In 2023, Russia's GDP composition was led by the Services sector, contributing 37.28% of the economy. Mining, Manufacturing, and Utilities made up 25.64%, while Wholesale, Retail Trade, Restaurants, and Hotels accounted for 17.61%. Transport, Storage, and Communication added 7.95%, with Construction and Agriculture, Hunting, Forestry, and Fishing contributing 6.78% and 4.74%, respectively. Over the past two years, Services experienced moderate growth, whereas the Wholesale and Retail sector saw fluctuations. Cumulatively, the 5-year CAGR indicates a steady increase across most sectors, reflecting resilience amidst geopolitical challenges and market shifts.
Future trends to watch include:
- Potential growth in digital services as e-commerce and technology adoption rise.
- Expansion in the energy sector, particularly in alternative energy sources.
- Varying impacts of international sanctions and policies on the industrial output.
- Agricultural sector resilience with potential growth driven by domestic policies and innovation.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 37.28 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 25.64 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 17.61 | 2016 | |
| 4 | 4 Transport, storage and communication | 7.95 | 2016 | |
| 5 | 5 Construction | 6.78 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 4.74 | 2016 |
