Russia's gross domestic product expanded by 4.9% year-on-year in the second quarter of 2023, compared with market expectations of a 4.7% advance and recovering from a 1.8% contraction in the previous period, preliminary estimates showed. It was the first expansion since the first quarter of 2022 when Russia invaded Ukraine and associated international sanctions started to roll over. source: Federal State Statistics Service
GDP Annual Growth Rate in Russia averaged 2.59 percent from 1996 until 2023, reaching an all time high of 12.10 percent in the fourth quarter of 1999 and a record low of -11.20 percent in the second quarter of 2009. This page provides the latest reported value for - Russia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.
GDP Annual Growth Rate in Russia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia GDP Annual Growth Rate is projected to trend around 0.50 percent in 2024 and 1.20 percent in 2025, according to our econometric models.