Gross Domestic Product Per Capita for Russian Federation
PCAGDPRUA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,889.02
Year-over-Year Change
-3.33%
Date Range
1/1/1988 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita measures the economic output of a country divided by its population. It is a key metric for assessing a country's economic health and living standards.
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 per capita for the Russian Federation provides insights into the overall productivity and development of the Russian economy. It is widely used by economists, policymakers, and analysts to evaluate the country's economic performance and living conditions.
Methodology
The World Bank calculates GDP per capita based on official GDP and population data.
Historical Context
GDP per capita trends are important for understanding a country's economic growth, competitiveness, and potential for future development.
Key Facts
- Russia's GDP per capita was $11,585 in 2021.
- GDP per capita growth in Russia averaged 2.4% annually from 2000 to 2021.
- Russia's GDP per capita is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: Gross Domestic Product (GDP) per capita measures the total economic output of a country divided by its population, providing insights into overall productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key metric used by economists, policymakers, and analysts to evaluate a country's economic performance, development, and living conditions.
Q: How is this data collected or calculated?
A: The World Bank calculates GDP per capita based on official GDP and population data.
Q: How is this trend used in economic policy?
A: GDP per capita trends are important for understanding a country's economic growth, competitiveness, and potential for future development, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of several months.
Related Trends
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Russian Federation
RUSFCIODDNUM
Infra-Annual Labor Statistics: Unemployment Male: 15 Years or over for Russia
LFUNTTMARUQ647N
Consumer Price Index: Communication (COICOP 08): Total for Russia
RUSCP080000IXNBM
Nominal Private Sector, Changes in Inventories for Russia
NINVPNSAXDCRUQ
International Trade: Exports: Value (Goods): Total for Russia
XTEXVA01RUQ188S
Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Russia
LFACTTTTRUM647S
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Russian Federation (PCAGDPRUA646NWDB), retrieved from FRED.