The Economy of Russia
Russia at a Glance
Russia is the world's largest country by area, rich in oil, gas, metals and grain, with an economy shaped by energy exports and a turbulent history.
Russia spans eleven time zones and holds vast reserves of oil, natural gas, coal, metals, timber and farmland.
Size and people
It has a population of roughly 145 million, and its economy is one of the larger ones in the world, especially measured by purchasing power.
Resource dependence
Oil and gas have long provided a large share of export earnings and government revenue.
A mixed economy
The state controls key companies in energy, banking and defence, while private firms operate in retail, services and technology.
Money from selling gas and oil abroad funds much of the government's budget.
It also exports grain, fertiliser, metals and weapons.
- Russia is the largest country by area.
- It is rich in resources.
- Energy earns a large share of revenue.
- The state holds key firms.
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