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.

Russia GDP Growth Rate
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Forecast Data Chart
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Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.40 0.10 4.10 -5.40 percent [+]
GDP Annual Growth Rate 0.50 2.70 12.10 -11.20 percent [+]
GDP 1657.60 1578.60 2297.10 195.90 USD Billion [+]
GDP Constant Prices 20201.10 24553.50 24553.50 13332.00 RUB Billion [+]
Gross Fixed Capital Formation 3266.10 7593.90 7593.90 1709.70 RUB Billion [+]
GDP per capita 11729.10 11469.70 11729.10 5505.70 USD [+]
GDP per capita PPP 24790.65 24416.60 25551.10 11917.80 USD [+]
GDP From Agriculture 416.00 889.70 1541.90 141.40 RUB Billion [+]
GDP From Construction 728.00 2043.80 2043.80 216.40 RUB Billion [+]
GDP From Manufacturing 2322.50 2927.70 3055.80 1022.90 RUB Billion [+]
GDP From Mining 2001.80 2084.50 2084.50 693.30 RUB Billion [+]
GDP From Public Administration 1620.30 1643.00 1643.00 426.00 RUB Billion [+]
GDP From Transport 1424.70 1460.80 1489.20 584.60 RUB Billion [+]
GDP From Utilities 641.90 630.50 665.80 176.30 RUB Billion [+]


Russia GDP Growth Rate

Russia is the largest country in the world and the eleventh biggest economy. The Russian economy is commodity-driven. Russia is the world’s largest producer of oil (14 percent of world output), natural gas (18 percent) and nickel (12 percent). The energy sector is the most important, it contributes 20-25 percent of GDP, 65 percent of total exports and 30 percent of government budget revenue. This page provides the latest reported value for - Russia GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.10 4.10 -5.40 1995 - 2019 percent Quarterly




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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