The Gross Domestic Product (GDP) in Russia expanded 0.90 percent in the second quarter of 2018 over the previous quarter. GDP Growth Rate in Russia averaged 0.75 percent from 1995 until 2018, reaching an all time high of 4.10 percent in the first quarter of 1999 and a record low of -5.40 percent in the third quarter of 1998.

GDP Growth Rate in Russia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Russia to stand at 0.20 in 12 months time. In the long-term, the Russia GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

Russia GDP Growth Rate
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Forecast Data Chart
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Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.40 4.10 -5.40 percent [+]
GDP Annual Growth Rate 1.30 1.90 12.10 -11.20 percent [+]
GDP 1577.52 1284.70 2297.10 195.90 USD Billion [+]
GDP Constant Prices 21678.60 19992.50 24093.50 13332.00 RUB Billion [+]
Gross Fixed Capital Formation 4257.20 3079.10 7490.40 1709.70 RUB Billion [+]
GDP per capita 11441.00 11279.60 11803.70 5505.60 USD [+]
GDP per capita PPP 24765.95 24416.60 25551.10 11917.80 USD [+]
GDP From Agriculture 671.80 447.20 1541.90 141.40 RUB Billion [+]
GDP From Construction 1119.10 712.80 1731.00 216.40 RUB Billion [+]
GDP From Manufacturing 2606.10 2188.80 3055.80 1022.90 RUB Billion [+]
GDP From Mining 1954.20 1878.60 1954.20 693.30 RUB Billion [+]
GDP From Public Administration 1627.10 1612.80 1627.10 426.00 RUB Billion [+]
GDP From Transport 1444.10 1347.30 1444.10 584.60 RUB Billion [+]
GDP From Utilities 498.40 656.70 665.80 176.30 RUB Billion [+]


Russia GDP Growth Rate

Russia is the largest country in the world and the eleventh biggest economy. The Russian economy is commodity-driven. Russia is the world’s largest producer of oil (14 percent of world output), natural gas (18 percent) and nickel (12 percent). The energy sector is the most important, it contributes 20-25 percent of GDP, 65 percent of total exports and 30 percent of government budget revenue. This page provides the latest reported value for - Russia GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.40 4.10 -5.40 1995 - 2018 percent Quarterly




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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