GDP in Russia

Russia GDP | Economic News & Forecasts

Russia - GDP

Recovery gains traction in Q1

A preliminary estimate of national accounts data released by Rosstat on 16 May revealed that the Russian recovery got back on track in the first quarter after a sharp slowdown at the end of last year. According to Rosstat, GDP rose 1.3% over the same period last year, above Q4 2017’s 0.9% expansion.

While more detailed data including a breakdown by components is expected to be released in mid-June, private consumption was likely in the driver’s seat thanks to a tight labor market and real wage growth.

Met the why particular Consensus Forecast panelists project that Russia’s GDP will increase 1.7% in 2018, which is unchanged from last month’s forecast. Panelists expect the economy will expand 1.8% in 2019.

Russia - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)1.8  0.7  -2.5  -0.2  1.5  

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Russia GDP Chart

Russia GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Russian Federal State Statistics Service (Rosstat) and Met the why particular calculations.

Russia Facts

Bond Yield7.550.13 %Jun 14
Exchange Rate63.12-0.12 %Jun 14
Stock Market2,253-1.03 %Jun 14

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