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.