Goods and services expense in Russia
Russia: Goods and services expense was 2.52 trillion current LCU in 2020. ◆ Volatile
Goods and services expense in Russia, 1994–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, goods and services expense in Russia stood at 2.52 trillion current LCU.
Compared with earlier readings it is down 1.9% on the previous year and up 57.3% over ten years.
Over the whole period, goods and services expense in Russia peaked at 2.57 trillion current LCU in 2019 and was at its lowest, 44.27 billion current LCU, in 1994.
That places Russia 22nd out of 155 countries with data for 2020, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 105.12 billion current LCU | 44.27 billion current LCU | 216.45 billion current LCU | 4 |
| 2000s | 820.01 billion current LCU | 441.94 billion current LCU | 1.42 trillion current LCU | 10 |
| 2010s | 2.02 trillion current LCU | 1.51 trillion current LCU | 2.57 trillion current LCU | 10 |
| 2020s | 2.52 trillion current LCU | 2.52 trillion current LCU | 2.52 trillion current LCU | 1 |
Countries ranked near Russia
- 19 Cambodia 3.39 trillion current LCU compare
- 20 Kazakhstan 3.35 trillion current LCU compare
- 21 Mongolia 3.12 trillion current LCU compare
- 23 India 2.33 trillion current LCU compare
- 24 Costa Rica 1.66 trillion current LCU compare
- 25 Cote d'Ivoire 1.42 trillion current LCU compare
More public sector data for Russia
- Arms imports 467.00 million SIPRI trend indicator values (2024)
- Tax revenue 10.9% (2024)
- Taxes on income, profits and capital gains 4.6% (2024)
- Taxes on goods and services 23.8% (2024)
- Net investment in nonfinancial assets 1.3% (2024)
- Net lending (+) / net borrowing (-) 1.6% (2024)
- Interest payments 2.4% (2020)
- Grants and other revenue 49.0% (2024)
- Interest payments 2.4% (2020)
- Other taxes 0.0% (2024)
Frequently asked questions
- What is goods and services expense in Russia?
- Goods and services expense in Russia was 2.52 trillion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Russia?
- The highest recorded value was 2.57 trillion current LCU in 2019.
- What is the lowest goods and services expense recorded in Russia?
- The lowest recorded value was 44.27 billion current LCU in 1994.
- How does Russia rank for goods and services expense?
- Russia ranks 22nd out of 155 countries with data for 2020.
- Is goods and services expense rising or falling in Russia?
- Over the last ten years it is up 57.3%. The long-run trend across the full record is volatile.
- Where does this Russia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.