Russia GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

Russia's gross domestic product advanced 2.5 percent year-on-year in the second quarter of 2017, unrevised from the preliminary estimate and following a 0.5 percent growth in the previous period, final figures showed. It was the strongest pace of expansion since the third quarter of 2012, as output grew firmly for wholesale and retail trade, mining, manufacturing and construction. In the first half of the year GDP rose 1.5 percent, compared with a 0.5 percent contraction in the same period of 2016. GDP Annual Growth Rate in Russia averaged 3.03 percent from 1996 until 2017, reaching an all time high of 12.10 percent in the fourth quarter of 1999 and a record low of -11.20 percent in the second quarter of 2009.

Russia GDP Annual Growth Rate
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Russia Q2 GDP Growth Rate Confirmed at Near 5-Year High


Russia's gross domestic product advanced 2.5 percent year-on-year in the second quarter of 2017, unrevised from the preliminary estimate and following a 0.5 percent growth in the previous period, final figures showed. It was the strongest pace of expansion since the third quarter of 2012, as output grew firmly for wholesale and retail trade, mining, manufacturing and construction.

It was the third straight three-month period of growth and the strongest pace of expansion since the third quarter of 2012. Within services, output was driven by: Wholesale and retail trade (4.7 percent from 0.2 percent in Q1); real estate activities (2.7 percent from -0.9 percent); transportation and storage (3.7 percent from 3.3 percent); information and communication activities (4.1 percent from -2.3 percent); financial and insurance activities (2.7 percent from 0.1 percent); and administrative and related additional services (2.2 percent from -1 percent).

Also, industrial production contributed positively to growth with all categories expanding: Mining (4.6 percent from 4.1 percent in Q1); manufacturing (1.2 percent from 1 percent); construction (2.8 percent from -4.5 percent); electricity, gas and steam, air conditioning (2 percent from 0.9 percent); and water supply, water disposal, organization of waste collection and disposal, pollution control activities (0.9 percent from -3.7 percent).

Agriculture advanced slightly by 0.1 percent after contracting by 0.9 percent in the first quarter.

In the first half of the year GDP rose 1.5 percent, compared with a 0.5 percent contraction in the same period of 2016.

The central bank expects economic growth at 1.3 to 1.8 percent in 2017. 

Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/11/2017 3:53:19 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-16 01:00 PM GDP Growth Rate YoY Final 0.5% 0.3% 0.5% 0.5%
2017-08-11 01:10 PM GDP Growth Rate YoY Prel 2.5% 0.5% 1.3%
2017-09-11 03:30 PM GDP Growth Rate YoY Final 2.5% 2.5% 2.5% 2.5%
2017-11-13 01:00 PM GDP Growth Rate YoY Prel 2.5% 1.3%
2017-12-12 01:00 PM GDP Growth Rate YoY Final 2.5%


Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.57 -1.31 4.10 -5.40 percent [+]
GDP Annual Growth Rate 2.50 0.50 12.10 -11.20 percent [+]
GDP 1283.20 1365.90 2230.60 195.90 USD Billion [+]
GDP Constant Prices 19555.20 16668.00 19555.20 6567.40 RUB Billion [+]
Gross Fixed Capital Formation 2996.40 4223.10 4746.40 1709.70 RUB Billion [+]
GDP per capita 11099.20 11144.60 11615.70 5505.60 USD [+]
GDP per capita PPP 24026.00 24124.30 25144.10 11917.80 USD [+]
Gross National Product 65166840.30 59321789.00 65166840.30 2251977.50 RUB Million [+]
GDP From Agriculture 617.30 1023.00 1023.00 141.40 RUB Billion [+]
GDP From Construction 1283.90 1053.60 1356.00 216.40 RUB Billion [+]
GDP From Manufacturing 1997.80 1848.50 2109.30 1022.90 RUB Billion [+]
GDP From Mining 1263.10 1231.90 1268.80 693.30 RUB Billion [+]
GDP From Public Administration 874.30 879.70 894.00 426.00 RUB Billion [+]
GDP From Transport 1126.80 1110.70 1131.80 584.60 RUB Billion [+]
GDP From Utilities 507.40 377.00 511.10 176.30 RUB Billion [+]


Russia GDP Annual Growth Rate

Russia is one of the world's leading producers of oil and natural gas and is also a top exporter of metals such as steel and primary aluminum. On the production side, services are the biggest sector of the economy and account for 58 percent of GDP. Within services the most important segments are: wholesale and retail trade (17 percent of total GDP); and public administration, health and education (12 percent). Industry constitutes 40 percent to total output and agriculture accounts for the remaining 2 percent. This page provides the latest reported value for - Russia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 0.50 12.10 -11.20 1996 - 2017 percent Quarterly




gdp annual growth rate by Country

Last
China 6.90 Jun/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.01 Jun/17
Canada 3.70 Jun/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Euro Area 2.30 Jun/17
United States 2.20 Jun/17
Germany 2.10 Jun/17
Australia 1.80 Jun/17
Mexico 1.80 Jun/17
France 1.70 Jun/17
United Kingdom 1.70 Jun/17
Italy 1.50 Jun/17
Japan 1.40 Jun/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17