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, following a 0.5 percent growth in the previous period, a preliminary estimate showed. It was the strongest pace of expansion since the third quarter of 2012. 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 at Near 5-Year High


Russia's gross domestic product advanced 2.5 percent year-on-year in the second quarter of 2017, following a 0.5 percent growth in the previous period, a preliminary estimate showed.

It was the third straight three-month period of growth and the strongest pace of expansion since the third quarter of 2012.

The Ministry of Economic Development had previously estimated GDP growth in the second quarter of 2017 at 2.7 percent.

The central bank expects economic growth at 1.3 to 1.8 percent in 2017. In 2016, the Russian economy contracted by 0.2 percent.

Joana Ferreira | joana.ferreira@tradingeconomics.com
8/11/2017 2:20:37 PM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-17 01:00 PM Q1 0.5% 0.3% 0.4% 0.4%
2017-06-16 01:00 PM Q1 0.5% 0.3% 0.5% 0.5%
2017-08-11 01:10 PM Q2 2.5% 0.5% 1.3%
2017-09-11 01:00 PM Q2 0.5% 2.5% 2.5%
2017-11-13 01:00 PM Q3 1.3%
2017-12-12 01:00 PM Q3


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 Notes

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 August 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 6.10 Mar/17
Indonesia 5.01 Jun/17
Turkey 5.00 Mar/17
Netherlands 3.30 Jun/17
Spain 3.10 Jun/17
South Korea 2.70 Jun/17
Russia 2.50 Jun/17
Canada 2.30 Mar/17
Euro Area 2.20 Jun/17
Germany 2.10 Jun/17
United States 2.10 Jun/17
Japan 2.00 Jun/17
France 1.80 Jun/17
Mexico 1.80 Jun/17
Australia 1.70 Mar/17
United Kingdom 1.70 Jun/17
Italy 1.50 Jun/17
Switzerland 1.10 Mar/17
Brazil -0.40 Mar/17