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 2020, 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. source: Ministry of Economic Development

Leading Economic Index in Russia averaged 1.63 percent from 2005 until 2021, reaching an all time high of 10.90 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 July 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. Looking forward, we estimate Leading Economic Index in Russia to stand at 2.50 in 12 months time. 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
10.90 10.80 10.90 -11.80 2005 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-19 06:35 PM Feb -2.8% -2.2% -1.6%
2021-04-20 05:00 PM Mar 0.5% -2.5% -2.4%
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 06:00 PM Jun 10.9% 9.5%
2021-08-19 06:00 PM Jul
2021-09-20 06:00 PM Aug
2021-10-20 06:00 PM Sep


News Stream
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 Contracts at Faster Pace in February
Russia’s gross domestic product shrank by 2.8 percent year-on-year in February of 2021, following a downwardly revised 2.2 percent contraction in the previous month. Output declined faster for both industrial production (-3.7 percent vs -1.9 percent in January) and retail trade (-1.3 percent vs -0.1 percent). Also, construction activity showed no growth in February, after a 0.1 percent increase.
2021-03-19
Russia GDP Contracts 3.7% in November
Russia's gross domestic product contracted 3.7 percent from a year earlier in November of 2020, following a downwardly revised 4.5 percent drop in the previous month. Considering the first eleven months of the year, the economy contracted 3.5 percent.
2020-12-18

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.