Gitnux/Report 2026

Russia Industry Statistics

Russia’s economy is shifting fast yet still industrially heavy, with services making up 57.4% of GDP while industrial value added holds at 32.0% and manufacturing at 15.0%. The country also runs a surprising trade and production mix, from a +$172.7 billion merchandise balance in 2023 to supplying a large slice of global energy and inputs, alongside CPI inflation averaging 7.4% and a 135.2 industrial production index in 2022.
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Russia Industry Statistics
Margot VilleneuveWritten by Margot Villeneuve·Edited by Marcus Afolabi·Fact-checked by Sarah Mitchell
Last verified Jul 10, 2026
Verified via a 4-step process
01Source

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

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Next review Jan 2027
Russia’s economy combined a $2.2 trillion nominal GDP with a -2.1% GDP contraction in 2023 and CPI inflation averaging 7.4%. Industry remains central to output, with services accounting for 57.4% of value added while manufacturing contributes 15.0% and industry as a whole makes up 32.0% of GDP in 2022. Trade stayed strongly positive, with Russia running a +$172.7 billion merchandise trade balance in 2023 alongside production pressure from energy and metals.

Key Takeaways

  • $2.2 trillion nominal GDP for Russia in 2023 (World Bank, current US$).
  • Russia’s GDP growth was -2.1% in 2023 (World Bank).
  • Russia’s GDP per capita was $14,904 in 2023 (current US$).
  • Russia’s imports were $323.3 billion in 2023 (UN Comtrade via World Integrated Trade Solution).
  • Russia’s merchandise trade balance was +$172.7 billion in 2023 (WITS).
  • Russia’s outbound FDI outflows were $5.0 billion in 2023 (UNCTAD).
  • Russia produced 14.0 million metric tons of crude steel in 2022 (World Steel Association).
  • Russia’s coal production was 440.0 million tonnes in 2022 (Energy Institute Statistical Review).
  • Russia’s electricity generation was 1,090 TWh in 2023 (Ember data).
  • Russia’s CPI inflation averaged 7.4% in 2023 (World Bank).
  • Russia’s CPI inflation was 7.4% in 2023 (IMF World Economic Outlook data; as reported in IMF indicators).
  • Russia’s labor productivity (output per worker) increased by 0.9% in 2022 (OECD/World Bank productivity estimates).
  • 3.6% of global merchandise trade was Russia’s share in 2023
  • Russia ranked 8th globally for merchandise exports in 2023 (by value)
  • Russia’s services exports were $96 billion in 2023 (WTO services trade estimate)

In 2023 Russia posted modest contraction, strong trade surplus, and sizeable industrial output alongside rising inflation.

Related reading

01 · Category

Industry Structure10 stats

01
Russia produced 14.0 million metric tons of crude steel in 2022 (World Steel Association).
02
Russia’s coal production was 440.0 million tonnes in 2022 (Energy Institute Statistical Review).
03
Russia’s electricity generation was 1,090 TWh in 2023 (Ember data).
04
Russia’s refining capacity was about 6.7 million barrels per day in 2022 (Energy Institute / EIA-cited industry data in report).
05
Russia’s cement production was 57.7 million tonnes in 2022 (USGS Mineral Commodity Summaries 2023, Russia chapter).
06
Russia’s industrial production index (base year 2010=100) was 135.2 in 2022 (UNIDO / OECD compiled).
07
Russia’s share of industry in GDP was 32.0% in 2022 (World Bank structural indicators).
08
Russia’s manufacturing value added share in GDP was 15.0% in 2022 (World Bank).
09
Russia’s agriculture value added share in GDP was 6.7% in 2022 (World Bank).
10
Russia’s services value added share in GDP was 57.4% in 2022 (World Bank).
Interpretation

Industry Structure Interpretation

Russia’s heavy industrial backbone remains strongly concentrated in large-scale output, with 14.0 million metric tons of crude steel and 440.0 million tonnes of coal in 2022, alongside 1,090 TWh of electricity generation in 2023, showing an industry structure dominated by core materials and energy-intensive production.

03 · Category

Trade & Tariffs4 stats

01
3.6% of global merchandise trade was Russia’s share in 2023
02
Russia ranked 8th globally for merchandise exports in 2023 (by value)
03
Russia’s services exports were $96 billion in 2023 (WTO services trade estimate)
04
Russia’s trade in manufactured goods was $310 billion in 2023 (WTO World Trade Statistical Review dataset)
Interpretation

Trade & Tariffs Interpretation

Russia remains a major player in trade under the Trade and Tariffs category with its 3.6% share of global merchandise trade and 8th place in 2023 merchandise exports by value, supported by large export earnings across both services at $96 billion and manufactured goods at $310 billion.

More related reading

04 · Category

Investment & Business4 stats

01
Russia spent €6.5 billion on defense equipment and services in 2023 (SIPRI Arms Transfers Database, defense expenditure estimates)
02
$55.7 billion in foreign direct investment (FDI) inward stock for Russia (latest available figure, 2023 estimate)
03
Russia received $47.0 billion in inward FDI flows in 2022 (UNCTAD World Investment Report 2023 dataset)
04
Russia’s total gross fixed capital formation was $335.0 billion in 2023 (World Bank, current US$)
Interpretation

Investment & Business Interpretation

For the Investment and Business angle, Russia shows large-scale capital activity alongside strategic spending, with gross fixed capital formation reaching $335.0 billion in 2023 and inward FDI totaling $47.0 billion in 2022 while foreign direct investment stock stands at $55.7 billion as of the 2023 estimate.

05 · Category

Infrastructure & Utilities4 stats

01
Russia’s electricity transmission and distribution losses were 10.2% in 2022 (World Bank indicator, most recent year)
02
Russia’s industrial energy intensity was 0.32 (MJ per US$ of industrial value added, 2017 PPP baseline)
03
Russia’s rail freight turnover was 2,900 billion tonne-km in 2022 (International Transport Forum / ITF report estimates)
04
Russia has 1,430 airports or aerodromes (ICAO/World Bank aviation statistics compilation, 2023)
Interpretation

Infrastructure & Utilities Interpretation

For Russia’s Infrastructure and Utilities, the 10.2% electricity transmission and distribution losses in 2022 alongside a rail freight turnover of 2,900 billion tonne-km shows a system that still relies heavily on energy moving through aging networks and extensive transport capacity.

06 · Category

Industry Overview10 stats

01
$2.2 trillion nominal GDP for Russia in 2023 (World Bank, current US$).
02
Russia’s GDP growth was -2.1% in 2023 (World Bank).
03
Russia’s GDP per capita was $14,904in 2023 (current US$).
04
Russia’s imports were $323.3 billion in 2023 (UN Comtrade via World Integrated Trade Solution).
05
Russia’s merchandise trade balance was +$172.7 billion in 2023 (WITS).
06
Russia’s outbound FDI outflows were $5.0 billion in 2023 (UNCTAD).
07
Russia produced an estimated 10.7 million barrels per day of crude oil in 2023 (IEA estimate)
08
Russia accounted for 9.6% of global coal production in 2023 (coal production estimate, Global Energy Monitor dataset)
09
Russia exported 13.9% of its natural gas production in 2023 (IEA estimate)
10
Russia’s industrial employment share was 20.3% of total employment in 2023 (ILO employment by sector modelled estimate)
Interpretation

Industry Overview Interpretation

Russia’s Industry Overview shows a major trade surplus and limited capital outflow despite a shrinking economy, with GDP growth at -2.1% in 2023 alongside a +$172.7 billion merchandise trade balance and only $5.0 billion in outbound FDI outflows.
report visual · Key figures

Russia’s industrial and energy output signals

Key industry and energy indicators show large-scale production across sectors (steel, coal, electricity, refining, cement) alongside macro context like industrial weight in the economy.

14.0
Russia produced 14.0 million metric tons of crude steel in 2022 (World Steel Association).
440.0
Russia’s coal production was 440.0 million tonnes in 2022 (Energy Institute Statistical Review).
1,090
Russia’s electricity generation was 1,090 TWh in 2023 (Ember data).
6.7
Russia’s refining capacity was about 6.7 million barrels per day in 2022 (Energy Institute / EIA-cited industry data in
57.7
Russia’s cement production was 57.7 million tonnes in 2022 (USGS Mineral Commodity Summaries 2023, Russia chapter).
32%
Russia’s share of industry in GDP was 32.0% in 2022 (World Bank structural indicators).
source-verifiedworldsteel.org · energyinst.org · ember-climate.org · eia.gov · pubs.usgs.gov · data.worldbank.org2023
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Margot Villeneuve. (2026, February 13). Russia Industry Statistics. Gitnux. https://gitnux.org/russia-industry-statistics
MLA
Margot Villeneuve. "Russia Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/russia-industry-statistics.
Chicago
Margot Villeneuve. 2026. "Russia Industry Statistics." Gitnux. https://gitnux.org/russia-industry-statistics.

Sources & references

36 datasets cited across this report · attribution is report-level

data.worldbank.orgwits.worldbank.orgunctad.orgworldsteel.orgenergyinst.orgember-climate.orgeia.govpubs.usgs.govimf.orgdata.oecd.orgspglobal.comstats.oecd.orgcomtradeplus.un.orgiea.orgglobalenergymonitor.orgsipri.orgapi.worldbank.orgitf-oecd.orgworldbank.orgwto.orgilostat.ilo.org

+15 additional datasets cited (not shown individually)