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

Russia's gross domestic product advanced by 1.3 percent year-on-year in the first quarter of 2018, matching the preliminary estimate and following a 0.9 percent growth in the previous period. The stronger expansion was mainly driven by gains in financial and insurance, real estate activities and public administration. In addition, output rebounded for manufacturing and mining. GDP Annual Growth Rate in Russia averaged 3.02 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 GDP Growth Confirmed at 1.3% YoY in Q1


Russia's gross domestic product advanced by 1.3 percent year-on-year in the first quarter of 2018, matching the preliminary estimate and following a 0.9 percent growth in the previous period. The stronger expansion was mainly driven by gains in financial and insurance, real estate activities and public administration. In addition, output rebounded for manufacturing and mining.

The services sector contributed significantly to growth, as sharper rises were reported for: financial and insurance activities (5.9 percent from 5.3 percent in Q4); real estate activities (3.9 percent from 2.4 percent); public administration and defence; compulsory social security (2.3 percent from 0.8 percent) and professional, scientific and technical activities (2.8 percent from 2.2 percent). Meanwhile, wholesale and retail trade showed no growth (from 3.6 percent in Q4) and output slowed for transportation and storage (0.9 percent from 1.1 percent); accommodation and food service activities (3.4 percent from 3.9 percent); information and communication (0.3 percent from 7 percent) and administrative and support service activities (0.6 percent from 3.4 percent).

Within industrial activity, output recovered for: manufacturing (1.9 percent from -2.8 percent); mining and quarrying (0.7 percent from -0.9 percent); electricity, gas and steam, air conditioning (2.1 percent from -4.1 percent); water supply, water disposal, organization of waste collection and disposal, pollution control activities (0.2 percent from -1.8 percent). In contrast, the construction sector contracted (-5.1 percent from 1.7 percent).

In addition, agriculture, forestry and fishing shrank by 0.1 percent, compared to a 0.5 percent fall in the fourth quarter of 2017.


Federal State Statistics Service | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/18/2018 2:26:44 PM



Calendar GMT Actual Previous Consensus TEForecast
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 1.3% 0.9% 1.3% 1.3%
2018-08-10 01:00 PM GDP Growth Rate YoY Prel 1.3% 1.2%
2018-09-10 01:00 PM GDP Growth Rate YoY Final 1.3%
2018-11-13 01:00 PM GDP Growth Rate YoY Prel 1.5%


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 19992.50 23723.10 24093.50 13332.00 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 447.20 987.20 1541.90 141.40 RUB Billion [+]
GDP From Construction 712.80 1731.00 1731.00 216.40 RUB Billion [+]
GDP From Manufacturing 2188.80 2969.90 3055.80 1022.90 RUB Billion [+]
GDP From Mining 1878.60 1897.10 1913.60 693.30 RUB Billion [+]
GDP From Public Administration 1612.80 1591.30 1612.80 426.00 RUB Billion [+]
GDP From Transport 1347.30 1396.00 1442.40 584.60 RUB Billion [+]
GDP From Utilities 656.70 638.40 665.80 176.30 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 June 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
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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