Name: Russia Full Year GDP Growth
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/

Full Year GDP Growth in Russia increased to 4.70 percent in 2021 from -2.70 percent in 2020. source: Federal State Statistics Service

Full Year GDP Growth in Russia averaged 1.35 percent from 2012 until 2021, reaching an all time high of 4.70 percent in 2021 and a record low of -2.70 percent in 2020. This page includes a chart with historical data for Russia Full Year Gdp Growth. Russia Full Year GDP Growth - values, historical data and charts - was last updated on October of 2022.

Full Year GDP Growth in Russia is expected to reach -3.70 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Full Year GDP Growth is projected to trend around -4.90 percent in 2023 and -3.60 percent in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	-0.80	3.20	percent	Sep 2021
GDP Annual Growth Rate	-4.10	3.50	percent	Jun 2022
GDP	1775.80	1488.32	USD Billion	Dec 2021

Russia Full Year GDP Growth

Russia is one of the world's leading producers of oil and natural gas and is also a top exporter of metals such as steel and primary aluminum. On the production side, services are the biggest sector of the economy and account for 58 percent of GDP. Within services the most important segments are: wholesale and retail trade (17 percent of total GDP); and public administration, health and education (12 percent). Industry constitutes 40 percent to total output and agriculture accounts for the remaining 2 percent.