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.