GDP in local currency terms reached 110,046 RUB bil in 2019 in Russia, according to the National Statistical Office. This is 5.18 % more than in the previous year.
Historically, GDP in local currency terms in Russia reached an all time high of 110,046 RUB bil in 2019 and an all time low of 0.573 RUB bil in 1989. When compared to Russia's main peers, GDP in local currency terms in China amounted to 99,493 CNY bil, 3,449 EUR bil in Germany, 553,760 JPY bil in Japan and 21,433 USD bil in USA in 2019.
Russia has been ranked 18th within the group of 174 countries we follow in terms of GDP in local currency terms.
GDP at purchaser's prices is the sum of the gross value added to the economy by all resident producers, plus any product taxes and minus any subsidies not included in the value of the products.