Gross Domestic Product — Value US$ in Russian Federation
Russian Federation: Gross Domestic Product — Value US$ was 2.09 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Russian Federation, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$ in Russian Federation is 2.09 million million USD, measured in 2024.
Compared with earlier readings it is up 4.2% on the previous year and up 1.6% over ten years.
Over the whole period, gross domestic product — value us$ in Russian Federation peaked at 2.29 million million USD in 2013 and was at its lowest, 197,303 million USD, in 1999.
That places Russian Federation 11th out of 203 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Russian Federation, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 563,806 million USD | — |
| 1992 | 493,038 million USD | -12.6% |
| 1993 | 460,814 million USD | -6.5% |
| 1994 | 410,880 million USD | -10.8% |
| 1995 | 402,296 million USD | -2.1% |
| 1996 | 394,881 million USD | -1.8% |
| 1997 | 407,824 million USD | +3.3% |
| 1998 | 272,882 million USD | -33.1% |
| 1999 | 197,303 million USD | -27.7% |
| 2000 | 261,567 million USD | +32.6% |
| 2001 | 308,801 million USD | +18.1% |
| 2002 | 347,948 million USD | +12.7% |
| 2003 | 434,560 million USD | +24.9% |
| 2004 | 596,725 million USD | +37.3% |
| 2005 | 771,495 million USD | +29.3% |
| 2006 | 999,623 million USD | +29.6% |
| 2007 | 1.31 million million USD | +31.3% |
| 2008 | 1.68 million million USD | +27.8% |
| 2009 | 1.23 million million USD | -26.4% |
| 2010 | 1.54 million million USD | +24.7% |
| 2011 | 2.05 million million USD | +32.9% |
| 2012 | 2.21 million million USD | +7.9% |
| 2013 | 2.29 million million USD | +3.8% |
| 2014 | 2.06 million million USD | -10.2% |
| 2015 | 1.36 million million USD | -33.8% |
| 2016 | 1.28 million million USD | -6.4% |
| 2017 | 1.57 million million USD | +23.3% |
| 2018 | 1.66 million million USD | +5.3% |
| 2019 | 1.69 million million USD | +2.2% |
| 2020 | 1.49 million million USD | -11.8% |
| 2021 | 1.84 million million USD | +23.5% |
| 2022 | 2.27 million million USD | +23.1% |
| 2023 | 2.01 million million USD | -11.5% |
| 2024 | 2.09 million million USD | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 400,414 million USD | 197,303 million USD | 563,806 million USD | 9 |
| 2000s | 794,488 million USD | 261,567 million USD | 1.68 million million USD | 10 |
| 2010s | 1.77 million million USD | 1.28 million million USD | 2.29 million million USD | 10 |
| 2020s | 1.94 million million USD | 1.49 million million USD | 2.27 million million USD | 5 |
Countries ranked near Russian Federation
More economy & growth data for Russian Federation
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 6 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 4.8 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 6 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 14.71 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 24.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 22.52 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 24.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 22.52 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 387,507 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 23.61 million million SLC (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Russian Federation?
- Gross domestic product — value us$ in Russian Federation was 2.09 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Russian Federation?
- The highest recorded value was 2.29 million million USD in 2013.
- What is the lowest gross domestic product — value us$ recorded in Russian Federation?
- The lowest recorded value was 197,303 million USD in 1999.
- How does Russian Federation rank for gross domestic product — value us$?
- Russian Federation ranks 11th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Russian Federation?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is volatile.
- Where does this Russian Federation data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).