🇷🇺 Russian Federation Gross value added at basic prices

Russian Federation Gross value added at basic prices was $1.48T in 2024, up 4.4% from 2023, according to World Bank data. The 10-year average is $1.32T. Historical data available from 1990 to 2024 (35 data points). The all-time high was $1.48T in 2024.

Source: World Bank World Development Indicators • 1990202435 data pointsEconomy & Growth

Latest Value
$1.48T
2024
Year-on-Year
+4.4%
vs 2023
10-Year Average
$1.32T
20152024
Range
High: $1.48T (2024)
Low: $600.06B (1998)

Russian Federation Gross value added at basic prices (GVA) (constant 2015 US$)1990 to 2024

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About this Indicator

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Historical Data Table

YearValue
2024$1.48T
2023$1.41T
2022$1.36T
2021$1.36T
2020$1.28T
2019$1.31T
2018$1.29T
2017$1.25T
2016$1.23T
2015$1.22T

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