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%.
Russia GDP from 1992 to 2024
The total market value of goods and services produced annually in Russia.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1989 | 0 % | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 147M 399K people | 0 % | 0 % |
1990 | 0 % | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 147M 969K people | 0 % | 0 % |
1991 | 0 % | $ 0 | $ 0 | $ 0 | $ 0 | 0 % | 148M 394K people | 0 % | 0 % |
1992 | 0 % | $ 71B 603M | $ 1T 619B | $ 482.05 | $ 10,905.47 | 37.36 % | 148M 538K people | -1.676 % | 0 % |
1993 | -8.7 % | $ 196B 227M | $ 1T 514B | $ 1,321.76 | $ 10,198.10 | 29.39 % | 148M 459K people | 1.325 % | 0 % |
1994 | -12.7 % | $ 293B 768M | $ 1T 349B | $ 1,979.46 | $ 9,096.18 | 17.32 % | 148M 408K people | 3.044 % | 0 % |
1995 | -4.1 % | $ 335B 777M | $ 1T 321B | $ 2,263.02 | $ 8,908.04 | 21.67 % | 148M 376K people | 2.215 % | 0 % |
1996 | -3.581 % | $ 412B 685M | $ 1T 297B | $ 2,785.40 | $ 8,759.02 | 21.41 % | 148M 160K people | 2.448 % | 0 % |
1997 | 1.376 % | $ 433B 704M | $ 1T 338B | $ 2,932.11 | $ 9,047.61 | 17.61 % | 147M 915K people | -0.193 % | 0 % |
1998 | -5.319 % | $ 287B 672M | $ 1T 281B | $ 1,948.06 | $ 8,676.98 | 11.63 % | 147M 671K people | 0.025 % | -3.152 % |
1999 | 6.347 % | $ 209B 657M | $ 1T 381B | $ 1,424.16 | $ 9,387.31 | 23.36 % | 147M 215K people | 10.901 % | 1.888 % |
2000 | 10.054 % | $ 278B 264M | $ 1T 555B | $ 1,898.15 | $ 10,609.71 | 32.72 % | 146M 597K people | 16.309 % | 7.106 % |
2001 | 5.082 % | $ 328B 475M | $ 1T 671B | $ 2,250.20 | $ 11,448.39 | 29.31 % | 145M 976K people | 9.758 % | 5.459 % |
2002 | 4.746 % | $ 370B 62M | $ 1T 777B | $ 2,546.78 | $ 12,234.26 | 25.32 % | 145M 306K people | 7.424 % | 2.59 % |
2003 | 7.356 % | $ 461B 518M | $ 1T 946B | $ 3,190.61 | $ 13,454.31 | 25.93 % | 144M 649K people | 7.178 % | 2.796 % |
2004 | 7.145 % | $ 633B 294M | $ 2T 141B | $ 4,395.83 | $ 14,863.10 | 28.13 % | 144M 67K people | 9.247 % | 5.635 % |
2005 | 6.397 % | $ 817B 717M | $ 2T 349B | $ 5,697.62 | $ 16,372 | 28.52 % | 143M 519K people | 10.32 % | 8.342 % |
2006 | 8.165 % | $ 1T 60B | $ 2T 619B | $ 7,416.30 | $ 18,314.78 | 27.96 % | 143M 50K people | 8.702 % | 8.319 % |
2007 | 8.55 % | $ 1T 393B | $ 2T 920B | $ 9,757.47 | $ 20,454.40 | 27.23 % | 142M 805K people | 5.181 % | 5.584 % |
2008 | 5.247 % | $ 1T 779B | $ 3T 133B | $ 12,463.81 | $ 21,952.06 | 29.15 % | 142M 742K people | 5.842 % | 4.737 % |