Russian Federation: Trade (% of GDP)
In , Russian Federation's Trade (% of GDP) was 39.51.
That's down 3.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Russian Federation ranks #146 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #48 of 49.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 56.71
- Trough
- 39.51
- 1-year change
- -3.2%
- 5-year change
- -19.7%
- -4.3% / yr
- 10-year change
- -17.3%
- -1.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 39.5082 | |
| 40.8343 | |
| 42.7828 | |
| 50.5862 | |
| 45.9669 | |
| 49.2288 | |
| 51.5809 | |
| 46.8765 | |
| 46.5181 | |
| 49.3593 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Russian Federation's Trade (% of GDP) in 2024?
- In 2024, Russian Federation's Trade (% of GDP) was 39.51, according to World Bank Open Data.
- Is Russian Federation's Trade (% of GDP) rising or falling?
- Russian Federation's Trade (% of GDP) fell 3.2% from 2023 to 2024.
- How does Russian Federation rank globally on Trade (% of GDP)?
- In 2024, Russian Federation ranked #146 out of 160 countries reporting Trade (% of GDP).
- How does Russian Federation's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Russian Federation is below the world average. Within Europe & Central Asia, it ranks #48 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.