Russia

World Rank 8 12.42 Russia flag svg
Capital
Area
Currency
Moscow
17,098,246 km 2
Russian ruble (RUB)

Table of Contents

Introduction

The Russian Federation, also known as The Motherland, is the largest country in Europe. It is also a transcontinental nation with land covering Eastern Europe and Northern Asia. It starts at the Baltic Sea, goes through the Arctic Ocean in the north and the Black, Acov, and Caspian Seas in the south, and ends on the Pacific Ocean in the east.

All of that gives them more than 17 million square kilometers of land, which is more than one-eighth of the Earth's inhabited land area. It gives them the first place in land coverage and the ninth place in terms of population.

Economy

Although Russia is considered to be the most populous country in Europe, they aren’t the wealthiest. With the Gross Domestic Product at $4.28 trillion, they are second behind Germany. In terms of GDP growth, we can notice an increase of 1.3% in 2019, which is a considerable improvement for a developed nation.

Unfortunately, such a large population with “only” sixth largest general GDP makes them very poor in the rankings of GDP per capita. Every Russian can hope for $29,180 on average, which is considerably less than in most other European nations. Its GDP per capita growth was also moderate, because in 2019 it was at around 1.4%.

Noteworthy is the fact that exports and imports of a variety of merchandise is also relatively low for such a large country. They export 28% of their entire GDP, which is around $0.48 trillion. In the case of import, they require much less than they demand because they receive $350 billion worth of merchandise, which is only 20% of their entire GDP.

Population

As a result of an incredibly large total land area, which is around 17 million square kilometers, their density is relatively low. It is only 8.4 Russians per square kilometer, giving them 225th place in terms of density. However, they are ninth in terms of population in general, because there are approximately 146 million people that live there.

However, due to the large number of regions that Russian Federation covers, there is huge diversity in terms of ethnicity. Most of them are, obviously, Russians (81%). However, other pretty large ethnic groups are Tatars (4%), Ukrainians (1.4%), and Bashkir (1.1%).

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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#11 (2020)
1,483,497,784,867 US$

List of countries by GDP

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

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External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

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Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)