Russia’s gross domestic product shrank by 2.8 percent year-on-year in February of 2021, following a downwardly revised 2.2 percent contraction in the previous month. Output declined faster for both industrial production (-3.7 percent vs -1.9 percent in January) and retail trade (-1.3 percent vs -0.1 percent). Also, construction activity showed no growth in February, after a 0.1 percent increase. source: Ministry of Economic Development

Leading Economic Index in Russia averaged 1.52 percent from 2005 until 2021, 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. Russia GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Leading Economic Index in Russia is expected to be -2.50 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 3.80 in 12 months time. In the long-term, the Russia GDP YoY is projected to trend around 3.00 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Russia GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -2.20 9.90 -11.80 2005 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-18 05:20 PM Nov -3.7% -4.5% -5.0%
2021-02-18 07:30 PM Dec -3.1% -3.7% -2.8%
2021-02-18 07:30 PM Jan -2.4% -3.1%
2021-03-19 06:35 PM Feb -2.8% -2.2% -1.6%
2021-04-20 06:00 PM Mar -2.8%
2021-05-24 06:00 PM Apr
2021-06-21 06:00 PM May
2021-07-20 06:00 PM Jun
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Russia GDP Contracts at Faster Pace in February
Russia’s gross domestic product shrank by 2.8 percent year-on-year in February of 2021, following a downwardly revised 2.2 percent contraction in the previous month. Output declined faster for both industrial production (-3.7 percent vs -1.9 percent in January) and retail trade (-1.3 percent vs -0.1 percent). Also, construction activity showed no growth in February, after a 0.1 percent increase.
2021-03-19
Russia GDP Contracts 3.7% in November
Russia's gross domestic product contracted 3.7 percent from a year earlier in November of 2020, following a downwardly revised 4.5 percent drop in the previous month. Considering the first eleven months of the year, the economy contracted 3.5 percent.
2020-12-18
Russia GDP Contracts 4.7% in October
Russia's gross domestic product contracted 4.7 percent from a year earlier in October of 2020, following a downwardly revised 3 percent drop in the previous month driven by a decline in manufacturing and agriculture sectors, the ministry said. The cumulative January to October GDP contraction at 3.6%.
2020-11-20
Russia GDP Contracts Less Than Expected
Russia's gross domestic product contracted 3.3 percent from a year earlier in September of 2020, following a revised 3.7 percent drop in the previous month and compared with market expectations of a 3.8 percent decline. In the third quarter the Russian economy shrank by 3.8 percent year-on-year, compared with a fall of 8 percent in the previous quarter, the economy ministry said, adding that in the first nine months of this year it was down by 3.5 percent.
2020-10-20

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.