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. source: Ministry of Economic Development
Leading Economic Index in Russia averaged 1.65 percent from 2005 until 2020, 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 October of 2020.
Leading Economic Index in Russia is expected to be 2.00 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.