Russian Federation: Gross fixed capital formation, private sector (current LCU)

Key figures

What the numbers say

In 2021, Russian Federation's gross fixed capital formation, private sector (current LCU) rose 23.5% on 2020 (from 17.76 trillion to 21.93 trillion).

Across the 25 yearly changes before that (1996 to 2020), the average change was +20.2% and a typical year strayed about 23.1% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 82.4% in 2000 and the biggest yearly fall was 10.3% in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about 834.05 billion a year. A straight line explains 87% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 23.02 trillion for 2024. We show this only because the same method, fitted on earlier years, predicted 2019 to 2021 better than "no change" would have: its average miss was 1.16 trillion, against 1.72 trillion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

What this measures

Private investment covers outlays by the private sector (including private nonprofit agencies) on additions to its fixed domestic assets. Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 27 values

Gross fixed capital formation, private sector (current LCU) in nearby economies

• Croatia — 18.33 billion (2025)
• Kosovo — 2.54 billion (2024)
• North Macedonia — 184.24 billion (2024)
• Poland — 446.24 billion (2024)
• Romania — 341.66 billion (2024)
• Turkmenistan — 39.24 billion (2024)

More economic policy & debt data for Russian Federation

• Adjusted savings, education expenditure (% of GNI) — 4.43% (2021)
• Adjusted savings, mineral depletion (current US$) — US$15.53 billion (2021)
• Adjusted savings, energy depletion (current US$) — US$148.66 billion (2021)
• General government final consumption expenditure (current US$) — US$489.23 billion (2025)
• General government final consumption expenditure (current LCU) — 40.93 trillion (2025)
• General government final consumption expenditure (% of GDP) — 19.1% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$1.31 trillion (2025)
• Households and NPISHs final consumption expenditure (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Russian Federation's gross fixed capital formation, private sector (current LCU)?

21.93 trillion in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 8,092% from 267.73 billion in 1995 (18.47% a year on average, compounded). The highest value was 21.93 trillion in 2021 and the lowest 267.73 billion in 1995.

Source

World Bank, World Development Indicators, indicator NE.GDI.FPRV.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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