Economy — Russia
GDP, employment, industries, public finance, and currency.
Profile updated 2026-06-02
⚡ Economy at a glance
GDP, employment, industries, public finance, and currency. Key figure for Russia: The Russian economy is one of the world's largest and most resource-rich economies, with a diverse industrial base that includes energy, manufacturing, agriculture, and technology sectors. Its primary industries include oil, natural gas, metals, and minerals, which contribute significantly to export revenues. Howeve…
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Economic overview
- Economic Overview
The Russian economy is one of the world's largest and most resource-rich economies, with a diverse industrial base that includes energy, manufacturing, agriculture, and technology sectors.
Its primary industries include oil, natural gas, metals, and minerals, which contribute significantly to export revenues.
However, the economy is heavily reliant on the energy sector, particularly oil and gas exports, making it vulnerable to fluctuations in global commodity prices.
In recent years, Russia has faced economic challenges, including international sanctions, geopolitical tensions, and structural inefficiencies.
These factors, coupled with low oil prices and weak domestic demand, have hindered economic growth.
The Russian government has implemented various policies to diversify the economy, boost innovation, and attract foreign investment.
Additionally, efforts have been made to reduce dependence on imports and promote import substitution to strengthen domestic industries.
Despite these challenges, Russia remains a major player in the global economy, with a skilled workforce, advanced technological capabilities, and vast natural resources.
Moving forward, the Russian government aims to modernize infrastructure, improve the business climate, and foster innovation to ensure sustainable economic growth and stability.
- 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, and 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
- GDP - per capita (PPP)
$23,700.00 (USD)
- GDP - real growth rate
-3.9%
GDP & growth
- GDP - Gross Domestic Product (PPP)
$3,875,690,000,000 (USD)
- GDP Per Capita
$23,700.00 (USD)
- GDP - real growth rate
-3.9%
- GDP - official exchange rate
$1,236,000,000,000 (USD)
- GDP - composition, by end use
- household consumption: 53.2%
- government consumption: 20.2%
- investment in fixed capital: 19.1%
- investment in inventories: -3.3%
- exports of goods and services: 32.2%
- imports of goods and services: -21.4%
- GDP by Sector- agriculture
4.4%
- GDP by Sector- Industry
35.8%
- GDP by Sector- services
59.7%
- Industrial Growth Rate
2.6%
Prices & money
- Inflation Rate
5.1%
- Exchange Rate per US Dollar
Russian ruble (RUB)
- Currency Name and Code
Russian Ruble (RUR or RUB)
- Fiscal Year
calendar year
- Commercial Bank Prime Lending Rate
9.3%
Employment & labor
- Labor Force
75,600,000
- Unemployment Rate
5.7%
- Major 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, and 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
- Agriculture Products
grain, sugar beets, sunflower seed, vegetables, fruits; beef, milk
- Population Below Poverty Line
12.7%
Public finance
- Annual Budget
$423,400,000,000 (USD)
- Public Debt (% of GDP)
12.2%
- Budget Surplus or Deficit - percent of GDP
-0.5%
- Taxes and other revenues - percent of GDP
20.7%
