Real GDP at Constant National Prices for Russian Federation
RGDPNARUA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,052,184.50
Year-over-Year Change
16.80%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Russian Federation' measures the total economic output of Russia, adjusted for inflation. It is a key indicator used by economists and policymakers to assess Russia's economic performance and growth over time.
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 trend represents the real, inflation-adjusted Gross Domestic Product (GDP) of Russia. GDP is the total value of all goods and services produced within a country's borders, and is a widely used metric for evaluating the size and health of a national economy.
Methodology
The data is collected and calculated by the World Bank using established national accounting standards.
Historical Context
This trend is closely monitored by global investors, international organizations, and national governments to understand Russia's economic conditions and outlook.
Key Facts
- Russia is the world's 11th largest economy by GDP.
- Real GDP growth in Russia averaged 1.7% from 2010-2019.
- The Russian economy contracted by 2.7% in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total real, inflation-adjusted output of goods and services produced within the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a country's economic health and growth, making this trend essential for economists, investors, and policymakers to monitor Russia's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using established national accounting standards.
Q: How is this trend used in economic policy?
A: Governments, central banks, and international organizations closely track Russia's real GDP to assess the state of the economy, formulate fiscal and monetary policies, and make informed decisions about trade, investment, and other economic matters.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Russian Federation (RGDPNARUA666NRUG), retrieved from FRED.