Russia's gross domestic product contracted 0.8 percent on quarter in the three months to September 2021, according to OECD's latest data. source: OECD

GDP Growth Rate in Russia averaged 0.70 percent from 1995 until 2021, reaching an all time high of 4.10 percent in the first quarter of 1999 and a record low of -5.40 percent in the third quarter of 1998. This page provides the latest reported value for - Russia GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia GDP Growth Rate - values, historical data and charts - was last updated on August of 2022.

GDP Growth Rate in Russia is expected to be -4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia GDP Growth Rate is projected to trend around 1.00 percent in 2023 and 0.00 percent in 2024, according to our econometric models.

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Russia GDP Growth Rate



Related Last Previous Unit Reference
GDP Growth Rate -0.80 3.20 percent Sep 2021
GDP Annual Growth Rate -4.00 3.50 percent Jun 2022
GDP 1775.80 1488.32 USD Billion Dec 2021
GDP Constant Prices 21357.20 26426.40 RUB Billion Mar 2022
Full Year GDP Growth 4.70 -2.70 percent Dec 2021

Russia GDP Growth Rate
Russia is the largest country in the world and the eleventh biggest economy. The Russian economy is commodity-driven. Russia is the world’s largest producer of oil (14 percent of world output), natural gas (18 percent) and nickel (12 percent). The energy sector is the most important, it contributes 20-25 percent of GDP, 65 percent of total exports and 30 percent of government budget revenue.
Actual Previous Highest Lowest Dates Unit Frequency
-0.80 3.20 4.10 -5.40 1995 - 2021 percent Quarterly