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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] In January 2016, Bloomberg rated Russia's economy as the 12th most innovative in the world, [148] up from 14th in January 2015 [149] and 18th in January 2014. [150]
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. [8] [1] [11]
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]
Russia's economy has grown strongly since a small contraction in 2022, but authorities expect 2024's 4.1% growth to slow to around 1-2% this year and the central bank is not yet seeing sustainable ...
Russia’s economy has shown some cracks owing to inflation and overexposure by military-adjacent industries. But in sum, it has remained resilient despite the war being dragged on for three years.
Economic zones (Russian: экономи́ческие зо́ны), or macrozones (ма́крозо́ны), group economic regions of Russia into territories that share common economic trends. [1] Economic regions or their parts may belong to more than one economic zone.
The Russian war economy is facing a ‘moment of truth’ as Putin’s dwindling cash reserves raise odds of a financial crash, expert says. Jason Ma. Updated January 27, 2025 at 2:40 PM.
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).