Russian - Arab Foundation For Trade & Investment Support
Russian Economy
Russian Economy
With the aim of improving the business and investment environment, the Russian government in recent years has taken prudent economic policies and made efforts to advance structural reforms through major projects and the development of vital sectors such as retail trade, agriculture, telecommunications, energy industry, food processing and pharmaceuticals.
In addition, Russia has the fourth largest foreign exchange reserves after China, Japan and Switzerland, and has a relatively low level of foreign debt.
Russia Is The 6th Largest Economy In The World
$ 4,447.48 billions
Purchasing Power Parity, GDP (PPP), 2021
Public Debt
$ 302,218 million
17.02% of GDP, 2021
Inflation Rate
6.7%
Foreign Direct Investment FDI,
Net Inflows
$ 32 billion in 2019
$ 10 billion in 2020, plummeted by 70% due to the COVID-19 pandemic
Ranking on The International Indicators
FDI Inflows (2021)
9th
Within Top 10 Countries
*Source: UNCTAD
Ease of Doing Business (2019)
28th
Out of 190 Countries
Some Facts About Russia
The 2nd Largest Producer of Sunflower Oil in The World After Ukraine
The world’s 1st in the export of wheat
The 3rd Country in The World in Potato Production After China and India
The 4th Country in The World in Meat Production After China, USA and Brazil
The 1st Country in The World in Palladium Production
The 1st Country in The World in Diamond Production
The 1st Country in The World in Terms of Gas Reserves
The 2nd Country in The World in Platinum Production After South Africa
The 2nd Country in The World in Resource of Fresh Water After Brazil
The 2nd Country in The World in Aluminium Production After China
The 3rd Country in The World in Gold Production After China and Australia
The 3rd Country in The World in Nickel Production After Indonesia and Philippines