ECON FACTBOOK

Home About

Economy of Russia

Population: 143 million in 2012¹

GDP: $2.10 trillion in 2013²

GDP per capita: $14,612 nominal³ ($24,120 PPP⁴) in 2013

GDP growth rate: 0.6% in 2014⁵

Industries

GDP by Industry 2013⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	484	29.9%
Wholesale, retail trade, restaurants and hotels	333	20.6%
Manufacturing	251	15.5%
Mining and utilities	238	14.7%
Transport, storage and communication	135	8.4%
Construction	106	6.5%
Agriculture, hunting, forestry, fishing	71	4.4%
Total value added	1,617	100%

Employment

Unemployment rate: 5.6% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Wholesale trade, retail trade and repair of motor vehicles	12,414	18.3%
Manufacturing	9,995	14.7%
Agriculture, hunting and forestry	6,292	9.3%
Real estate and rental	5,775	8.5%
Construction	5,704	8.4%
Education	5,601	8.3%
Transport, storage and communications	5,449	8.0%
Health and social work	4,520	6.7%
Public administration and defense	3,708	5.5%
Other community, social and personal services	2,570	3.8%
Electricity, gas and water supply	1,940	2.9%
Hotels and restaurants	1,272	1.9%
Financial intermediation	1,260	1.9%
Mining and quarrying	1,083	1.6%
Fishing	138	0.2%
Total employment	67,785	100%

Corporations

Top 8 Corporations by Revenue 2013* ⁹

Rank	Corporation	Revenue ($ billions) 2013	Profit ($ billions) 2013	Assets ($ billions) 12/31/13	Industry
1	Gazprom	87	21.5	222	Energy
2	Rosneft Oil	78	9.0	125	Energy
3	Lukoil	77	4.1	59	Energy
4	Sberbank	29	6.0	302	Finance
5	Sistema	20	1.3	23	Diversified
6	VTB Bank	14	1.7	145	Finance
7	Surgutneftegas	13	4.2	35	Energy
8	Russian Grids	13	-2.1	32	Energy

* Corporate data calculated using the exchange rate 60.3 RUB = 1 USD

Households

Household Wealth: $2.16 trillion (103% of GDP) in 2014¹⁰

Household Wealth per Adult: $19,586 in 2014¹⁰

Gini Coefficient: .42 in 2012¹¹

Government

Central Government

Central Government Revenue: $439 billion (21% of GDP) in 2013¹²

Central Government Expenditure: $450 billion (22% of GDP) in 2013¹²

Central Government Budget Balance: -$11 billion (-1% of GDP) in 2013¹²

Central Government Public Debt: $135 billion (6% of GDP) in Q2 2014* ¹³

Central Government 10 Year Bond Interest Rate: 13% in Dec 2014¹⁴

* Public debt calculated using the exchange rate 60.3 RUB = 1 USD

Public Funds

Reserve Fund: $92 billion (4% of GDP) in 2014¹⁵

National Welfare Fund: $88 billion (4% of GDP) in 2014¹⁵

Tax Structure

Personal Income Tax Rates and Thresholds in 2013 ¹⁶

13%: $0+

Corporate Tax Rate: 20% in 2014¹⁷

Monetary Policy

Monetary Base (M0): $115 billion (5% of GDP) in Dec 2014* ¹⁸

Benchmark Interest Rate: 17% on Jan 19, 2014¹⁹

Total Reserves: $510 billion (24% of GDP) in 2013²⁰

Exchange Rate: 60.3 Russian Rubles = 1 U.S. Dollar²¹

Inflation: 16.7% in Feb 2015²²

* Monetary base calculated using the exchange rate 60.3 RUB = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²³

N/A (data not available at Relbanks.com)

International Accounts

Exports: $515 billion (24% of GDP) in 2013²⁴

Imports: $341 billion (16% of GDP) in 2013²⁴

Trade Balance: +$174 billion (+8% of GDP) in 2013²⁴

Foreign Direct Investment Inflow: $54 billion (3% of GDP) in 2013²⁵

Foreign Direct Investment Outflow: $70 billion (3% of GDP) in 2013²⁵

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $543 million (0.03% of GDP) in 2013²⁶

References

^{1. Source: World Bank Indicators (Population) Go back}
^{2. Source: World Bank Indicators (GDP) Go back}
^{3. Source: World Bank Indicators (GDP per capita) Go back}
^{4. Source: World Bank Indicators (GDP per capita PPP) Go back}
^{5. Source: IMF World Economic Outlook (GDP growth rate) Go back}
^{6. Source: United Nations Statistics Division (GDP by industry) Go back}
^{7. Source: World Bank Indicators (Unemployment rate) Go back}
^{8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back}
^{9. Source: Annual reports (Corporate data) Go back}
^{10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back}
^{11. Source: CIA World Factbook (Gini coefficient) Go back}
^{12. Source: CIA World Factbook (Government budget) Go back}
^{13. Source: OECD Stat Extracts, National Accounts, Quarter Public Sector Debt (Public debt) Go back}
^{14. Source: CNBC (Government bond yield) Go back}
^{15. Source: ESADE Sovereign Wealth Funds (Public funds) Go back}
^{16. Source: Confederation Fiscale Europeenne (Individual tax rates) Go back}
^{17. Source: Tax Foundation (Corporate tax rate) Go back}
^{18. Source: Central Bank of the Russian Federation, Money Supply (National Definition) (Money supply) Go back}
^{19. Source: Central Bank of the Russian Federation (Benchmark interest rate) Go back}
^{20. Source: World Bank Indicators (Total reserves) Go back}
^{21. Source: Yahoo Finance (Exchange rate) Go back}
^{22. Source: Bloomberg (Inflation rate) Go back}
^{23. Source: Relbanks.com (Financial institutions by assets) Go back}
^{24. Source: CIA World Factbook (Trade data) Go back}
^{25. Source: OECD FDI in Figures (FDI data) Go back}
^{26. Source: Global Humanitarian Assistance (Aid outlfow) Go back}