National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Russia
RUSGDPNQDSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,706,202,000,000.00
Year-over-Year Change
23.99%
Date Range
1/1/2003 - 7/1/2021
Summary
The 'National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Russia' series measures the total value of economic output in Russia, adjusted for inflation. This metric is a key indicator of the overall health and performance 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
Gross Domestic Product (GDP) is the standard measure of a country's economic activity, representing the total value of all goods and services produced within its borders. The GDP by Expenditure data for Russia provides a detailed breakdown of GDP components like consumption, investment, government spending, and trade.
Methodology
The GDP data is collected and calculated by the Federal State Statistics Service of the Russian Federation.
Historical Context
GDP is widely used by policymakers, analysts, and investors to assess Russia's economic conditions and trends over time.
Key Facts
- Russia's GDP reached $1.78 trillion in 2021.
- GDP per capita in Russia was $12,170 in 2021.
- The Russian economy grew by 4.7% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Russia' series measures the total value of economic output in Russia, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: GDP is a widely used indicator of a country's economic health and performance, providing important insights for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The GDP data is collected and calculated by the Federal State Statistics Service of the Russian Federation.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors use Russia's GDP data to assess the country's economic conditions and trends, which informs decision-making and policy.
Q: Are there update delays or limitations?
A: There may be delays in the release of the latest GDP data from the Russian government statistical agency.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Russia (RUSGDPNQDSMEI), retrieved from FRED.