The Gross Domestic Product (GDP) in Russia expanded 0.80 percent in the third 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. source: OECD

GDP Growth Rate in Russia is expected to be 1.10 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 1.00 in 12 months time. In the long-term, the Russia GDP Growth Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.

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Russia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.70 4.10 -5.40 1995 - 2019 percent Quarterly


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.

Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.70 4.10 -5.40 percent [+]
GDP Annual Growth Rate 1.70 0.90 12.10 -11.20 percent [+]
GDP 1657.60 1578.60 2297.10 195.90 USD Billion [+]
GDP Constant Prices 23495.70 21835.80 24553.50 10234.90 RUB Billion [+]
Gross Fixed Capital Formation 4995.80 4603.70 7982.80 1709.70 RUB Billion [+]
GDP per capita 11729.10 11469.70 11729.10 5505.70 USD [+]
GDP per capita PPP 27147.30 25766.90 27147.30 5465.10 USD [+]
GDP From Agriculture 1420.00 599.50 1454.10 141.40 RUB Billion [+]
GDP From Construction 1274.80 1101.50 2043.80 216.40 RUB Billion [+]
GDP From Manufacturing 2795.20 2680.50 3061.80 1022.90 RUB Billion [+]
GDP From Mining 1982.40 2028.10 2084.50 693.30 RUB Billion [+]
GDP From Public Administration 1654.20 1632.70 1654.20 426.00 RUB Billion [+]
GDP From Transport 1505.20 1473.30 1506.90 584.60 RUB Billion [+]
GDP From Utilities 465.00 502.80 665.90 176.30 RUB Billion [+]