Russia | GDP | 2023 | 2024 | Economic Data | World Economics (2024)

LATEST ESTIMATES FOR GROSS DOMESTIC PRODUCT IN PPP INT$ ADJUSTED FOR BASE YEAR AND INFORMAL ECONOMY

The official estimate for Russia's GDP was $4.172 trillion at the end of 2023 in puchasing power partity terms.

World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. World Economics estimates Russia's GDP to be $5.765 trillion - 38% larger than official estimates.

2023 data is based on IMF growth rate estimates applied to World Economics GDP data.

Russia's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries.

Data source: World Economics Research, London


Filter:

All

Africa

Asia Pacific

Americas

More...

  • Thematic Groupings
    Global South
    Global North

    Emerging Markets
    Frontier Markets
    Developed Markets
    Rest of World

    High Income Countries
    Middle Income Countries
    Low Income Countries

    Bottom Billion

    Trade & Political Blocs
    European Union
    ASEAN
    RCEP
    CPTPP
    BRICS

    Forums
    OECD
    G7
    G20
    IPEF
    Commonwealth

    Omit countries with poor quality GDP data:
    Omit countries with poor quality governance:

    How to use filters

    Reset all filters

GDP PPP Estimates: All Countries 2023 Estimate
Billions, Int$
2024 Estimate
Billions, Int$
World Economics
Data Quality Rating
(A-E)
China $33,706.76 $35,257.27 C
United States $23,673.20 $24,312.38 A
India $16,943.02 $18,095.14 C
Japan $5,821.57 $5,873.96 A
Russia $5,765.34 $5,949.83 C
Indonesia $5,103.51 $5,358.68 C
Germany $5,015.63 $5,025.66 A
Brazil $4,463.64 $4,561.85 B
Türkiye $3,869.78 $3,989.74 B
Mexico $3,635.92 $3,723.18 C
France $3,562.73 $3,587.67 A
United Kingdom $3,513.95 $3,531.52 A
Italy $3,266.96 $3,289.83 A
Korea, Rep. $2,930.68 $2,998.09 A
Saudi Arabia $2,582.43 $2,649.58 C
Spain $2,392.62 $2,438.08 A
Egypt $2,234.35 $2,301.38 D
Canada $2,144.68 $2,170.41 A
Nigeria $2,113.27 $2,183.01 E
Thailand $1,873.19 $1,923.77 D
Pakistan $1,850.77 $1,887.79 D
Poland $1,703.86 $1,756.68 B
Vietnam $1,646.68 $1,742.19 E
Bangladesh $1,601.02 $1,692.28 E
Taiwan $1,571.61 $1,620.33 A
Australia $1,490.74 $1,513.11 A
Philippines $1,485.84 $1,577.96 C
Argentina $1,464.95 $1,423.93 C
Malaysia $1,371.60 $1,431.95 B
South Africa $1,203.33 $1,214.16 B
Netherlands $1,155.22 $1,162.16 A
Colombia $1,087.51 $1,099.47 B
United Arab Emirates $881.03 $911.86 B
Romania $782.70 $804.61 B
Belgium $753.43 $762.47 A
Kazakhstan $710.71 $732.74 D
Switzerland $687.22 $696.15 A
Singapore $679.98 $694.26 A
Peru $661.98 $678.53 D
Sweden $657.70 $659.02 A
Ireland $627.14 $636.54 A
Algeria $615.37 $638.75 C
Chile $607.69 $619.84 A
Ukraine $575.29 $593.70 C
Austria $545.40 $547.58 A
Israel $523.67 $532.05 A
Hong Kong $504.25 $518.87 A
Ethiopia $481.56 $511.42 E
Portugal $458.69 $466.49 A
Greece $428.57 $437.14 B
Norway $428.54 $434.97 A
Morocco $417.41 $430.34 C
Hungary $417.19 $426.37 B
Kenya $416.23 $437.04 D
Denmark $415.17 $423.89 A
Angola $401.49 $411.93 E
Uzbekistan $388.39 $408.59 D
Myanmar $376.72 $382.37 D
Sri Lanka $375.50 $381.13 C
Qatar $328.13 $334.69 B
Finland $311.82 $313.07 A
Ghana $299.84 $308.23 C
Dominican Republic $298.00 $314.09 B
Ecuador $297.35 $297.64 D
Kuwait $288.23 $284.19 D
Tanzania $282.31 $297.83 D
Sudan $274.21 $262.69 E
Cote d'Ivoire $264.91 $282.13 C
New Zealand $256.48 $259.04 A
Belarus $252.40 $258.46 C
Guatemala $244.87 $253.44 D
Panama $238.91 $244.88 D
Libya $236.67 $255.13 E
Congo, Dem. Rep $228.23 $238.96 E
Bulgaria $227.16 $233.30 B
Azerbaijan $212.15 $218.09 D
Slovak Republic $209.48 $213.88 B
Oman $208.74 $211.25 B
Nepal $206.78 $213.19 E
Serbia $204.62 $211.78 B
Bolivia $184.00 $186.94 E
Croatia $176.49 $181.79 B
Tunisia $171.32 $174.57 D
Uganda $170.73 $180.29 D
Cameroon $158.70 $165.52 D
Costa Rica $152.35 $158.45 B
Paraguay $146.57 $152.14 D
Jordan $140.09 $143.74 B
Cambodia $140.08 $148.48 E
Lithuania $137.33 $140.35 B
Turkmenistan $130.23 $133.23 D
Afghanistan $120.50 $119.29 E
Zambia $119.52 $125.13 D
Uruguay $114.87 $119.12 B
Slovenia $109.15 $111.33 A
Bahrain $107.20 $111.06 C
Senegal $102.41 $110.91 C
Honduras $99.92 $103.52 E
Georgia $99.83 $105.52 B
Mali $96.10 $99.94 E
Lebanon $92.24 $94.09 D
El Salvador $90.85 $93.57 C
Laos $89.30 $92.87 E
Luxembourg $83.64 $84.73 A
Madagascar $80.78 $84.41 E
Latvia $77.36 $78.67 B
Burkina Faso $77.31 $81.56 C
Bosnia and Herzegovina $73.36 $75.20 D
Zimbabwe $72.52 $74.84 E
Benin $72.38 $76.73 C
Gabon $69.69 $71.71 E
Mozambique $68.17 $71.58 D
Armenia $67.66 $71.72 B
Guinea $67.26 $70.01 E
Nicaragua $64.74 $67.00 D
Tajikistan $61.16 $65.13 E
Botswana $60.49 $62.67 C
Estonia $60.46 $60.16 B
Yemen, Rep. $59.61 $59.01 E
Albania $58.91 $60.74 C
Papua New Guinea $58.60 $61.24 E
Mongolia $55.85 $59.49 B
Cyprus $53.59 $55.03 A
Niger $52.83 $58.33 C
Guyana $52.50 $70.30 E
Haiti $52.15 $50.59 E
Rwanda $50.80 $54.31 C
Kyrgyzstan $48.30 $50.43 D
Moldova $48.12 $49.37 B
North Macedonia $47.53 $48.81 B
Chad $46.49 $47.84 E
Malawi $44.16 $45.62 C
Jamaica $42.16 $42.92 E
Congo, Rep. $41.81 $43.65 E
Mauritania $40.52 $42.59 D
Namibia $37.20 $38.21 C
Mauritius $37.16 $38.98 B
Malta $34.87 $36.62 B
Togo $30.09 $31.68 C
Sierra Leone $25.95 $26.99 D
Iceland $25.17 $25.60 A
Bahamas, The $20.46 $20.93 B
Eswatini $19.44 $20.16 D
Burundi $16.85 $17.57 E
Bhutan $15.49 $16.15 E
Suriname $13.18 $13.57 C
Liberia $12.92 $13.61 E
Gambia $10.16 $10.79 D
Central African Republic $8.69 $8.80 E
Lesotho $8.29 $8.48 C
Guinea-Bissau $6.30 $6.62 E
Comoros $3.82 $3.96 D

See: Data for individual countries by using country lists

Note: Data for years shown use end of of year values.

Please read our Terms of Service and Disclaimer relating to data on this page.

Data quality rating definitions:
A: As good as it gets
B: Good
C: Use with caution
D: Poor
E: Extremely poor quality


Please read our Terms of Service and Disclaimer relating to this data.

ACCESS DATA FOR MORE COUNTRIES


Russia | GDP | 2023 | 2024 | Economic Data | World Economics (2024)

FAQs

How much of the world's economy is Russia? ›

Forums
China18.9%C
United States13.3%A
India9.6%C
Japan3.3%A
Russia3.2%C
146 more rows

What is Russia's economy ranked in 2024? ›

Where does Russia rank in the world by GDP? Russia ranks 12th in the world by GDP for 2024.

What is Russia's GDP detail? ›

Gross domestic product (GDP) in Russia 2029

GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2022, the GDP in Russia was around 2.27 trillion U.S. dollars.

What country has the #1 largest economy in the world? ›

The United States is the undisputed heavyweight when it comes to the economies of the world. America's gross domestic product in 2022 was more than 40% greater than that of China, the world No. 2. Even more striking, U.S. GDP was over five times that of the next two largest economies, Japan and Germany.

What is Russia's biggest source of income? ›

Russia's economy is heavily reliant on its vast natural resources, particularly in energy. It is one of the world's largest producers of oil and natural gas, which are major contributors to its GDP and export earnings. This reliance makes its economy vulnerable to fluctuations in global commodity prices.

How rich is Russia compared to the US? ›

Russia's economy is roughly a tenth the size of the U.S.' (the World Bank stated that Russia's GDP in 2015 was $1.3 trillion.) According to the Stockholm International Peace Research Institute, U.S. military expenditures in 2015 were 3.3 percent of GDP, and Russia's were 5 percent of its GDP.

What is the wealthiest country in the world? ›

China has surpassed the US as the richest country in the world by GDP, with a GDP of $35.29 trillion, as of 2024.

Which is the fastest growing economy in the world 2024? ›

India will continue to be the world's fastest-growing economy and the Indian-corporate world has its hopes up as it expects the next government to continue on the reform path and steer the Indian economy towards high growth.

What is the unemployment rate in Russia? ›

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Russia unemployment rate for 2022 was 3.87%, a 0.85% decline from 2021. Russia unemployment rate for 2021 was 4.72%, a 0.87% decline from 2020.

Is India richer than Russia? ›

Russia is currently a richer country than India. Russian educational and research system is vastly superior to India. Russia can manufacture certain things like high thrust jet engines that India cannot make at present. This situation can of course change if India can generate decent economic growth in this century.

What is the rank of Russia's economy? ›

Worldwide gross domestic product in 2022 was at about 12,647 USD per capita. GDP in Russia, on the other hand, reached USD 15,533 per capita, or 2.240 trillion USD for the whole country. Russia is one of the world's largest economies and is currently at rank 8. Inflation in Russia in 2021 was around 6.69%.

What are Russians famous for? ›

Russia is known all over the world for its thinkers and artists, including writers like Leo Tolstoy and Fyodor Dostoevsky, composers such as Pyotr Ilyich Tchaikovsky, and ballet dancers including Rudolf Nureyev.

What type of economy is Russia? ›

Central Asia and Russia contains a total of six countries: Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Turkmenistan, and Uzbekistan. The Russian economy is a mixed economy, a mix of free market and command economies. Thanks to its production of war machinery and arms, about 36% of its economy is industry.

Is Russia 10% of the world? ›

Russia. The world's largest country is Russia. With a total area of 17,098,246 square kilometers, it is roughly 45 times larger than Japan and makes up 13% of the planet.

What country has the richest economy? ›

1. China. China has surpassed the US as the richest country in the world by GDP, with a GDP of $35.29 trillion, as of 2024.

Is Russia the richest country in natural resources? ›

With a total natural resource value of 45 trillion U.S. dollars, the U.S. is the second leading country worldwide based on natural resource value after Russia.

Top Articles
Latest Posts
Article information

Author: Ouida Strosin DO

Last Updated:

Views: 6041

Rating: 4.6 / 5 (56 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Ouida Strosin DO

Birthday: 1995-04-27

Address: Suite 927 930 Kilback Radial, Candidaville, TN 87795

Phone: +8561498978366

Job: Legacy Manufacturing Specialist

Hobby: Singing, Mountain biking, Water sports, Water sports, Taxidermy, Polo, Pet

Introduction: My name is Ouida Strosin DO, I am a precious, combative, spotless, modern, spotless, beautiful, precious person who loves writing and wants to share my knowledge and understanding with you.