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

Russia's gross domestic product grew 1.8 percent year-on-year in the third quarter of 2017, easing from a near five-year high 2.5 percent expansion in the previous period, preliminary data showed. The Ministry of Economic Development had previously estimated GDP growth in the third quarter of 2017 at 2.2 percent. GDP Annual Growth Rate in Russia averaged 3.01 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 GDP Growth Slows to 1.8% in Q3


Russia's gross domestic product grew 1.8 percent year-on-year in the third quarter of 2017, slowing down from a 2.5 percent expansion reported in the previous period. The weaker expansion was likely caused by slower industrial production while other sectors like retail, construction and agriculture grew faster.

It was the fourth straight quarter of growth after two years of contraction. Still, the expansion slowed from a 2.5 percent advance in the second quarter, which was the best annual rate since the third quarter of 2012.
The Ministry of Economic Development had previously estimated GDP growth in the third quarter of 2017 at 2.2 percent.
For 2017, the government expects the economy to expand 2.2 percent while the central bank sees GDP growth at 1.7-2.2 percent.

Joana Ferreira | joana.ferreira@tradingeconomics.com
11/13/2017 6:08:26 PM



Calendar GMT Actual Previous Consensus TEForecast
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 1.8% 2.5% 2.2%
2017-12-12 01:00 PM GDP Growth Rate YoY Final 2.5% 1.8% 1.8%


Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.08 0.43 4.10 -5.40 percent [+]
GDP Annual Growth Rate 1.80 2.50 12.10 -11.20 percent [+]
GDP 1283.20 1365.90 2230.60 195.90 USD Billion [+]
GDP Constant Prices 20952.90 19555.20 23648.40 6567.40 RUB Billion [+]
Gross Fixed Capital Formation 4209.60 2996.40 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 667.90 431.00 1564.90 141.40 RUB Billion [+]
GDP From Construction 1082.10 739.60 1646.20 216.40 RUB Billion [+]
GDP From Manufacturing 2600.30 2155.10 3078.90 1022.90 RUB Billion [+]
GDP From Mining 1870.60 1728.70 1932.70 693.30 RUB Billion [+]
GDP From Public Administration 1509.40 1519.20 1540.50 426.00 RUB Billion [+]
GDP From Transport 1285.30 1240.70 1314.80 584.60 RUB Billion [+]
GDP From Utilities 478.50 623.00 674.80 176.30 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.50 12.10 -11.20 1996 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17