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.

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Russia Monthly GDP YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-11-30 05:25 PM Oct -4.4% -4.5% -4.9%
2022-12-28 04:15 PM Nov -4% -4.5% -4.5%
2023-02-08 06:00 PM Dec -4% -3.9%

Russia Monthly GDP YoY
In Russia, Monthly GDP YoY measures the change in the value of the goods and services produced by the country's economy compared to the corresponding month in the previous year.
Actual Previous Highest Lowest Dates Unit Frequency
-4.00 -4.50 11.60 -11.80 2005 - 2022 percent Monthly

News Stream
Russian Economy Contracts 4% YoY in November
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.
2022-12-28
Russian Economy Shrinks for 6th Month
Russia's economy shrank by 5% year-on-year in September of 2022, following a downwardly revised 4 percent contraction in August. It was the sixth consecutive month of economic downturn, amid weaker domestic demand due to the fallout from the war with Ukraine and associated international sanctions. Considering the January-September period of 2022, the economy decreased by 2% compared to the same period a year ago. The ministry estimated that the GDP contracted 4.4 percent year-on-year in the Q3 2022.
2022-11-02
Russia Economy Contracts Less than Expected
Russia's economy shrank by 4.1% year-on-year in August of 2022, compared with market expectations of a 4.8% decline. It was the fifth consecutive month of economic downturn, amid weaker domestic demand due to the fallout from the war with Ukraine and associated international sanctions. Considering the January-August period of 2022, the economy decreased by 1.5% compared to the same period a year ago.
2022-09-28