Russia’s economy shrank by 4 percent year-on-year in November of 2022, easing from an upwardly revised 4.5 percent contraction in the previous month. It was the seventh consecutive monthly contraction in the Russian economy, pressured by weaker domestic demand due to sweeping Western sanctions in retaliation to Moscow’s invasion of Ukraine. In its latest policy decisions, the Central Bank of Russia also cited labor shortages due to the military mobilization as constraints to the growth of the Russian economy. Considering the January-November of 2022, the economy decreased by 2.1% compared to the same period of the previous year. source: Ministry of Economic Development
Monthly GDP YoY in Russia averaged 1.58 percent from 2005 until 2022, reaching an all time high of 11.60 percent in May of 2021 and a record low of -11.80 percent in May of 2009. This page includes a chart with historical data for Russia Monthly GDP YoY. Russia Monthly GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Monthly GDP YoY in Russia is expected to be -3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.