market economy oil natural gas ninth-largest economy sixth-largest PPP service sector industrial sector agricultural sector unemployment rate foreign exchange reserves fifth-largest sixth-largest
Russia has a market economy, with enormous natural resources, particularly oil and natural gas. It has the world's ninth-largest economy by nominal GDP and the sixth-largest by PPP. The large service sector accounts for 62% of total GDP, followed by the industrial sector (32%), while the agricultural sector is the smallest, making up only 5% of total GDP. Russia has a low official unemployment rate of 4.1%. Its foreign exchange reserves are the world's fifth-largest, worth $540 billion. It has a labour force of roughly 70 million, which is the world's sixth-largest.
