The economy of Russia is an emerging and developing, [2] high-income, [27] industrialized, [28] mixed market-oriented economy. [29] It has the eleventh-largest economy in the world by nominal GDP and the fourth-largest economy by GDP (PPP). [5] Due to a volatile currency exchange rate, its GDP measured in nominal terms fluctuates sharply. [30]

Dec 25, 2024 · Russia's economy will be under significant strain next year, economists told Business Insider. High inflation, slowing economic growth, energy prices, and sanctions could hurt its war machine.

Nov 13, 2024 · Russia's tight monetary policy is costing businesses profitability and risks spurring bankruptcies. Moscow's failed attempt to stamp out inflation is driving the country toward its worst-case...

Dec 20, 2024 · From inflation, to GDP, imports, budget spending and labor shortages, we look at the Russian economy this year and try to assess how it is coping in nine graphs: Russia’s economy performed a bit like a marathon runner on steroids in 2024. But the effect of the drugs is already beginning to wear off.

Jan 2, 2025 · The resilience of the Russian economy was built on three foundations: deep pre-war reserves, stable revenue from oil and gas sales and limiting the impact of the war on the civilian economy.

Apr 16, 2024 · An influential global body has forecast Russia's economy will grow faster than all of the world's advanced economies, including the US, this year. The International Monetary Fund …

Nov 18, 2024 · Americans have spent the last few years complaining about inflation. But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. Butter,...

Dec 21, 2024 · Russia's economy will be ground to a halt by 2026, a think tank said this week. Massive government spending on defense is costing other sectors, Alexandra Prokopenko wrote. Businesses are...

Oct 31, 2024 · Economists are now warning that the Russian economy is in danger of overheating, largely as a result of unprecedented military spending. Meanwhile, Russia’s low unemployment rate of around 2.5 percent is more indicative of a severe labor shortage than a healthy economy.

The World Bank’s Russia Economic Report analyzes recent economic developments, presents the medium-term economic outlook, and provides an in-depth analysis of a particular topic. Global activity is now moderating after a strong recovery from the pandemic-induced recession.