In 2023, Russia’s Gross National Income per capita reached 14250 USD, and, consequently, Russia was classified as a high-income country for the first time since 2015. Real GDP per capita growth accounted for 3.6, while GNI per capita grew by 11.2% in 2023, clearly demonstrating successful macroeconomic policy conducted despite external pressure. Among key factors that contributed to economic growth in 2023 are trade (+6.8%), the financial sector (+8.7%), and construction (+6.6%). The most recent release of data from the International Comparison Program indicates that Russia became the 4th largest economy (GDP PPP) globally in 2021.
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