The World Bank in Russia

The Russian economy has been coping with low oil prices and restricted access to international financial markets. The economy is recovering gradually, and a moderate growth rate is projected for 2017–19, supported by rising oil prices, macroeconomic stability, and improved investor confidence.

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RESULTS

Budget Literacy in Russia

While still a relatively new topic for Russia, budget literacy currently stands high on country's agenda.

REPORT

Reaping Digital Dividends

Russia is uniquely positioned to exploit advantages in the digital arena in order to promote economic growth.

OPINION

Disproportionate Development

Urbanization does not automatically breed economic success, but economic success of cities could be of great importance...

Country At-A-Glance

Russia is a vast, resource-rich country, with immense diversity. After a period of high and inclusive economic growth in the first decade of the 2000s, growth dynamics in Russia have weakened since 2012, as second generation structural reforms have advanced more slowly. According to World Bank's Country Diagnostic, Russia needs to address key constraints to productivity growth.

Overview

Data

Project

Second National Hydromet System Modernization Project

The main objective of the project is to assist the Russian Federal Service on Hydrometeorology and Environmental Monitoring to further enhance the national capacity to deliver reliable and timely weather, hydrological and climate information.

Projects

Research

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Russia Economic Report 37 May 23, 2017

From Recession to Recovery

Europe and Central Asia Economic Update May 11, 2017

Trade in Transition

Systematic Country Diagnostic Jan 12, 2017

Pathways to Inclusive Growth

Doing Business 2017 Oct 25, 2016

Doing Business in Russia

Russia in Figures

Find data and facts about the country's development progress.

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Russia economy is expected to go from recession to recovery. Consistent with the World Bank's projections, we expect the Russian economy to grow 1.3 percent in 2017 and 1.4 percent both in 2018 and 2019. The positive terms-of-trade effect from rising oil prices, coupled with more stable macroeconomic conditions, are expected to drive this recovery. Read more...

Projected growth by sector

The return to the medium-term fiscal framework and the introduction of an updated fiscal rule are expected to further improve economic predictability in Russia. The projected strengthening of domestic demand is expected to support economic activity in the non-tradable and tradable parts of the economy. Learn more...

Russia is striving to improve its score in the Open Budget Index (OBI). This survey assesses whether central governments in countries around the world makes eight specific budget documents available to the public, and whether the data contained in these documents is comprehensive, timely, and useful. Read more...

In 2016, Russia is ranked 40th in the World Bank Group Global Doing Business report, which assesses the ease of doing business across 190 measured economies. What is important is to look at long-term trends. And, in the case of Russia, dynamics have been positive owing to the strong reform momentum initiated 5 years ago - with Russia improving from 124th position in 2012 to 40th in 2016. Read more...