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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
