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While in 2014 GDP growth remained positive at 0.6%, [144] in 2015 the Russian economy shrunk by 3.7% and was expected to shrink further in 2016. [145] By 2016, the Russian economy rebounded with 0.3% GDP growth and officially exited recession. The growth continued in 2017, with an increase of 1.5%. [146] [147]
After the dissolution of the Soviet Union in 1991 and the end of its centrally-planned economy, the Russian Federation succeeded it under president Boris Yeltsin.The Russian government used policies of shock therapy to liberalize the economy as part of the transition to a market economy, causing a sustained economic recession.
Tyumen Oblast has largest GRDP per capita in Russia of around US$ 49,000 while Ingushetia has lowest of around US$ 2,000. [1] In 2022, Moscow GRDP per capita reached US$ 30,000 while Saint Petersburg stood at US$ 27,000. [1] Federal subjects of Russia by GRDP per capita in EUR (2021) Federal subjects of Russia by GRDP per capita in RUB (2022) [1]
It's crucial to approach Russian economic data with skepticism. As we’ve repeatedly highlighted, the country's statistical services have a documented history of distorting economic indicators ...
Russia's latest economic figures show it had a strong 2024. But economists are suspicious, believing its data don't stand up to scrutiny and is inflated. This week, Trump threatened high tariffs ...
This article is a list of Russian federal subjects by Gross regional domestic product (GRDP). Top 10 Russian federal subjects by largest GDP Russian GDP divided into 2 equal parts. 50% of Russian economy is concentrated in only 10% of Russian area or only 2 federal districts (which together contain nearly half of Russia's population).
Russia's economy rebounded sharply from a slump in 2022, annual data will show on Wednesday, but the growth relies heavily on state-funded arms and ammunition production and masks problems that ...
This is a list of Russian federal districts by GDP measures counted in PPP or Nominal. The Central Federal District, North Caucasian Federal District, Northwestern Federal District, Southern Federal District and the Volga Federal District are counted for the European part of Russia, while the Far Eastern Federal District, Siberian Federal District and Ural Federal District are counted for the ...