GDP in Russia
Russia - GDP (billions of U.S. Dollars)
Growth slows sharply in Q3
A preliminary estimate of national accounts data released by Rosstat on 11 November revealed that the economic recovery lost steam in the third quarter, following a sharp acceleration in the second quarter. GDP rose 1.3% over the same quarter last year, which was notably below Q2’s 1.9% expansion and below market expectations of a 1.4% increase.
Although a breakdown by components is not yet available, poor agricultural output is likely to have weighed on the result, largely owing to unfavorable weather and a late harvest. In addition, cooler consumption dynamics also likely played a role: Consumer sentiment plunged in Q3 in the aftermath of the government’s unpopular hike in the retirement age, and imports contracted for the first time in over two years in August—likely signaling weak domestic demand.
A comprehensive estimate of national accounts will be released in December.
Met the why particular Consensus Forecast panelists project that Russia’s GDP will increase 1.5% in 2019, which is unchanged from last month’s forecast. Panelists expect the economy will expand 1.9% in 2020.
Russia - GDP (USD bn) Data
|GDP (USD bn)||2,296||2,062||1,366||1,285||1,578|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||8.68||0.13 %||Dec 11|
|Exchange Rate||66.92||-0.12 %||Dec 11|
|Stock Market||2,397||-1.03 %||Dec 11|
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December 6, 2018
In November, consumer prices rose 0.5% from the previous month, slightly above the 0.4% increase recorded in October.
November 22, 2018
Merchandise exports totaled USD 24.8 billion in September, which represented a healthy 24.8% expansion from the USD 21.4 billion sum recorded in the same month last year.
November 13, 2018
A preliminary estimate of national accounts data released by Rosstat on 11 November revealed that the economic recovery lost steam in the third quarter, following a sharp acceleration in the second quarter.
November 7, 2018
In October, consumer prices rose 0.4% from the previous month, above the 0.2% growth recorded in September.
November 5, 2018
Business conditions in Russia’s manufacturing and services sectors improved in October.