Russia GDP Annual Growth Rate  1996-2018 | Data | Chart | Calendar

Russia's gross domestic product grew by 1.8 percent year-on-year in the third quarter of 2017, unrevised from the preliminary estimate and following a 2.5 percent expansion reported in the previous period. In 2017, the economy expanded by 1.5 percent, compared with a 0.2 percent contraction in 2016, a preliminary estimate showed. It was the first year of growth since 2014, mainly boosted by a rebound in mining. 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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Russian Economy Grows for First Time in 3 Years


Russia's gross domestic product expanded by 1.5 percent year-on-year in 2017, compared with a 0.2 percent contraction in 2016, a preliminary estimate showed. It was the first year of growth since 2014.

The secondary sector contributed positively to growth, mainly due to a rebound in mining (1.4 percent vs -2.8 percent 2016) and electricity, gas and steam, air conditioning (0.3 percent vs -0.4 percent). Also, output continued to grow for both manufacturing (0.4 percent vs 2.3 percent) and water supply, water disposal, organization of waste collection and disposal, pollution control activities (0.2 percent vs 1 percent). By contrast, construction output contracted for the fifth consecutive year (-0.2 percent vs -0.8 percent)

Within services, output rose for: transportation and storage (3.7 percent vs -4.5 percent in 2016); wholesale and retail trade (3.1 percent vs -5.6 percent); hotels and restaurants (2.2 percent vs -0.4 percent); financial and insurance activities (2.5 percent vs 1.4 percent); administrative and related additional services (2 percent vs -1.2 percent); real estate (2.2 percent vs 2.9 percent); and information and communication activities (3.6 percent vs 7.2 percent).

Agriculture rose by 1.2 percent after a 3.2 percent advance in the previous year.

The country's central bank was expecting the GDP growth at 1.7-2.2 percent, while the economy ministry had forecast an expansion of 1.4-1.8 percent.


Federal State Statistics Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/1/2018 2:22:29 PM



Calendar GMT Actual Previous Consensus TEForecast
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 1.8% 2.5% 1.8% 1.8%
2018-04-03 01:00 PM GDP Growth Rate YoY 1.8%
2018-05-17 01:00 PM GDP Growth Rate YoY Prel 1.90%
2018-06-18 01:00 PM GDP Growth Rate YoY Final


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 22899.80 20952.90 23648.40 6567.40 RUB Billion [+]
Gross Fixed Capital Formation 4538.00 4209.60 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 1624.60 667.90 1624.60 141.40 RUB Billion [+]
GDP From Construction 1298.40 1082.10 1646.20 216.40 RUB Billion [+]
GDP From Manufacturing 2726.80 2600.30 3078.90 1022.90 RUB Billion [+]
GDP From Mining 1948.70 1870.60 1948.70 693.30 RUB Billion [+]
GDP From Public Administration 1527.20 1509.40 1540.50 426.00 RUB Billion [+]
GDP From Transport 1371.80 1285.30 1371.80 584.60 RUB Billion [+]
GDP From Utilities 471.70 478.50 674.80 176.30 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 February of 2018.

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
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 3.00 Sep/17
South Korea 3.00 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Australia 2.80 Sep/17
Euro Area 2.70 Dec/17
United States 2.50 Dec/17
France 2.40 Dec/17
Mexico 1.80 Dec/17
Russia 1.80 Sep/17
Italy 1.60 Dec/17
Japan 1.50 Dec/17
United Kingdom 1.50 Dec/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17


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