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The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before rebounding moderately in 2009.
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).
The Volga economic region accounted for almost 8 percent of Russia's national GRP in 2008. Popular approval of economic change is well above average in this region, both in terms of the rating of the national economy and the expectation of improvements in their own lives and in the household economy.
The share of oil and gas in Russia's exports (about 50%) and federal budget revenues (about 50%) is large, and the dynamics of Russia's GDP are highly dependent on oil and gas prices, [220] but the share in GDP is much less than 50%. According to the first such comprehensive assessment published by the Russian statistics agency Rosstat in 2021 ...
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For 2025, the Kremlin has earmarked 13.5 trillion roubles ($145 billion) or 6.3% of Russia’s GDP on defense, hinting at a long-drawn war ahead and outstripping education and healthcare spending.
North Caucasus economic region accounted for almost 6 per cent of the national GRP in 2008. This region includes the most troubled part of the Russian Federation, the Chechen Republic, and other republics where ethnic tensions are high. Economic capacities are far lower than the average for the country as a whole.
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 ...