The Gross Domestic Product (GDP) in Russia contracted 0.40 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Russia averaged 0.72 percent from 1995 until 2019, reaching an all time high of 4.10 percent in the first quarter of 1999 and a record low of -5.40 percent in the third quarter of 1998.
GDP Growth Rate in Russia is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Russia to stand at 0.40 in 12 months time. In the long-term, the Russia GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.