The Russian economy suffered a setback from 2015 to 2021. Nominal GDP and Per Capita GDP both contracted.
Household Per Cap Income continues to remain low.
Year Nominal GDP Household per cap Income
In 2025, $2.196 trillion. tbd
In 2024, $2.098 trillion $8,179
In 2023 $2.010 trillion $7,550
In 2022 $2.266 trillion $8,303
In 2021 $1.843 trillion $6,506
In 2020 $1.493 trillion $5,980
In 2019 $1.693 trillion $6,531
In 2018 $1.657 trillion $6,345
In 2017 $1.570 trillion $6.523
In 2016 $1.358 trillion $5,497
In 2015 $1.597 trillion $5,935
In 2014 $1.780 trillion $8.546
https://www.ceicdata.com/en/indicator/russia/annual-household-income-per-capita#:~:text=Russia
https://www.google.com/search?q=russia+nominal+gdp
Population of Russia (2025 and
historical)
|
Year |
Population |
Yearly Change |
|
2025 |
143,997,393 |
−823,030 |
|
2024 |
144,820,423 |
−620,077 |
|
2023 |
145,440,500 |
−139,399 |
|
2022 |
145,579,899 |
−395,700 |
The Russian population is
declining.
https://www.google.com/search?q=russia+population
In January 2025, Russia's
national government debt was $291.7 billion.
https://www.google.com/search?q=russia+national+debt+in+usd+2025
In 2025, Russia's national
debt is projected to be 20.41% of its GDP.
https://www.google.com/search?q=russia+national+debt+to+gdp+in+usd
From 2020 to present, Russia
has consistently maintained a trade surplus, indicating its exports exceed its
imports. In 2020, Russia's trade balance was $75.81
billion. This significantly increased to $172.28 billion in 2021 and
further to $289.89 billion in 2022. Recent data shows a narrowed surplus in
December 2024, but still remaining positive.
https://www.google.com/search?q=russia+imports+exports+trade+balance+2020+to+present
In the period from 2024 to
2025, Russia's trade balance saw a significant shift, with a narrowing of the
trade surplus and changes in import and export
trends. Overall, Russia's trade surplus decreased from $124.6 billion
in January-October 2024 to $10.5 billion in February 2025. This was primarily
due to a decrease in exports and a slight increase in imports.
https://www.google.com/search?q=russia+imports+exports+trade+balance+2024+to+2025
The European Union (EU) and
our 27 Member States remain united and determined in our unprecedented support
for Ukraine. Since the start of the war, the EU and our Member States have
made available close to $155 billion* in financial, military, humanitarian,
and refugee assistance, of which 65% have been provided
as grants or in-kind support and 35% in the form
of highly concessional loans.
https://www.eeas.europa.eu/delegations/united-states-america/eu-assistance-ukraine-
Comments
Russia will continue to export oil and natural gas to China and trade will be limited to their allies. The increase in Russia’s per capita GDP suggests that Russia is in a “War Economy”. Ukraine’s insistence on retaking Crimea is an issue. The EU support for Ukraine is limited to half of what the US has already paid. The odds on ending the Ukraine War are 50-50.
Russia, China and their allies may need to increase food production and produce what they consume.
Norb Leahy, Dunwoody GA Tea Party Leader
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