
Russia: Economic globalization
* indicates monthly or quarterly data series
Russia |
Economic globalization index (0-100) |
---|---|
Latest value | 43.37 |
Year | 2022 |
Measure | points |
Data availability | 1990 - 2022 |
Average | 46.93 |
Min - Max | 23.89 - 55.19 |
Source | The Swiss Institute of Technology in Zurich |
The latest value from 2022 is 43.37 points, a decline from 49 points in 2021. In comparison, the world average is 59.16 points, based on data from 184 countries. Historically, the average for Russia from 1990 to 2022 is 46.93 points. The minimum value, 23.89 points, was reached in 1990 while the maximum of 55.19 points was recorded in 2019.
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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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Overall globalization | 65.72 | 2022 | points |
Economic globalization | 43.37 | 2022 | points |
Political globalization | 91.97 | 2022 | points |
Social globalization | 61.68 | 2022 | points |