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

Russia's gross domestic product grew by 1.3 percent year-on-year in the first quarter of 2018, following a 0.9 percent expansion reported in the previous period, a preliminary estimate showed. It was the sixth straight quarter of growth after two years of contraction. GDP Annual Growth Rate in Russia averaged 2.97 percent from 1996 until 2018, 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 Economy Grows 1.3% in Q1


Russia's gross domestic product grew by 1.3 percent year-on-year in the first quarter of 2018, following a 0.9 percent expansion reported in the previous period, a preliminary estimate showed.

It was the sixth straight quarter of growth after two years of contraction.

The Ministry of Economic Development had previously estimated GDP growth in the first quarter at 1.1 percent.

The Bank of Russia recently lowered its estimate of GDP annual growth for the first quarter to 1.3-1.5 percent, from 1.5-1.8 percent previously estimated, due to the weakening of business activity in March amid unusual cold weather. While the low temperatures contributed to the growth of thermal and electric power production, supporting industrial production as a whole; they also led to a reduction in the volume of contract works in construction, which affected fixed assets investment.

The central bank also expects GDP growth to slow to 1-1.4 percent in the second quarter of 2018.



Joana Ferreira | joana.ferreira@tradingeconomics.com
5/16/2018 3:16:18 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-12 01:00 PM GDP Growth Rate YoY Final 1.8% 2.5% 1.8% 1.8%
2018-04-02 10:00 AM GDP Growth Rate YoY 0.9% 2.2% 1.1%
2018-05-16 01:00 PM GDP Growth Rate YoY Prel 1.3% 0.9% 1.1%
2018-06-18 01:00 PM GDP Growth Rate YoY Final 0.9% 1.3% 1.3%
2018-08-10 01:00 PM GDP Growth Rate YoY Prel 1.2%
2018-09-10 01:00 PM GDP Growth Rate YoY Final


Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.38 0.04 4.10 -5.40 percent [+]
GDP Annual Growth Rate 1.30 0.90 12.10 -11.20 percent [+]
GDP 1283.20 1365.90 2230.60 195.90 USD Billion [+]
GDP Constant Prices 23723.10 22763.90 23723.10 6567.40 RUB Billion [+]
Gross Fixed Capital Formation 7490.40 4457.60 7490.40 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 987.20 1541.90 1541.90 141.40 RUB Billion [+]
GDP From Construction 1731.00 1362.00 1731.00 216.40 RUB Billion [+]
GDP From Manufacturing 2969.90 2669.50 3055.80 1022.90 RUB Billion [+]
GDP From Mining 1897.10 1802.10 1913.60 693.30 RUB Billion [+]
GDP From Public Administration 1591.30 1589.20 1591.30 426.00 RUB Billion [+]
GDP From Transport 1396.00 1442.40 1442.40 584.60 RUB Billion [+]
GDP From Utilities 638.40 457.70 665.80 176.30 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 0.90 12.10 -11.20 1996 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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