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The economy of Russia has gradually transformed from a planned economy into a mixed market-oriented economy. It is classified by the World Bank as a high-income country. It has enormous allocations of natural resources, particularly in terms of Russian natural gas and oil reserves, and thus significant economic power exists in its exports.
Historical background. For about 69 years, the Russian economy and that of the rest of the Soviet Union operated on the basis of a centrally planned economy, with a state control over virtually all means of production and over investment, production, and consumption decisions throughout the economy. Economic policy was made according to ...
according to International Monetary Fund estimates [n 1] [1] Countries by estimated nominal GDP in 2024. [n 2] > $20 trillion. $10–20 trillion. $5–10 trillion. $1–5 trillion. $750 billion – $1 trillion. $500–750 billion. $250–500 billion.
The International Monetary Fund predicts that Russia will record economic growth of 3.2% this year. Caveats aside, that’s still more than in any of the world’s advanced economies ...
The economy of the Russian Empire covers the economic history of Russia from 1721 to the October Revolution of 1917 (which ushered in a period of civil war, culminating in the creation of the Soviet Union). Russian national income per capita increased and moved to closer to the most developed economies of Northern and Western Europe from the ...
“This is the closest we came to a real economic problem since the start of the war,” Janis Kluge, an expert in the Russian economy at the German Institute for International and Security ...
Agriculture in Russia. Agriculture in Russia is an important part of the economy of the Russian Federation. The agricultural sector survived a severe transition decline in the early 1990s as it struggled to transform from a command economy to a market-oriented system. [1] Following the breakup of the Soviet Union in 1991, large collective and ...
Shadow economy of Russia. Shipbuilding in Russia. Shock therapy (economics) Shuttle trade. Social entrepreneurship in Russia. Social Insurance Fund of the Russian Federation. Sovznak. Space industry of Russia. Stabilization Fund of the Russian Federation.