The Gross Domestic Product (GDP) in Russia was worth 1483.50 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Russia represents 1.31 percent of the world economy. In 2021, the economy of Russia is estimated to have expanded by 4.7 percent in 2021, solidly rebounding from a 2.7 percent contraction in 2020. source: World Bank
GDP in Russia averaged 972.41 USD Billion from 1988 until 2020, reaching an all time high of 2292.47 USD Billion in 2013 and a record low of 195.91 USD Billion in 1999. This page provides the latest reported value for - Russia GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia GDP - values, historical data and charts - was last updated on July of 2022.
GDP in Russia is expected to reach 1778.02 USD Billion by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia GDP is projected to trend around 1600.00 USD Billion in 2023 and 1400.00 USD Billion in 2024, according to our econometric models.