1994-2020 Data | 2021-2022 Forecast | Historical | Chart | News. Previously he served as program manager at National Defense University. By giving us your email, you are opting in to the Early Bird Brief. The Russian military continues to make strides towards modernization - and in-the-field experience in Syria has helped. Depending on what you count, total military expenditure can add to roughly 4 trillion rubles in 2018 or about 4 percent of GDP. This overall level of military expenditure is not only sustainable, but has in practice been sustained throughout the last five years of confrontation, largely unaffected by sanctions.

As a consequence, the debate on relative military power and expectations of the future military balance is terribly warped by a low-information environment. As a middle-income country, with conscripts making up close to a third of the force, Russia spends much less on maintaining its military than Western counterparts. Rather than consume the government budget, Russian defense spending is slowly declining as a share of GDP, which is in part what makes it sustainable well into the 2020s or perhaps 2030s. Russia immigration statistics for 2010 was 11,194,710.00, a 4.05% decline from 2005. Estimates of migrant stock in the newly independent states from 1990 on are based on the 1989 census of the Soviet Union. Moscow spends about half of that defense budget on procurement, R&D, and repair, typically at 1.4-1.6 trillion rubles. International migrant stock is the number of people born in a country other than that in which they live. This also means that a decline in overall military expenditure, as recently reported by SIPRI, does not necessarily mean a reduction in Russian spending on military operations, procurement, R&D, or maintaining the force. When data on the foreign-born population are not available, data on foreign population--that is, people who are citizens of a country other than the country in which they reside--are used as estimates. Most comparisons are done in current U.S. dollars based on prevailing exchange rates, making Russia’s economy seem the size of South Korea’s.

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Russia, for example, presents a glaring problem for academic and policy circles alike. Sign up for the Early Bird Brief, the defense industry's most comprehensive news and information, straight to your inbox. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. The data used to estimate the international migrant stock at a particular time are obtained mainly from population censuses. For 2020, Russia is ranked 2 of 138 out of the countries considered for the annual GFP review.It holds a PwrIndx* rating of 0.0681 (0.0000 considered 'perfect'). The truth is that for the foreseeable future, nothing has to give. Money Minute — When Should You Close a Credit Card? The best example of this problem is a recent announcement by the Stockholm International Peace and Research Institute that Russian military spending has fallen to the sixth highest in the world in 2018, at $61.4 billion. However, Russia is not the Soviet Union, spending itself into oblivion as the economy collapses, and we are not living in the 1980s.

It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Russia Inflation Rate Hits Central Bank's 4% Target, Russian Ruble Depreciates after 3 Sessions of Gains, Russia Services Sector Slips Back into Contraction, Russia Manufacturing PMI Falls to 5-Month Low, Russia Corporate Profits Fall 38.1% in Jan-Aug, Russia Retail Sales Fall More than Expected, Russia Jobless Rate Unexpectedly Falls to 6.3%, China Imports Rise Less than Forecast in October, Dollar Posts Biggest Weekly Loss in 8 Months, US Stocks Little Changed, Book Best Week Since April, US Consumer Credit Growth Beats Expectations. Government Spending in Russia averaged 3010.23 RUB Billion from 2003 until 2020, reaching an all time high of 4252 RUB Billion in the second quarter of 2020 and a record low of 1628.70 RUB Billion in the first quarter of 2003. For countries with information on the international migrant stock for at least two points in time, interpolation or extrapolation was used to estimate the international migrant stock on July 1 of the reference years. The reasons for the spending plateau include a conscious decision by the state to sequester defense spending so as to prioritize national welfare and the simple fact that the Russian military had already procured a tremendous amount of equipment during the first five years of modernization spending. The Outlook Over Three Years ... in Russia, although the pace of GDP decline has slowed down.

Russia’s economy is highly dependent on exports of commodities with revenues from sales of crude oil, petroleum products, and natural gas accounting for about a half of Russia’s federal budget. Russia immigration statistics for 2015 was 11,643,276.00, a 4.01% increase from 2010. The United States has a basic problem: Devising a strategy toward great power adversaries necessitates having some reasonable estimate of their economic and military power. .

Purchasing power comparisons come with their own shortcomings, especially when understanding global financial flows, import/export, and the like, but it helps paint a much more accurate picture than comparing economies by converting their gross domestic product into dollars based on the current exchange rate.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Will Russia get the message? Prioritize building the flight line of the future, How to protect troops from an assault in the cognitive domain, Securing the final frontier: Digital twins, satellites and cybersecurity, American shipbuilding: An anchor for economic and national security, In a COVID-19 world, system integration is the best approach. Then why is this a useful way of looking at the world and understanding the relative balance of economic power or military expenditure? Russia immigration statistics for 2000 was 11,900,297.00, a 0.24% decline from 1995. Michael Kofman is a Senior Research Scientist at CNA Corporation and a Fellow at the Wilson Center’s Kennan Institute. Yet, it is used frequently to argue that despite a large military modernization program, and a sizable conventional and nuclear deterrent, Moscow is a paper tiger. Download historical data for 20 million indicators using your browser. Please check your download folder. Russia continued its adjustment to lower oil prices and the environment of economic sanctions imposed in July 2014. Ask yourself: Do we really know how much our adversaries spend on their military, and what they are getting for their money? Direct access to our calendar releases and historical data. There is well over 1 trillion rubles of military expenditure in Russia outside of the regular defense budget. PPP is not without limitations, but it is heavily advantaged when comparing defense spending as opposed to consumer spending, where countries may import a broad range of goods. The estimates are derived from the data on foreign-born population--people who have residence in one country but were born in another country. It also includes refugees. If ruble valuation suddenly dropped by 50 percent against the dollar, which it did in 2014, does that mean the Russian economy suddenly contracted by half in one year? (From the Sponsor) Personal finance expert Jeanette Mack discusses steps to take for paying your student loan payments. In reality Russia’s effective military expenditure, based on purchasing power parity (Moscow buys from Russian defense manufacturers in rubles), is more in the range of $150-180 billion per year, with a much higher percentage dedicated to procurement, research and development than Western defense budgets. Weekly data on budget funds in deposits, public budget loans and REPO We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. 1.6 Government Budget: Fiscal consolidation is planned to 2017 and beyond .....22 Part 2. This approach is useless for comparing defense spending, or the country’s purchasing power. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. No, it doesn’t. In 2015, Russia’s main exports were: fuels and energy products (63 percent of total shipments, of which crude oil and natural gas accounted for 26 percent and 12 percent respectively); metals (10 percent); machinery and equipment (7.4 percent); chemical products (7.4 percent) and foodstuffs and agricultural products (5 percent).