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%.

Russia GDP from 1992 to 2024

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

Change Chart

    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)

    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