USD, nominal

$2,173.8B

2024+102.3B

GDP Growth

Annual %

4.3%

2024+0.2%

Inflation

Consumer prices, annual %

8.4%

2024+2.5%

Population

Millions

143.5M

2024-0.3M

Economic Structure

Services58%

Industry31%

Agriculture3%

Infrastructure58/100

Internet Speed

75 Mbps

Mobile: 28 Mbps

Logistics Index

2.8 /5.0

World Bank LPI

Electricity

85%

Reliability score

Connectivity

moderate

80% internet access

Investment Score Breakdown

Economic Health (30%)38

Political Safety (25%)15

Business Climate (20%)35

Financial Strength (15%)42

Growth Potential (10%)48

Key Sectors

Oil & Gas

15.8% of GDP

declining

Mining & Metals

5.2% of GDP

stable

Agriculture

3.8% of GDP

growing

Military Industrial

8.5% of GDP

stable

Should I Invest in Russia?

CautionSetup: ModerateROI: Low

Russia scores 35/100 on the NationsData Investment Index, rated "Caution". Growth is subdued at 2.8%.

Investment Score35/100

GDP Growth2.8%

Inflation8.5%

FDI/GDP0.8%

Public Debt18.5%

Political Stability-1.1

Strengths

+Low public debt (18.5% of GDP) - fiscal headroom

Risks

-Significant political instability - governance risks may affect business continuity
-Elevated inflation (8.5%) - factor into pricing strategy
-Corruption is a significant concern - budget for compliance and due diligence

Also Consider

Belarus

Same region, similar income level

Turkey

Same region, similar income level, faster growth (4.5%)

Turkmenistan

Same region, similar income level, faster growth (5.5%)

Bosnia and Herzegovina

Same region, similar income level, higher score (47)

Countries Similar to Russia

Based on investment profile, economic size, growth rate, and region

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Turkey

Similar investment profile · Similar risk level

93% match

🇧🇾

Belarus

Similar investment profile · Similar risk level

88% match

🇹🇲

Turkmenistan

Similar investment profile · Similar income level

86% match

🇰🇿

Kazakhstan

Similar income level · Similar growth rate

85% match

🇷🇴

Romania

Similar income level · Similar growth rate

84% match

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