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.

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Russia GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-3.30 -3.70 9.90 -11.80 2005 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-17 04:45 PM Jun -6.4% -10.7% -7.6%
2020-08-20 05:05 PM Jul -4.7% -6.4% -4.4%
2020-09-18 04:15 PM Aug -4.3% -4.6% -2.3%
2020-10-20 05:10 PM Sep -3.3% -3.7% -3.8% -3.6%
2020-11-20 03:00 PM Oct -3.3%
2020-12-18 03:00 PM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Contraction Slows in August
Russia's gross domestic product shrank 4.3 percent from a year earlier in August of 2020, less than a downwardly revised 4.7 percent drop in the previous month. Output shrank at a softer pace for industrial activity (-7.2 percent vs -8 percent) while both retail trade (1 percent vs 1.4 percent) and construction (-0.6 percent vs -0.2 percent) fell faster. Considering the first eight months of the year, the economy contracted 3.6 percent.
2020-09-18
Russia GDP Growth at Over 3-1/2-Year High in February
Russia's gross domestic product grew by 2.9 percent year-on-year in February 2020, accelerating from an upwardly revised 1.7 percent expansion in the previous month. It was the highest monthly GDP growth since June 2016, boosted by industrial production (3.3 percent vs 1.1 percent in January), retail sales (4.7 percent vs 2.7 percent) and construction output (2.3 percent vs 1 percent).
2020-03-23
Russia GDP Growth Slows to 5-Month Low in January
Russia’s gross domestic product grew by 1.6 percent year-on-year in January 2020, easing from a downwardly revised 2.3 percent expansion in the previous month. It was the weakest pace of expansion since August, mainly due to a slowdown in industrial production (1.1 percent vs 1.7 percent in December). Meantime, growth picked up in construction (1.0 percent vs 0.4 percent) and retail trade (2.7 percent vs 1.9 percent).
2020-02-20

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.