Economic overheating but deteriorating fundamentals
D4
HIGH RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in August 2024.
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GDP |
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|
Population |
|
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Form of state | Federation | |
Head of state | Vladimir Vladimirovich PUTIN (President) | |
Next elections | 2026, legislative |
Strengths & Weaknesses
![Strenghts](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/Russia/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1720687409881/plus.png)
- Abundant natural resources, in particular oil and gas
- More than 20 years of continued current account surpluses
- Low public debt
![Weaknesses](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/Russia/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1720687400467/minus.png)
- Geopolitical risks, including the Russian war in Ukraine
- Extensive Western sanctions
- High vulnerability to global oil price shocks
- Prone to capital flight
- Exchange rate remains vulnerable to volatility and sudden depreciation
- Poor rule of law and high level of perceived corruption
Economic Overview
Trade structure by destination/origin
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
China
11.5%
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1 |
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Netherlands
7.2%
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2 |
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Turkey
6.0%
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3 |
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Germany
5.1%
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4 |
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Italy
4.5%
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5 |
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Trade structure by product
(% of total, annual 2022)
Exports | Rank | Imports |
---|---|---|
Petroleum, petroleum products and related materials
45.5%
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1 |
8.5%
Road vehicles
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Coal, coke and briquettes
7.9%
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2 |
6.7%
Other industrial machinery and parts
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Gas, natural and manufactured
7%
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3 |
6.1%
Electrical machinery, apparatus and appliances, n.e.s.
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Iron and steel
6.1%
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4 |
5.6%
Medicinal and pharmaceutical product
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Non-ferrous metals
4.2%
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5 |
4.8%
Specialised machinery
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Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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