Russia



About Russia

Russian economy was the sixth largest in the world by PPP and twelfth largest at market exchange rates and  Russia's economy as the 12th most innovative in the world. Russia is the 13th largest export economy in the world and the 49th most complex economy . In 2015, Russia exported $316B and imported $184B, resulting in a positive trade balance of $132B. In recent year the GDP of Russia was $1.33T and its GDP per capita was $24.5k.

Russia is considered an "energy superpower". The World Bank estimates the total value of Russia's natural resources at $75 trillion US dollars. Russia has an abundance of oil, natural gas and precious metals which leads to exports. Russia has the world's largest proven natural gas reserves and the largest exporter of natural gas. It is also the second-largest exporter of petroleum.

In Russia, services are the biggest sector of the economy and account for 58% of GDP. Russia is also a leading producer and exporter of minerals and gold. Russia is the largest diamond-producing nation in the world. Russia has a large and sophisticated arms industry.