Russia's gross domestic product advanced by 4.7 percent year-on-year in July of 2021, following an upwardly revised 8.9 percent rise in the previous month. It was the fifth consecutive month of economic expansion, although the softest since March. Considering the first seven months of the year, the economy rose 4.8 percent. source: Ministry of Economic Development

Leading Economic Index in Russia averaged 1.69 percent from 2005 until 2021, reaching an all time high of 11.10 percent in May of 2021 and a record low of -11.80 percent in May of 2009. This page provides the latest reported value for - Russia GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Leading Economic Index in Russia is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia GDP YoY is projected to trend around 3.00 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Russia GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
4.70 8.90 11.10 -11.80 2005 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-07 06:00 AM Apr 10.7% 0.8% 11.5%
2021-07-01 06:00 AM May 10.9% 10.8% 9.9%
2021-07-28 07:00 PM Jun 8.5% 11.1% 9.5%
2021-09-01 05:50 PM Jul 4.7% 8.9% 5.4%
2021-09-29 06:00 PM Aug 4.7% 4.3%
2021-10-20 06:00 PM Sep
2021-11-22 06:00 PM Oct
2021-12-20 06:00 PM Nov


News Stream
Russia GDP Growth Weakest in 4 Months
Russia's gross domestic product advanced by 4.7 percent year-on-year in July of 2021, following an upwardly revised 8.9 percent rise in the previous month. It was the fifth consecutive month of economic expansion, although the softest since March. Considering the first seven months of the year, the economy rose 4.8 percent.
2021-09-01
Russia GDP Reaches Pre-Pandemic Levels
Russia's gross domestic product rose 8.5 percent year-on-year in June of 2021, following an upwardly revised 11.1 percent increase in the previous month. Regarding the second quarter of 2021, the economy grew by 10.1% in year-on-year terms and reached pre-pandemic levels.
2021-07-28
Russia GDP Grows 10.9% in May
Russia's gross domestic product rose 10.9 percent year-on-year in May 2021, accelerating from an upwardly revised 10.8 percent increase in April. In the first five months of 2021, GDP grew 3.7 percent, rebounding from the corresponding period of 2020, when the economy took a hit from a sharp drop in oil prices and coronavirus-induced lockdowns.
2021-07-01
Russia Economy Grows for First Time Since COVID-19
Russia's gross domestic product grew by 0.5 percent year-on-year in March of 2021, rebounding from a revised 2.5 percent contraction in the previous month. It was the first expansion since March last year, supported by manufacturing and related industries.
2021-04-20

Russia GDP YoY
GDP YoY measures the change in the value of the goods and services produced by the country economy compared to the corresponding month in the previous year.