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Russia’s economy is much worse than it seems, and ‘elites are increasingly alarmed’ as alternate GDP gauge shows huge contraction

Posted on May 24, 2026
By Fortune
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1 min read

Russia’s economy is much worse than it seems, and ‘elites are increasingly alarmed’ as alternate GDP gauge shows huge contraction

While Russia has claimed its GDP expanded by about 13% between 2020 and 2024, Sweden's analysis of nighttime luminosity shows the economy actually shrank by 8% during that span.