GDP in Russia
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
|Economic Growth (GDP, annual variation in %)||1.8||0.7||-2.5||-0.2||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Russia GDP Chart
Source: Russian Federal State Statistics Service (Rosstat) and Met the why particular calculations.
|Bond Yield||7.55||0.13 %||Jun 14|
|Exchange Rate||63.12||-0.12 %||Jun 14|
|Stock Market||2,253||-1.03 %||Jun 14|
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June 8, 2018
Merchandise exports totaled USD 36.2 billion in April, which represented a robust 38.9% expansion from the USD 26.1 billion sum recorded in the same month of the previous year.
June 5, 2018
In May, consumer prices rose 0.4% from the previous month, matching April’s reading and market expectations.
May 31, 2018
Industrial production picked up in April, according to the Federal State Statistics Service (Rosstat).
May 17, 2018
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.
May 11, 2018
Merchandise exports totaled USD 36.9 billion in March, recording a healthy 17.8% expansion from the USD 31.3 billion observed in the same month of 2017.