Gross Domestic Product for Russian Federation
MKTGDPRUA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,173,835,806,671.66
Year-over-Year Change
-1.56%
Date Range
1/1/1988 - 1/1/2024
Summary
Gross Domestic Product (GDP) for the Russian Federation measures the total economic output of the country. It is a key indicator used by economists and policymakers to assess the health and growth of the Russian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is the broadest measure of a country's economic activity, representing the total value of all goods and services produced within the country's borders over a specific time period. It is a widely tracked metric that helps economists and analysts understand Russia's economic performance and trends.
Methodology
GDP data for Russia is collected and calculated by the World Bank using national accounts data.
Historical Context
Russian GDP data is closely monitored by international institutions, markets, and policymakers to gauge the strength of the Russian economy.
Key Facts
- Russia is one of the world's largest economies.
- GDP growth is a key target for Russian economic policy.
- Oil and gas exports are major drivers of the Russian economy.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for the Russian Federation measures the total economic output of the country, including the value of all goods and services produced within Russia's borders.
Q: Why is this trend relevant for users or analysts?
A: Russian GDP is a critical indicator used by economists, policymakers, and investors to assess the overall health and growth of the Russian economy.
Q: How is this data collected or calculated?
A: The GDP data for Russia is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Russian GDP data is closely monitored by the government, central bank, and international institutions to inform economic and policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in the availability of the most recent Russian GDP data due to the time required for collection and reporting.
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Citation
U.S. Federal Reserve, Gross Domestic Product for Russian Federation (MKTGDPRUA646NWDB), retrieved from FRED.