Russia: Economic globalization

For that indicator, we provide data for Russia from 1990 to 2020. The average value for Russia during that period was 46.98 points with a minimum of 23.89 points in 1990 and a maximum of 55.19 points in 2019. The latest value from 2020 is 54 points. For comparison, the world average in 2020 based on 185 countries is 57.27 points. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.