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Russia Imports, percent of GDP

(percent, source: The World Bank)

Russia Imports of goods and services as percent of GDP: For that indicator, The World Bank provides data for Russia from 1989 to 2016. The average value for Russia during that period was 23.03 percent with a minumum of 12.99 percent in 1991 and a maximum of 48.25 percent in 1992.
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The imports of Russia and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade. Imports, percent of GDP rankings around the world. Create and download charts for Russia Imports, percent of GDP and other indicators with the country comparator.

Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.