The economy of Russia grew 4.3 percent year-on-year in the third quarter of 2021, easing from a 10.5 percent increase in the previous period, and below market expectations of a 4.6 percent increase, a preliminary reading showed. The growth rate eased from its highest since 2000, as the low base effects due to the pandemics started to fade. Still, the Russian economy already recovered its pre-pandemic levels buoyed by a rebound in global commodity prices. source: Federal State Statistics Service

GDP Annual Growth Rate in Russia averaged 2.76 percent from 1996 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Russia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia GDP Annual Growth Rate is projected to trend around 2.50 percent in 2022 and 2.80 percent in 2023, according to our econometric models.

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Russia GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-10 04:00 PM YoY Final Q2 10.5% -0.7% 10.3% 10.3%
2021-11-17 04:00 PM YoY Prel Q3 4.3% 10.5% 4.6% 4.2%
2021-12-15 04:00 PM YoY Final Q3 10.5% 4.3% 4.3%


Related Last Previous Unit Reference
GDP Annual Growth Rate 4.30 10.50 percent Sep/21
GDP Constant Prices 22275.50 20514.80 RUB Billion Jun/21
Gross Fixed Capital Formation 4624.40 3193.20 RUB Billion Jun/21
GDP From Utilities 506.70 679.90 RUB Billion Jun/21
GDP From Transport 1412.80 1308.70 RUB Billion Jun/21
GDP From Public Administration 1639.10 1641.70 RUB Billion Jun/21
GDP From Mining 1861.40 1798.20 RUB Billion Jun/21
GDP From Manufacturing 2787.50 2478.40 RUB Billion Jun/21
GDP From Construction 1111.60 712.00 RUB Billion Jun/21
GDP From Agriculture 631.30 439.50 RUB Billion Jun/21
Gross National Product 65166840.30 59321789.00 RUB Million Dec/15

News Stream
Russia GDP Growth Eases More Than Expected
The economy of Russia grew 4.3 percent year-on-year in the third quarter of 2021, easing from a 10.5 percent increase in the previous period, and below market expectations of a 4.6 percent increase, a preliminary reading showed. The growth rate eased from its highest since 2000, as the low base effects due to the pandemics started to fade. Still, the Russian economy already recovered its pre-pandemic levels buoyed by a rebound in global commodity prices.
2021-11-17
Russia Q2 GDP Growth Revised Higher
Russia's gross domestic product expanded 10.5 percent year-on-year in the second quarter of 2021, more than preliminary estimates of a 10.3 percent growth and ending a four consecutive periods of contraction. It was the strongest growth since the third quarter of 2000, with the economy recovering to pre-pandemic levels buoyed by a rebound in global commodity prices.
2021-09-10
Russia GDP Grows Most Since 2000
The economy of Russia grew 10.3 percent year-on-year in the second quarter of 2021, following a 0.7 percent contraction in the previous period, a preliminary reading showed. It was the strongest growth since the third quarter of 2000, with the economy recovering to levels not seen since late 2019 and on track to grow by 4.0-4.5% in 2021, despite a sharp monetary tightening meant to curb inflation.
2021-08-13

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.