Russia economy graph showing purchasing power parity (PPP) growth from 2000 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
Russia’s GDP per capita (PPP) in 2023 was approximately $33,000, indicating an upper-middle-income economy. The Russian economy is heavily based on energy exports, particularly oil and natural gas, along with manufacturing and defense industries.