Russia’s economy heavily depends on oil, gas, and metals, with state-owned firms like Gazprom and Rosneft dominating energy exports. Mining, including nickel and aluminum, is a key industry. Defense and aerospace, particularly military technology, are significant. Emerging sectors include military AI and cybersecurity, alongside Arctic resource exploration. Sanctions and geopolitical tensions challenge growth, but Russia’s vast natural resources and strategic energy exports maintain economic influence. Agriculture, especially wheat, is growing. Investments in digital infrastructure and domestic tech aim to reduce reliance on Western systems, though economic diversification remains a critical need.
Russia Economy Size
Russia’s economy, with a nominal GDP of around $1.8 trillion, relies heavily on oil, gas, and metals. Despite sanctions and geopolitical challenges, energy exports drive its economic size. Defense and agriculture also contribute significantly. Russia’s GDP supports its role as a major commodity supplier, with efforts to diversify into tech and Arctic resources shaping its economic resilience, though global isolation limits broader growth potential. See Russia GDP.
Russia Purchasing Power Parity (PPP)
Russia’s economy, with a PPP GDP of about $5.1 trillion, is significant due to oil, gas, and metals. Low domestic costs boost purchasing power, amplifying its economic size. Despite sanctions, energy exports drive its PPP GDP, supporting domestic consumption. Investments in military tech and Arctic resources enhance its scale, positioning Russia as a major commodity supplier with strong regional influence, though global isolation limits broader growth.
Russia Growth Rate
Russia’s economy is expected to grow at 1.5% in 2025. Oil, gas, and metals drive growth despite sanctions, with energy exports to Asia providing stability. Military tech and agriculture also contribute. Geopolitical tensions and limited diversification hinder progress, but domestic demand and resource wealth sustain modest expansion. Russia’s economic resilience relies on strategic trade pivots and Arctic resource development.
Russia Inflation
The Russia’s inflation is high at 5.5%, fueled by sanctions and energy export disruptions. Currency depreciation and import restrictions raise food and goods prices. Domestic demand and military spending add pressure, while strategic trade shifts to Asia mitigate some costs. Limited diversification keeps inflation elevated, though state controls on key sectors temper extreme spikes, maintaining challenging but stable price growth.
