The Russian economy is shrinking

Russia’s economy has not collapsed under Western sanctions, but it has suffered. The country’s GDP is predicted to have dropped 3.4% in 2022, according to the IMF.

Russia’s GDP

Percent change per year

6%

3

0

-2.3%

-3

-3.4%

Prediction

-6

2018

20

22

24

26

Russia’s inflation rate

Percent change per year

15%

13.8%

12

9

6

5%

3

Prediction

0

2018

20

22

24

26

Moscow Exchange Index

3,500

Feb. 28, 2022

Moscow Exchange closed

3,000

2,500

2,000

1,500

Feb. 24

2022

May 19

Aug. 18

Nov. 17

Feb. 16

2023

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Russia’s GDP

Percent change per year

6%

3

0

-2.3%

-3

-3.4%

Prediction

-6

2018

20

22

24

26

Russia’s inflation rate

Percent change per year

15%

13.8%

12

9

6

5%

3

Prediction

0

2018

20

22

24

26

Moscow Exchange Index

3,500

Feb. 28, 2022

Moscow Exchange closed

3,000

2,500

2,000

1,500

Feb. 24

2022

Aug. 18

Feb. 16

2023

Russia’s GDP

Percent change per year

Russia’s inflation rate

Percent change per year

6%

15%

13.8%

12

3

9

0

6

5%

-2.3%

-3

3

-3.4%

Prediction

Prediction

-6

0

2018

20

22

24

26

2018

20

22

24

26

Moscow Exchange Index

3,500

Feb. 28, 2022

Moscow Exchange closed

3,000

2,500

2,000

1,500

Feb. 24

2022

May 19

Aug. 18

Nov. 17

Feb. 16

2023