Russia Country profile


January 2019

Russia outperforms most of emerging Europe on measures of per capita income, creditworthiness, and business climate. But growth significantly lags behind most of the region. Lower oil prices and Russia’s geo-political dispute with Ukraine and the ensuing sanctions levied by western countries have heavily impacted the economy. But the recovery in oil prices and stronger growth outlook are positives going forward.

This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2018 and 2023 as provided by the IMF. Annual GDP growth is the average between 2018 and 2023. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.