Russia's gross domestic product rose 3.7 percent year-on-year in August of 2021, following an upwardly revised 4.9 percent rise in the previous month. It was the sixth consecutive month of economic expansion. Output eased for construction (6.2 percent vs 9.3 percent) and industrial production (4.7 percent vs 7.2 percent) but rose faster for retail sales (5.3 percent vs 5.1 percent). source: Ministry of Economic Development
Leading Economic Index in Russia averaged 1.70 percent from 2005 until 2021, reaching an all time high of 11.10 percent in May of 2021 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 2021.
Leading Economic Index in Russia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia GDP YoY is projected to trend around 3.00 percent in 2022 and 2.70 percent in 2023, according to our econometric models.