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While the government has poured an estimated 2.75 to 3 trillion rubles (equivalent to 1.4-1.6% of Russia's expected GDP in 2024) into payments for soldiers, the wounded, and families of the ...
According to the World Bank, imports of goods and services accounted for 21.3% of Russia's gross domestic product (GDP) in 2021, [303] while exports made up 30.9%. [304] Russia has trade-to-GDP ratio (trade openness) 49.26% [305] which is below the global average. In a December 2022 study, an economist from the Bank of Russia's Research and ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
Russia's economy could be losing as much as 3% of its GDP a year due to Western sanctions, a European economist estimates. Russia's economy faces 'near stagnation' with sanctions whittling down ...
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 ...
Services account for roughly 54% of total GDP, followed by industry (33%), while the agricultural sector is the smallest, at less than 4% of total GDP. [372] Russia has a labour force of roughly 70 million, which is the world's eighth-largest, [373] and a low official unemployment rate of 4.1%. [374]
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology.