Russian Federation

The Russian Federation (Russia) is a federal republic located in northern Eurasia, with its capital in Moscow. Possessing a vast territory, it is positioned as a country with significant influence in the regional and global economies.

Looking at trends in economic scale and growth rates, the total population as of 2025 is approximately 143.51 million people (down 0.1% year-on-year). Nominal GDP (in US dollars) reached approximately 2.5613 trillion dollars, an increase of 17.1% year-on-year, and nominal GDP per capita was 17,547 dollars, an increase of 17.3% year-on-year. On the other hand, the real GDP growth rate stood at 1.0% (down 3.9 pt from the previous year), and the real GDP growth rate per capita was 1.1% (down 3.9 pt from the previous year), indicating a slowdown in economic expansion on a real basis. In terms of price and financial conditions, consumer price inflation in 2025 remained at a high level of 8.7% (up 0.3 pt from the previous year), while the real interest rate as of 2024 was recorded at 5.8% (up 1.2 pt from the previous year).

Regarding external relations as well as fiscal and labor market trends, trade (to GDP ratio) in 2025 was 33.7% (down 5.7 pt from the previous year), and the current account balance (to GDP ratio) was 1.5% (down 1.4 pt from the previous year). In the labor market, the unemployment rate stood at an extremely low level of 2.1% (as of 2025, down 0.3 pt from the previous year). Additionally, government debt (to GDP ratio) as of 2024 was maintained at a healthy level of 17.9% (down 0.9 pt from the previous year).