The biggest downward pressure came from agriculture, hunting and forestry (-9.5 percent). Government spending fell 0.7 percent and education 0.2 percent. The biggest upwards pressure came from financial services (+11.1 percent), hotels and restaurants (+5.6 percent) and real estate (+4.3 percent).
Russian economy expanded at the slowest pace since it began recovering at the start of 2010 as stuttering global growth curbed demand for commodities exports. Exports in the fourth quarter were up 1.4 percent year-on-year and imports increased 9.2 percent.
For 2012, the statistics service reiterated its first estimate of economic growth at 3.4 percent, down from 4.3 percent in 2011 and 4.5 percent in 2010.