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Gross domestic product (GDP) of Russia

GDP of Russia, 1990-2014

During 1990-2014 GDP of Russia in current prices rose by 1 278.9 billion US dollars (in 3.2 times) to 1 849.9 billion US dollars; change occurred by -16.0 billion US dollars by decreasing of people by 4.1 million, as well as by 1 295.0 billion US dollars by increasing of GDP per capita by 9 028.6 US dollars. The average annual growth of GDP of Russia was 53.3 billion US dollars or 5.0%. The average annual growth of GDP of Russia in constant prices was 0.71%. Share in the world decreased by 0.12%. Share in Europe increased by 1.9%. Minimal GDP was in 1999 (195.9 billion US dollars). Maximal GDP was in 2013 (2 079.0 billion US dollars).

During 1990-2014 GDP per capita in Russia grew by 9 028.6 US dollars (in 3.3 times) to 12 897.9 US dollars. The average annual growth of GDP per capita in current prices was 376.2 US dollars or 5.1%.

Change of GDP of Russia described by linear correlation-regression model: y=71.1x-141 559.0, where y - estimated value of GDP of Russia, x - year. Correlation rate = 0.827. Determination rate = 0.684.

GDP of Russia, 1990-1999 (decrease)

During 1990-1999 GDP of Russia in current prices declined by 375.1 billion US dollars (by 65.7%) to 195.9 billion US dollars; change occurred by -2.5 billion US dollars by decreasing of people by 0.64 million, as well as by -372.6 billion US dollars by decreasing of GDP per capita by 2 535.9 US dollars. The average annual growth of GDP of Russia was -41.7 billion US dollars or -11.2%. The average annual growth of GDP of Russia in constant prices was -5.3%. Share in the world reduced by 1.9%. Share in Europe reduced by 4.6%.

During 1990-1999 GDP per capita in Russia increased by 2 535.9 US dollars (by 65.5%) to 1 333.4 US dollars. The average annual growth of GDP per capita in current prices was -281.8 US dollars or -11.2%.

GDP of Russia, 1999-2014 (increase)

During 1999-2014 GDP of Russia in current prices increased by 1 654.0 billion US dollars (in 9.4 times) to 1 849.9 billion US dollars; change occurred by -4.7 billion US dollars by decreasing of people by 3.5 million, as well as by 1 658.7 billion US dollars by increasing of GDP per capita by 11 564.5 US dollars. The average annual growth of GDP of Russia was 110.3 billion US dollars or 16.1%. The average annual growth of GDP of Russia in constant prices was 4.5%. Share in the world increased by 1.8%. Share in Europe rose by 6.5%.

During 1999-2014 GDP per capita in Russia grew by 11 564.5 US dollars (in 9.7 times) to 12 897.9 US dollars. The average annual growth of GDP per capita in current prices was 771.0 US dollars or 16.3%.

GDP of Russia, 1990

GDP of Russia in 1990 was equal to 571.0 billion US dollars, ranked 9th in the world and was on par with GDP of Canada (592.0 bln. US dollars), GDP of Spain (535.1 bln. US dollars). Share of Russia in the world GDP was 2.5%.

GDP per capita in Russia in 1990 was worth 3 869.3 US dollars, ranked 69th in the world and was on par with GDP per capita in Yugoslavia (3 943.0 US dollars), GDP per capita in Czech Republic (3 905.1 US dollars), GDP per capita in Cook Islands (3 831.9 US dollars), GDP per capita in Turkey (3 751.2 US dollars), GDP per capita in Czechoslovakia (3 659.4 US dollars), GDP per capita in Latvia (3 629.5 US dollars). GDP per capita in Russia was less, than GDP per capita in the World (4 323.9 US dollars) by 454.6 US dollars.

Comparison of GDP in Russia and the neighbors in 1990. GDP of Russia was more than GDP of China (396.6 billion US dollars), GDP of Finland (141.5 billion US dollars), GDP of Ukraine (93.6 billion US dollars), GDP of Kazakhstan (29.7 billion US dollars), GDP of Belarus (18.9 billion US dollars), GDP of Mongolia (1.7 billion US dollars), but was less than GDP of Japan (3 103.7 billion US dollars). GDP per capita in Russia was more than GDP per capita in Belarus (1 844.7 US dollars), GDP per capita in Ukraine (1 822.7 US dollars), GDP per capita in Kazakhstan (1 798.3 US dollars), GDP per capita in Mongolia (786.7 US dollars), GDP per capita in China (343.5 US dollars), but was less than GDP per capita in Finland (28 380.4 US dollars), GDP per capita in Japan (25 388.3 US dollars).

Comparison of GDP in Russia and leaders in 1990. GDP of Russia was more than GDP of China (396.6 billion US dollars) by 44%, but was less than GDP of the United States (5 979.6 billion US dollars) in 10.5 times, GDP of Japan (3 103.7 billion US dollars) in 5.4 times, GDP of Germany (1 764.9 billion US dollars) in 3.1 times, GDP of the United Kingdom (1 093.2 billion US dollars) by 91.5%. GDP per capita in Russia was more than GDP per capita in China (343.5 US dollars) in 11.3 times, but was less than GDP per capita in Japan (25 388.3 US dollars) in 6.6 times, GDP per capita in the United States (23 649.0 US dollars) in 6.1 times, GDP per capita in Germany (22 352.9 US dollars) in 5.8 times, GDP per capita in the United Kingdom (19 142.2 US dollars) in 4.9 times.

Potential GDP of Russia in 1990. With GDP per capita at the level of Finland (28 380.4 US dollars), as the best neighbor, GDP of Russia would be 4 188.1 billion US dollars, it is in 7.3 times more than the actual level. With GDP per capita at the level of Japan (25 388.3 US dollars), GDP of Russia would be 3 746.5 billion US dollars, it is in 6.6 times more than the actual level. With GDP per capita at the level of Europe (12 108.8 US dollars), GDP of Russia would be 1 786.9 billion US dollars, it is in 3.1 times more than the actual level. With GDP per capita at the level of the World (4 323.9 US dollars), GDP of Russia would be 638.1 billion US dollars, it is by 11.7% more than the actual level.

GDP of Russia, 1999

GDP of Russia in 1999 was equal to 195.9 billion US dollars, ranked 22nd in the world. Share of Russia in the world GDP was 0.61%.

GDP per capita in Russia in 1999 was equal to 1 333.4 US dollars, ranked 128th in the world and was on par with GDP per capita in Paraguay (1 404.8 US dollars), GDP per capita in Egypt (1 369.4 US dollars), GDP per capita in Palestine (1 369.1 US dollars), GDP per capita in Montenegro (1 361.1 US dollars), GDP per capita in Samoa (1 320.9 US dollars), GDP per capita in Bosnia and Herzegovina (1 269.7 US dollars). GDP per capita in Russia was less, than GDP per capita in the World (5 350.5 US dollars) by 4 017.1 US dollars.

Comparison of GDP in Russia and the neighbors in 1999. GDP of Russia was more than GDP of Finland (135.2 billion US dollars), GDP of Ukraine (32.7 billion US dollars), GDP of Kazakhstan (16.9 billion US dollars), GDP of Belarus (12.1 billion US dollars), GDP of Mongolia (1.2 billion US dollars), but was less than GDP of Japan (4 432.6 billion US dollars), GDP of China (1 092.6 billion US dollars). GDP per capita in Russia was more than GDP per capita in Belarus (1 213.2 US dollars), GDP per capita in Kazakhstan (1 120.2 US dollars), GDP per capita in China (865.3 US dollars), GDP per capita in Ukraine (664.8 US dollars), GDP per capita in Mongolia (518.7 US dollars), but was less than GDP per capita in Japan (35 324.8 US dollars), GDP per capita in Finland (26 181.5 US dollars).

Comparison of GDP in Russia and leaders in 1999. GDP of Russia was less than GDP of the United States (9 660.6 billion US dollars) in 49.3 times, GDP of Japan (4 432.6 billion US dollars) in 22.6 times, GDP of Germany (2 199.9 billion US dollars) in 11.2 times, GDP of the United Kingdom (1 565.5 billion US dollars) in 8.0 times, GDP of China (1 092.6 billion US dollars) in 5.6 times. GDP per capita in Russia was more than GDP per capita in China (865.3 US dollars) by 54.1%, but was less than GDP per capita in Japan (35 324.8 US dollars) in 26.5 times, GDP per capita in the United States (34 535.4 US dollars) in 25.9 times, GDP per capita in Germany (26 839.2 US dollars) in 20.1 times, GDP per capita in the United Kingdom (26 689.0 US dollars) in 20.0 times.

Potential GDP of Russia in 1999. With GDP per capita at the level of Japan (35 324.8 US dollars), GDP of Russia would be 5 190.1 billion US dollars, it is in 26.5 times more than the actual level. With GDP per capita at the level of Europe (14 036.7 US dollars), GDP of Russia would be 2 062.3 billion US dollars, it is in 10.5 times more than the actual level. With GDP per capita at the level of the World (5 350.5 US dollars), GDP of Russia would be 786.1 billion US dollars, it is in 4.0 times more than the actual level. With GDP per capita at the level of Eastern Europe (1 952.8 US dollars), GDP of Russia would be 286.9 billion US dollars, it is by 46.5% more than the actual level.

GDP of Russia, 2014

GDP of Russia in 2014 was worth 1 849.9 billion US dollars, ranked 10th in the world and was on par with GDP of Canada (1 785.4 bln. US dollars). Share of Russia in the world GDP was 2.4%.

GDP per capita in Russia in 2014 was equal to 12 897.9 US dollars, ranked 75th in the world and was on par with GDP per capita in Antigua and Barbuda (13 731.1 US dollars), GDP per capita in Croatia (13 425.4 US dollars), GDP per capita in Panama (12 712.5 US dollars), GDP per capita in Argentina (12 645.2 US dollars), GDP per capita in Kazakhstan (12 436.2 US dollars), GDP per capita in Montserrat (12 384.2 US dollars). GDP per capita in Russia was more, than GDP per capita in the World (10 742.7 US dollars) by 2 155.2 US dollars.

Comparison of GDP in Russia and the neighbors in 2014. GDP of Russia was more than GDP of Finland (272.2 billion US dollars), GDP of Kazakhstan (216.0 billion US dollars), GDP of Ukraine (131.8 billion US dollars), GDP of Belarus (76.1 billion US dollars), GDP of Mongolia (12.1 billion US dollars), but was less than GDP of China (10 430.6 billion US dollars), GDP of Japan (4 602.4 billion US dollars). GDP per capita in Russia was more than GDP per capita in Kazakhstan (12 436.2 US dollars), GDP per capita in Belarus (8 014.3 US dollars), GDP per capita in China (7 616.7 US dollars), GDP per capita in Mongolia (4 146.9 US dollars), GDP per capita in Ukraine (2 928.8 US dollars), but was less than GDP per capita in Finland (49 677.6 US dollars), GDP per capita in Japan (36 298.2 US dollars).

Comparison of GDP in Russia and leaders in 2014. GDP of Russia was less than GDP of the United States (17 348.1 billion US dollars) in 9.4 times, GDP of China (10 430.6 billion US dollars) in 5.6 times, GDP of Japan (4 602.4 billion US dollars) in 2.5 times, GDP of Germany (3 868.3 billion US dollars) in 2.1 times, GDP of the United Kingdom (2 988.9 billion US dollars) by 61.6%. GDP per capita in Russia was more than GDP per capita in China (7 616.7 US dollars) by 69.3%, but was less than GDP per capita in the United States (54 306.3 US dollars) in 4.2 times, GDP per capita in Germany (47 966.2 US dollars) in 3.7 times, GDP per capita in the United Kingdom (46 460.9 US dollars) in 3.6 times, GDP per capita in Japan (36 298.2 US dollars) in 2.8 times.

Potential GDP of Russia in 2014. With GDP per capita at the level of the United States (54 306.3 US dollars), GDP of Russia would be 7 789.1 billion US dollars, it is in 4.2 times more than the actual level. With GDP per capita at the level of Finland (49 677.6 US dollars), as the best neighbor, GDP of Russia would be 7 125.2 billion US dollars, it is in 3.9 times more than the actual level. With GDP per capita at the level of Europe (29 594.5 US dollars), GDP of Russia would be 4 244.7 billion US dollars, it is in 2.3 times more than the actual level.

GDP of Russia
YearGDP, bln. $GDP per capita, $Growth of GDP, %Share in, %
current pricesconstant pricescurrent pricesconstant pricesWorldEuropeEastern Europe
19902005
1990 571.0 571.0 844.2 3 869.3 2.56.562.8
1991 560.5 542.4 802.0 3 786.0 -5.02.36.264.3
1992 490.1 463.8 685.7 3 304.6 -14.51.95.161.1
1993 458.2 423.4 626.0 3 086.5 -8.71.75.258.8
1994 408.5 369.7 546.5 2 752.3 -12.71.54.455.1
1995 399.5 354.5 524.1 2 693.8 -4.11.33.850.9
1996 392.1 341.7 505.2 2 647.9 -3.61.23.749.2
1997 404.9 346.4 512.2 2 740.3 1.41.34.050.0
1998 271.0 327.9 484.8 1 838.4 -5.30.872.638.7
1999 195.9 348.7 515.6 1 333.4 6.40.611.932.9
2000 259.7 383.8 567.4 1 774.0 10.00.782.739.6
2001 306.6 403.3 596.3 2 102.7 5.10.933.141.0
2002 345.5 422.5 624.6 2 379.5 4.71.03.241.1
2003 430.3 453.3 670.1 2 976.5 7.31.13.342.2
2004 590.9 485.8 718.2 4 102.5 7.21.43.945.3
2005 764.0 516.8 764.0 5 319.6 6.41.64.847.2
2006 989.9 558.9 826.3 6 906.3 8.21.95.750.2
2007 1 299.7 606.6 896.8 9 077.4 8.52.36.451.0
2008 1 660.8 638.4 943.9 11 604.3 5.22.67.551.9
2009 1 222.6 588.5 870.1 8 542.4 -7.82.06.349.3
2010 1 524.9 615.0 909.3 10 652.0 4.52.37.753.5
2011 1 904.8 641.2 948.0 13 300.5 4.32.68.856.4
2012 2 016.1 663.1 980.3 14 070.4 3.42.79.758.9
2013 2 079.0 672.0 993.5 14 501.4 1.32.79.658.4
2014 1 849.9 676.2 999.6 12 897.9 0.622.48.455.9

GDP of Russia

GDP of Russia

GDP per capita in Russia

GDP per capita in Russia

Growth of GDP in Russia

Growth of GDP in Russia

Growth of GDP in Russia

Structure of GDP in Russia

Structure of GDP in Russia, %
YearFinal consumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
199069.749.020.730.130.40.046
200061.546.215.318.717.420.0
201070.251.518.722.621.68.1
201473.154.418.621.020.57.1

Structure of GDP in Russia, 2014, %

Structure of GDP in Russia, comparing to the World, +/-
YearConsumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
1990-5.4-9.44.15.16.10.28
2000-14.6-13.9-0.68-5.1-5.719.9
2010-4.9-6.21.3-1.5-1.67.3
2014-1.0-2.91.9-4.0-3.56.1

Structure of GDP in Russia, comparing to Europe, +/-
YearConsumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
1990-5.6-7.11.55.26.10.50
2000-14.5-11.0-3.5-4.1-4.618.8
2010-7.2-5.0-2.21.71.26.3
2014-3.6-1.9-1.70.990.783.6

Comparison with neighbors

GDP in Russia and its neighbors, bln. $
YearChinaJapanRussiaFinlandKazakhstanUkraineBelarusMongolia
1990396.63 103.7571.0141.529.793.618.91.7
20001 208.94 731.2259.7125.518.332.410.41.3
20106 005.45 498.71 524.9247.8148.0141.255.27.2
201410 430.64 602.41 849.9272.2216.0131.876.112.1

GDP per capita in Russia and its neighbors, $
YearFinlandJapanRussiaKazakhstanBelarusChinaMongoliaUkraine
199028 380.425 388.33 869.31 798.31 844.7343.5786.71 822.7
200024 251.937 634.41 774.01 223.01 046.8951.9549.9664.2
201046 165.143 188.210 652.09 076.75 817.64 478.42 650.33 093.5
201449 677.636 298.212 897.912 436.28 014.37 616.74 146.92 928.8

Comparison with leaders

GDP in Russia and leaders, bln. $
YearUnited StatesChinaJapanGermanyUnited KingdomRussia
19905 979.6396.63 103.71 764.91 093.2571.0
200010 284.81 208.94 731.21 950.01 554.7259.7
201014 964.46 005.45 498.73 417.12 403.61 524.9
201417 348.110 430.64 602.43 868.32 988.91 849.9

GDP per capita in Russia and leaders, $
YearUnited StatesGermanyUnited KingdomJapanRussiaChina
199023 649.022 352.919 142.225 388.33 869.3343.5
200036 355.423 810.126 410.937 634.41 774.0951.9
201048 291.542 482.538 324.443 188.210 652.04 478.4
201454 306.347 966.246 460.936 298.212 897.97 616.7

Partnership of Russia in regional organizations

Share of Russia in GDP of regional organizations, %
Organization1990200020102014
Asia-Pacific Economic Cooperation4.71.34.34.2
Commonwealth of Independent States77.777.277.476.1
Group of Twenty3.10.963.03.1
Shanghai Cooperation Organisation56.117.319.714.7

© Ivan Kushnir


E-book. World macroeconomic research, 1970-2014