Russia GDP | 2024 | Real PPP | Data | PPP on World Economics (2024)

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Russia GDP | 2024 | Real PPP | Data | PPP on World Economics? ›

Russia GDP: $4.304 Trillion

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%.

Russia's share of Global GDP in 2023 was 3.2% once allowances were made for base year and informal economy size. Russia's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries.

In 2019, the estimated average GDP per capita (PPP) of all of the countries of the world was Int$ 18,381.

In 2022, purchasing power parity for Russian Federation was 30.2 LCU per international dollars. Purchasing power parity of Russian Federation increased from 9.9 LCU per international dollars in 2003 to 30.2 LCU per international dollars in 2022 growing at an average annual rate of 6.25%.

Russia was the eleventh largest economy in the world in 2021, with its gross domestic product measured at 1.78 trillion US dollars. In the global ranking by nominal GDP, Russia was positioned between South Korea and Australia.

So, First World now includes the most industrialized powers originally labeled Second World (Russia and China, for example) as well as some originally neutral Third World countries that have become wealthy and industrialized due to high oil revenue (Venezuela and Saudi Arabia).

In 2024, Luxembourg is the world's wealthiest nation by GDP per capita. Gross Domestic Product (GDP) is used to evaluate the economic prosperity of nations and their citizens globally.

What is the PPP of Russia in 2024? ›

GDP per Capita PPP in Russia is expected to reach 28137.00 USD by the end of 2024, according to Trading Economics global macro models and analysts expectations.

Russia is among the world's leading producers of oil, extracting about one-fifth of the global total. It also is responsible for more than one-fourth of the world's total natural gas output. The great bulk of oil and natural gas comes from the huge fields that underlie the northern part of the West Siberia region.

In 2022, agriculture contributed around 3.9 percent to the GDP of Russia, 32.79 percent came from the industry and 53.98 percent from the service sector.

With a GDP of more than 20 trillion dollars, the United States of America is the world's largest economy.

The economy of the Union of Soviet Socialist Republics of the Soviet Union (U.S.S.R.) is by far the world's largest national economy by both nominal GDP and by purchasing power parity (PPP) with an estimated nominal GDP of $30.12 trillion and an estimated GDP by purchasing power parity (PPP) of $33.31 trillion as of ...

GDP per Capita PPP in China averaged 7643.37 USD from 1990 until 2022, reaching an all time high of 18187.84 USD in 2022 and a record low of 1423.90 USD in 1990.