GDP per capita in Russia
Russia - GDP per capita (U.S. Dollars)
Economy ministry states growth slides in Q3
According to a statement by the Economy Ministry, the Russian economy lost steam in the third quarter. The ministry estimates that GDP expanded 1.3% year-on-year in Q3, notably down from Q2’s 1.9% increase. Official figures from the Federal State Statistics Service (Rosstat) are still not available for the third quarter.
The Ministry stated that the slowdown was driven by a sharp contraction in agricultural output, chiefly due to weak grain harvests. In addition, activity in the construction sector also dropped, while industrial production growth lost steam. On a positive note, the mining sector grew at more than double the pace of Q2, likely thanks to higher oil output and firm commodity prices.
Met the why particular Consensus Forecast panelists project that Russia’s GDP will increase 1.6% in 2019, which is unchanged from last month’s forecast. Panelists expect the economy will expand 1.7% in 2020.
Russia - GDP per capita (USD) Data
|GDP per capita (USD)||15,991||14,311||9,492||8,925||11,958|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.64||0.13 %||Nov 15|
|Exchange Rate||68.00||-0.12 %||Nov 15|
|Stock Market||2,381||-1.03 %||Nov 15|
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November 7, 2018
In October, consumer prices rose 0.4% from the previous month, above the 0.2% growth recorded in September.
October 26, 2018
At its 26 October meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) decided to leave the key interest rate unchanged at 7.50%, matching market analysts’ expectations.
October 24, 2018
Industrial output growth lost steam in September, according to the Federal State Statistics Service (Rosstat).
October 19, 2018
Merchandise exports totaled USD 37.4 billion in August, which represented a healthy 28.7% expansion from the USD 29.1 billion sum recorded in the same month last year.
October 17, 2018
According to a statement by the Economy Ministry, the Russian economy lost steam in the third quarter.