Russia GDP Trends from 1992 to 2024: A overall increase with some decline Flow

Russia's GDP changed from approximately $71B 603M in 1992 to $2T 56B in 2024, showing an overall 2772.6% sharply increased during the period.
The lowest GDP was recorded in 1992 at $71B 603M, and the highest in 2013 at $2T 288B.
Over the 32-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 11.1%.
For comparison, the average annual growth rate of Ukraine was 6.9%, and that of Poland was 6.3%.

Overview of Russia's GDP (1992–2024)

The Gross Domestic Product (GDP) of Russia recorded a 2772.6% sharply increased from 1992 to 2024.
The average GDP during this period was $1T 154B, and the median was $1T 307B.
GDP fluctuated within a range of $2T 216B, with a standard deviation of $748B 882M.
The average annual change was $68B 249M.


Russia GDP from 1992 to 2024

The total market value of goods and services produced annually in Russia.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1992, $71B 603M
    • Highest GDP: 2013, $2T 288B
    • Most Recent GDP: 2024, $2T 56B

    Notable Annual GDP Changes

    • 2022: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Russia's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $1T 695B → $1T 488B
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $1T 393B → $1T 307B
    • Outcome: declined

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $278B 264M → $328B 475M
    • Outcome: sharply increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $433B 704M → $287B 672M
    • Outcome: sharply declined

    Key Economic Indicators of Russia (1992–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1989
    $ 0
    $ 0
    $ 0
    $ 0
    0 %
    0 %
    0 %
    0 %
    147M 399K people
    1990
    $ 0
    $ 0
    $ 0
    $ 0
    0 %
    0 %
    0 %
    0 %
    147M 969K people
    1991
    $ 0
    $ 0
    $ 0
    $ 0
    0 %
    0 %
    0 %
    0 %
    148M 394K people
    1992
    $ 71B 603M
    $ 482.05
    $ 10,905.47
    $ 1T 619B
    0 %
    -1.676 %
    37.36 %
    0 %
    148M 538K people
    1993
    $ 196B 227M
    $ 1,321.76
    $ 10,198.10
    $ 1T 514B
    -8.7 %
    1.325 %
    29.39 %
    0 %
    148M 459K people
    1994
    $ 293B 768M
    $ 1,979.46
    $ 9,096.18
    $ 1T 349B
    -12.7 %
    3.044 %
    17.32 %
    0 %
    148M 408K people
    1995
    $ 335B 777M
    $ 2,263.02
    $ 8,908.04
    $ 1T 321B
    -4.1 %
    2.215 %
    21.67 %
    0 %
    148M 376K people
    1996
    $ 412B 685M
    $ 2,785.40
    $ 8,759.02
    $ 1T 297B
    -3.581 %
    2.448 %
    21.41 %
    0 %
    148M 160K people
    1997
    $ 433B 704M
    $ 2,932.11
    $ 9,047.61
    $ 1T 338B
    1.376 %
    -0.193 %
    17.61 %
    0 %
    147M 915K people
    1998
    $ 287B 672M
    $ 1,948.06
    $ 8,676.98
    $ 1T 281B
    -5.319 %
    0.025 %
    11.63 %
    -3.152 %
    147M 671K people
    1999
    $ 209B 657M
    $ 1,424.16
    $ 9,387.31
    $ 1T 381B
    6.347 %
    10.901 %
    23.36 %
    1.888 %
    147M 215K people
    2000
    $ 278B 264M
    $ 1,898.15
    $ 10,609.71
    $ 1T 555B
    10.054 %
    16.309 %
    32.72 %
    7.106 %
    146M 597K people
    2001
    $ 328B 475M
    $ 2,250.20
    $ 11,448.39
    $ 1T 671B
    5.082 %
    9.758 %
    29.31 %
    5.459 %
    145M 976K people
    2002
    $ 370B 62M
    $ 2,546.78
    $ 12,234.26
    $ 1T 777B
    4.746 %
    7.424 %
    25.32 %
    2.59 %
    145M 306K people
    2003
    $ 461B 518M
    $ 3,190.61
    $ 13,454.31
    $ 1T 946B
    7.356 %
    7.178 %
    25.93 %
    2.796 %
    144M 649K people
    2004
    $ 633B 294M
    $ 4,395.83
    $ 14,863.10
    $ 2T 141B
    7.145 %
    9.247 %
    28.13 %
    5.635 %
    144M 67K people
    2005
    $ 817B 717M
    $ 5,697.62
    $ 16,372
    $ 2T 349B
    6.397 %
    10.32 %
    28.52 %
    8.342 %
    143M 519K people
    2006
    $ 1T 60B
    $ 7,416.30
    $ 18,314.78
    $ 2T 619B
    8.165 %
    8.702 %
    27.96 %
    8.319 %
    143M 50K people
    2007
    $ 1T 393B
    $ 9,757.47
    $ 20,454.40
    $ 2T 920B
    8.55 %
    5.181 %
    27.23 %
    5.584 %
    142M 805K people
    2008
    $ 1T 779B
    $ 12,463.81
    $ 21,952.06
    $ 3T 133B
    5.247 %
    5.842 %
    29.15 %
    4.737 %
    142M 742K people