National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Russia
NAEXKP01RUQ652S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,105,679,680,000.00
Year-over-Year Change
3.19%
Date Range
1/1/2003 - 7/1/2021
Summary
The 'National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Russia' metric tracks the total value of goods and services produced in Russia, adjusted for inflation. It serves as a key indicator of the Russian economy's overall performance and health.
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
This economic indicator represents Russia's real gross domestic product (GDP), a measure of the country's total economic output. It is a widely referenced statistic used by policymakers, analysts, and investors to assess the scale and growth of the Russian economy over time.
Methodology
The data is collected and calculated by the Russian Federal State Statistics Service based on national accounting principles.
Historical Context
This GDP trend is closely monitored by the Central Bank of Russia and referenced in its monetary policy decisions.
Key Facts
- Russia's GDP totaled over $1.7 trillion in 2021.
- GDP growth in Russia averaged 1.7% annually from 2010-2020.
- The services sector accounts for over 60% of Russia's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of goods and services produced in Russia, adjusted for inflation. It represents the country's real gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: Russia's GDP is a widely referenced statistic used by policymakers, analysts, and investors to assess the scale and growth of the Russian economy over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Russian Federal State Statistics Service based on national accounting principles.
Q: How is this trend used in economic policy?
A: This GDP trend is closely monitored by the Central Bank of Russia and referenced in its monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological practices of the Russian Federal State Statistics Service.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Russia (NAEXKP01RUQ652S), retrieved from FRED.