Russia’s economy expanded by 1.3% year-on-year in the second quarter of 2026, rebounding from a 0.2% contraction in the previous quarter and marking the strongest growth since the third quarter of 2025, preliminary estimates showed. The result exceeded forecasts from the Central Bank and Economy Ministry of 0.8% and 0.9%, respectively, with stable domestic demand and stronger consumer activity driving the recovery. Retail turnover rose 7.2% year-on-year, helping offset pressures from Ukrainian drone strikes on Russian oil refineries and e-commerce warehouses. Nevertheless, the economy continues to face high borrowing costs, labor shortages, inflation and Western sanctions, while the Bank of Russia has kept its key interest rate elevated at 14%. The central bank recently lowered its full-year GDP growth forecast to 0-1% from 0.4-1.3%, highlighting persistent structural pressures despite the stronger second-quarter performance. source: Federal State Statistics Service

The Gross Domestic Product (GDP) in Russia expanded 1.30 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Russia averaged 2.77 percent from 1996 until 2026, 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 August of 2026.

The Gross Domestic Product (GDP) in Russia expanded 1.30 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual 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. In the long-term, the Russia GDP Annual Growth Rate is projected to trend around 1.50 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-17 04:00 PM
YoY Final
Q1 -0.2% 1% -0.2% -0.2%
2026-08-12 04:00 PM
YoY Prel
Q2 1.3% -0.2% 0.2%
2026-09-11 04:00 PM
YoY Final
Q2 -0.2% 1.3% 1.3%


Related Last Previous Unit Reference
Full Year GDP Growth 1.00 4.10 percent Dec 2025
GDP Growth Rate YoY 1.30 -0.20 percent Jun 2026
GDP Constant Prices 29762.60 37575.62 RUB Billion Mar 2026
GDP from Agriculture 664.40 1415.50 RUB Billion Mar 2026
GDP from Construction 979.50 2723.90 RUB Billion Mar 2026
GDP from Manufacturing 4526.30 6137.80 RUB Billion Mar 2026
GDP from Mining 3674.90 4143.10 RUB Billion Mar 2026
GDP from Public Administration 2911.00 2626.20 RUB Billion Mar 2026
GDP from Transport 1857.90 2203.50 RUB Billion Mar 2026
GDP from Utilities 857.50 797.60 RUB Billion Mar 2026
Gross Fixed Capital Formation 5256.90 11827.20 RUB Billion Mar 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.30 -0.20 12.10 -11.20 1996 - 2026 percent Quarterly

News Stream
Russia GDP Rebounds in Q2
Russia’s economy expanded by 1.3% year-on-year in the second quarter of 2026, rebounding from a 0.2% contraction in the previous quarter and marking the strongest growth since the third quarter of 2025, preliminary estimates showed. The result exceeded forecasts from the Central Bank and Economy Ministry of 0.8% and 0.9%, respectively, with stable domestic demand and stronger consumer activity driving the recovery. Retail turnover rose 7.2% year-on-year, helping offset pressures from Ukrainian drone strikes on Russian oil refineries and e-commerce warehouses. Nevertheless, the economy continues to face high borrowing costs, labor shortages, inflation and Western sanctions, while the Bank of Russia has kept its key interest rate elevated at 14%. The central bank recently lowered its full-year GDP growth forecast to 0-1% from 0.4-1.3%, highlighting persistent structural pressures despite the stronger second-quarter performance.
2026-08-12
Russia GDP Contracts for 1st Time in 3 Years
The Russian GDP contracted by 0.2% from the previous year in the first quarter of 2026, aligned with the preliminary estimate to confirm the first annual decline since the first quarter of 2023. Output contracted for manufacturing (-1.5%), professional, scientific, and technical activities (-6.1%), and transportation and storage (-1.8%). The data was aligned with the government's downgrade of the year's expected GDP to 0.4% from an earlier estimate of 1.3%. The downturn occurred despite a sharp rise in the prices of key Russian exports, including oil, natural gas, coal, industrial metals, and grains, following disruptions to Middle Eastern shipping routes caused by the war. Economic activity also weakened even as the Duma ramped up deficit spending in an effort to support an economy still constrained by Western sanctions, which continue to isolate Russian producers and financial institutions from international markets.
2026-06-17
Russia GDP Contracts in Q1
Russia’s economy contracted by 0.2% year-on-year in the first quarter of 2026, marking its first annual decline in three years and reversing from a 1% expansion in the previous quarter. The data came just days after the Russian government downgraded its full-year GDP growth forecast to 0.4% from an earlier estimate of 1.3%. The downturn occurred despite a sharp rise in the prices of key Russian exports, including oil, natural gas, coal, industrial metals, and grains, following disruptions to Middle Eastern shipping routes caused by the war. Economic activity also weakened even as the Duma ramped up deficit spending in an effort to support an economy still constrained by Western sanctions, which continue to isolate Russian producers and financial institutions from international markets. Meanwhile, Russia’s energy revenues fell by 40% year-on-year in the 12 months through April, while interest rates set by the Bank of Russia are expected to remain elevated.
2026-05-15