Russia's gross domestic product grew by 2.4 percent year-on-year in December 2019, accelerating from an upwardly revised 1.9 percent expansion in the previous month, boosted by industrial production (2.1 percent vs 0.3 percent in November). Meanwhile, both retail sales (1.9 percent vs 2.3 percent) and construction output (0.4 percent vs 0.3 percent) slowed. Russia GDP YoY - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Leading Economic Index in Russia averaged 1.92 percent from 2005 until 2019, reaching an all time high of 9.90 percent in February of 2008 and a record low of -11.80 percent in May of 2009. This page provides the latest reported value for - Russia GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: Ministry of Economic Development

Leading Economic Index in Russia is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Russia to stand at 2.00 in 12 months time. In the long-term, the Russia GDP YoY is projected to trend around 2.30 percent in 2021, according to our econometric models.


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Russia GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.40 1.90 9.90 -11.80 2005 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-17 02:45 PM Sep 2% 1.7% 1.3% 1.5%
2019-11-20 02:45 PM Oct 2.2% 1.9% 2.4%
2019-12-18 03:30 PM Nov 1.6% 2.3% 1.7%
2020-01-30 03:00 PM Dec 2.4% 1.9% 1.5%
2020-02-20 03:00 PM Jan 2.4% 1.9%
2020-03-20 03:00 PM Feb
2020-04-20 03:00 PM Mar 1.6%
2020-05-26 03:00 PM Apr


News Stream
Russia GDP Grows Faster in December
Russia's gross domestic product grew by 2.4 percent year-on-year in December 2019, accelerating from an upwardly revised 1.9 percent expansion in the previous month, boosted by industrial production (2.1 percent vs 0.3 percent in November). Meanwhile, both retail sales (1.9 percent vs 2.3 percent) and construction output (0.4 percent vs 0.3 percent) slowed.
2020-01-30
Russia GDP Growth Slows in November
Russia's gross domestic product grew by 1.6 percent year-on-year in November 2019, easing from a revised 2.3 percent expansion in the previous month, mainly due to a slowdown in industrial production (0.3 percent vs 2.6 percent) and construction output (0.2 percent vs 1.0 percent). Meanwhile, retail sales rose at faster pace (2.3 percent vs 1.7 percent).
2019-12-18
Russia GDP Grows Faster in October
Russia's gross domestic product grew by 2.2 percent year-on-year in October 2019, following a 1.9 percent expansion in the previous month, boosted by construction (1.0 percent vs 0.8 percent in September) and retail trade (1.6 percent vs 0.7 percent). Also, agriculture activity continued to increase firmly (5.2 percent vs 5.6 percent), while industrial output advanced at softer rate (2.6 percent vs 3.0 percent) due to a slowdown in mining (0.9 percent vs 2.5 percent).
2019-11-20
Russia GDP Growth Eases to 1.6% in August
Russia's gross domestic product expanded 1.6 percent year-on-year in August 2019, easing from a revised 1.8 percent growth in the previous month, mainly due to a slowdown in retail trade (0.8 percent vs 1.1 percent) and agriculture (2.8 percent vs 5.9 percent). In addition, freight turnover continued to contract (-0.7 percent vs -1.1 percent). Meanwhile, output rose faster for industrial production (2.9 percent vs 2.8 percent) and construction (0.3 percent vs 0.2 percent).
2019-09-19

Russia GDP YoY
GDP YoY measures the change in the value of the goods and services produced by the country economy compared to the corresponding month in the previous year.