Flag of ru

Russia GDP Annual Growth Rate

Russia's GDP annual growth rate rose to 4.34% in 2024, up from 4.08% in 2023, according to World Bank. This represents an increase of 0.26% from the previous year. Russia has GDP annual growth rate higher than the global median (4.34% vs median 3.24%). Compared with the median in Europe, Russia is higher (4.34% vs regional median 2.10%) and ranks 5th out of 47 countries in Europe.

Russia's real GDP rose to $1.61 trillion in 2024, up from $1.55 trillion in 2023.

Yearly Historical Data (1990-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 4.34%
2023 4.08%
2022 -1.44%
2021 5.87%
2020 -2.65%
2019 2.2%
2018 2.81%
2017 1.83%
2016 0.19%
2015 -1.97%
2014 0.74%
2013 1.76%
2012 4.02%
2011 4.3%
2010 4.5%
2009 -7.8%
2008 5.2%
2007 8.5%
2006 8.2%
2005 6.4%
2004 7.2%
2003 7.3%
2002 4.7%
2001 5.1%
2000 10%
1999 6.4%
1998 -5.3%
1997 1.4%
1996 -3.76%
1995 -4.14%
1994 -12.57%
1993 -8.67%
1992 -14.53%
1991 -5.05%
1990 -3%
Russia GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Russia's total economic output.
Indicator Last Value Prior Value Period
GDP $2.17T $2.07T 2024
GDP Growth Rate (YoY) 1.1% 1.4% Jun'25
GDP per Capita $11,043.26 $10,562.03 2024
GDP per Capita PPP $41,704.71 $39,887.34 2024
R&D Expenditure (% GDP) 0.93% 0.96% 2022
Real GDP $1.61T $1.55T 2024