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
Please Paste this Code in your Website
width
height
 Preview
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Register Login
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Learn More Interested? Click here to contact us



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


Recent Releases

Russia GDP Growth Confirmed At 0.5% In Q1
The Russian economy advanced 0.5 percent year-on-year in the first three months of 2017, in line with preliminary estimates and following a 0.3 percent expansion in the previous quarter. A rebound in mining, manufacturing and trade and a jump in transportation boosted growth, final figures showed. The economy returned to growth after a two-year recession that was mainly caused by low oil prices and sanctions imposed on Russian individuals and businesses in response to the annexation of Crimea.
Published on 2017-06-16

Russian Economy Continues To Recover In Q1
The Russian GDP advanced 0.5 percent year-on-year in the first quarter of 2017, following 0.3 percent growth in the previous period and above market expectations of 0.4 percent, according to preliminary estimates. The economy returned to growth after a two-year recession that was mainly caused by low oil prices and sanctions imposed on Russian individuals and businesses in response to the annexation of Crimea.
Published on 2017-05-18

Russia GDP Expands 1st Time In 2 Years In Q4
The Russian economy advanced 0.3 percent in the fourth quarter of 2016, following 0.4 percent contraction in the previous period. It was the first expansion since the fourth quarter of 2014. Net external demand contributed positively, as exports rose by 3.7 percent (4.2 percent in Q3) and imports edged up 0.3 percent (-3.5 percent in Q3). Also, household spending (-3.2 percent from -4.8 percent in Q3) and investments (-0.3 percent from -0.8 percent) contracted at a slower pace. Meanwhile, government consumption fell 0.5 percent, at the same pace as in the previous period. In 2016, the GDP shrank 0.2 percent.
Published on 2017-05-18

Russia's GDP Contraction Confirmed At 0.4% YoY In Q3
Russian economy shrank 0.4 percent year-on-year in the third quarter of 2016, following 0.6 percent fall in the previous period, and in line with preliminary estimates. It was the smallest contraction in seven quarters, driven by lower drop in construction, public administration, transport and accelerated growth for mining and quarrying and agriculture. Russia remained stuck in recession, led by low oil prices, and sanctions over Ukraine that closed access to capital markets.
Published on 2016-12-13



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