Nominal GDP in current US$ and real PPP GDP in constant 2021 international dollars, 2024.
Russia’s nominal GDP and real purchasing-power-parity GDP are compared for 2024. Nominal GDP uses current U.S. dollars, while the PPP measure uses constant 2021 international dollars. Nominal GDP is US$2.19 trillion and real PPP GDP is PPP$6.12 trillion. The PPP measure is 2.80 times the nominal value, but the two valuation bases should not be subtracted as though they were the same currency measure.
| Rank | Entry | Value | Period |
|---|---|---|---|
| 1 | Nominal GDP | US$2.19T | 2024 |
| 2 | Real PPP GDP | PPP$6.12T | 2024 |
Source 1: GDP (current US$)
Publisher: World Bank
Dataset/table: World Development Indicators — GDP (current US$)
Units: current US$
Date checked: 2026-07-18
Evidence: Supports Russia’s 2024 nominal GDP in current US dollars.
Source 2: GDP, PPP (constant 2021 international $)
Publisher: World Bank
Dataset/table: World Development Indicators — GDP, PPP (constant 2021 international $)
Units: constant 2021 international $
Date checked: 2026-07-18
Evidence: Supports Russia’s 2024 real GDP at purchasing-power parity in constant 2021 international dollars.
Nominal GDP is in current US dollars. Real PPP GDP is in constant 2021 international dollars, abbreviated as PPP$. The two measures use different valuation bases and should not be subtracted.
Russia’s 2024 nominal GDP uses the World Bank current-US-dollar indicator, while real PPP GDP uses the constant-2021-international-dollar indicator. The multiple divides the PPP value by the nominal value while preserving the two distinct valuation bases.
Both values refer to Russia and 2024, but use two separate World Bank WDI indicators and intentionally different valuation bases.
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