Russia

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ECONOMIC OUTLOOK

Growth Forecast in the Russian Federation

https://www.worldbank.org/en/region/eca/publication/europe-and-central-asia-economic-update

Growth is projected to decelerate to 0.9% in 2025, and remain at around 1% during 2026–2027.

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RUS

BY THE NUMBERS: RUSSIA

Explore More Data

https://data360.worldbank.org/en/economy/RUS

Russia

Source

Dataset

Go to Data 360

Compare with benchmark region data

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Poverty headcount ratio at $3.00 a day

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OVERVIEW: RUSSIA

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About

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About

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The Russian Federation is classified as a high-income country with a population of over 143 million people as of 2024. It spans both Europe and Asia and shares borders with 14 countries. Russia is one of the world's largest grain producers with an industrialized mixed market economy. The country is also rich in natural resources, possessing significant deposits of hydrocarbons such as oil, natural gas, and coal, along with bauxite, gold, nickel, and other minerals.

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Economy

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Economy

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Growth in the Russian Federation is expected to decrease to an average of 1.3% in 2025 and 2026. This rate is nearly three times slower than the growth projected for 2024 and is below the 2% average growth experienced from 2010 to 2019. The decline can be attributed to several factors, including capacity constraints, increasing borrowing costs, stricter sanctions, and lower energy prices.

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Development

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Development

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The Russian Federation joined the International Bank for Reconstruction and Development in June 1992. However, the World Bank Group has not approved any new loans or investments in Russia since 2014 and ceased all its programs in the country as of March 2, 2022, following the invasion of Ukraine.

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THE LATEST FROM RUSSIA

Find the latest insights and research on the Russian Federation’s economy below:

See all News

See all Research & Publications

See all IFC Updates

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RESEARCH & PUBLICATIONS

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More Research & Publications

https://openknowledge.worldbank.org/search?query=russian-federation

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REGIONAL ECONOMIC UPDATE

JOBS AND PROSPERITY

Jobs and Prosperity

Growth in the developing economies of Europe and Central Asia is expected to slow from 3.7% in 2024 to 2.4% in 2025, driven primarily by a weaker pace of expansion in the Russian Federation.

https://www.worldbank.org/en/region/eca/publication/europe-and-central-asia-economic-update

Read Full Report

https://www.worldbank.org/en/region/eca/publication/europe-and-central-asia-economic-update