Russia's oil and gas revenues projected to fall to 2.7% of GDP by 2029
The decline follows a steady drop from 5.5% of GDP in 2024, driven by exchange rates, global energy prices and export volumes, officials say.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
Russia's oil and gas revenues are projected to fall to 2.7% of GDP in 2029, according to figures reported by TASS.
The revenues reached 5.5% of GDP in 2024 and have been steadily declining since, a trend officials attribute to exchange rate movements, global energy prices, and the structure of hydrocarbon production and export volumes.
The same figures put oil and gas revenues at an estimated 3.3% of GDP in 2026, continuing the downward trajectory projected through the end of the decade.
Sources
- Russia’s oil and gas revenues to fall to 2.7% of GDP in 2029 — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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