National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Russia
Annual
RUSEXPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,301,457,200,000.00
Year-over-Year Change
112.20%
Date Range
1/1/2003 - 1/1/2020
Summary
The Annual trend measures Russia's exports of goods and services as a percentage of its gross domestic product (GDP). This metric is a key indicator of a country's international trade and economic integration.
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
The Annual trend represents Russia's exports of goods and services as a proportion of its GDP. It provides insight into the importance of international trade to the Russian economy and how it has evolved over time.
Methodology
The data is collected and calculated by the World Bank based on national accounts and balance of payments information.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess Russia's economic performance and global competitiveness.
Key Facts
- Russia's exports reached a high of 54% of GDP in 2011.
- Exports declined to 25% of GDP in 2020 due to the COVID-19 pandemic.
- Energy products make up over 60% of Russia's total exports.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures Russia's exports of goods and services as a percentage of its gross domestic product (GDP), providing insight into the importance of international trade to the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of a country's international trade and economic integration, and is widely used by economists, policymakers, and market analysts to assess Russia's economic performance and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and balance of payments information.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to evaluate Russia's economic openness, trade dependence, and vulnerability to external shocks, informing decisions on trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The Annual trend is updated annually by the World Bank, with a lag of approximately one year. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Annual (RUSEXPORTADSMEI), retrieved from FRED.