Russia: Economic globalization

* indicates monthly or quarterly data series

Economic globalization index (0-100)

 Latest value 49.00
 Year 2021
 Measure points
 Data availability 1990 - 2021
 Average 47.04
 Min - Max 23.89 - 55.19
 Source The Swiss Institute of Technology in Zurich
For that indicator, we provide data for Russia from 1990 to 2021. The average value for Russia during that period was 47.04 points with a minimum of 23.89 points in 1990 and a maximum of 55.19 points in 2019. The latest value from 2021 is 49 points. For comparison, the world average in 2021 based on 184 countries is 58.31 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Russia - Economic globalization - Recent values chart

Historical chart
Russia - Economic globalization - historical chart - 1990-2021

The KOF Economic Globalization Index for Russia and other countries has two dimensions. First, it measures the economic flows between Russia and the rest of the world in terms of international trade and international investment. The question is whether Russia exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100.
Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls. More information and the original data can be obtained here.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

 Related indicators Latest value Reference Measure
 Overall globalization 70.00 2021 points
 Economic globalization 49.00 2021 points
 Political globalization 92.00 2021 points
 Social globalization 68.00 2021 points
This site uses cookies.
Learn more here