Russia GDP

The Gross Domestic Product (GDP) in Russia was worth 2014.80 billion US dollars in 2012. The GDP value of Russia represents 3.25 percent of the world economy. GDP in Russia is reported by the World Bank. From 1989 until 2012, Russia GDP averaged 741.3 USD Billion reaching an all time high of 2014.8 USD Billion in December of 2012 and a record low of 195.9 USD Billion in December of 1999. This page provides - Russia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2014.80 1899.10 2014.80 195.90 2354.56 | 2014/06 1989 - 2012 USD Billion Yearly

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Russia GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate -0.50 2014-03-31 0.90 4.10 -5.40 0.30 2014-06-30 Percent [+]
GDP Annual Growth Rate 0.80 2014-03-31 2.00 12.10 -11.20 1.19 2014-06-30 Percent [+]
GDP per capita 6834.00 2012-12-31 6633.07 6834.00 3300.04 7210.83 2014-06-30 USD [+]
GDP per capita PPP 15177.27 2012-12-31 14731.03 15177.27 7328.87 16014.15 2014-06-30 USD [+]
GDP Constant Prices 11946.20 2013-11-15 11410.30 279185.60 9645.80 29092.96 2014-06-30 RUB Billion [+]
Gross Fixed Capital Formation 5486.20 2013-11-15 3653.60 5486.20 8.70 4637.73 2014-06-30 RUB Billion [+]
GDP 2014.80 2012-12-31 1899.10 2014.80 195.90 2354.56 2014-06-30 USD Billion [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Russia Trade Surplus Narrows Sharply in February  
Russian trade surplus decreased 34 percent in February of 2014 over the previous month to USD 12.43 billion, mainly due to a sharp fall in exports to countries outside the Commonwealth of Independent States. Compared with the same month last year, the surplus narrowed 18.5 percent.
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In the fourth quarter of 2013, Russian GDP advanced a seasonally adjusted 0.9 percent over the previous quarter. Considering full 2013, the economy expanded 1.3 percent.
Russia Inflation Rate Up to 9-Month High  
In March of 2014, Russian annual inflation rate rose for the second straight month to 6.9 percent, up from 6.2 percent in February, driven by higher cost of milk, fruit, electricity and gas.
Russian GDP Growth Beats Expectations in Q4  
The Russian economy advanced at a faster than expected 2 percent year-on-year in the last three months of 2013, up from a revised 1.3 percent expansion in the previous period. GDP growth in 2013 as a whole was 1.3 percent.
Russia Unemployment Rate Unchanged at 5.6%  
In February of 2014, Russian jobless rate remained steady at 5.6 percent, the same rate recorded in the previous two months.
Russia Trade Surplus Up to 2-Year High  
In the first month of 2014, Russian trade surplus widened to USD 18.86 billion, up from USD 15.8 billion a month earlier and USD 17.21 billion in the same month last year, as imports dropped to the lowest value in three years.
Russia Leaves Rate on Hold at 7%  
At its March 14th, 2014 meeting, Bank of Russia decided to leave the benchmark interest rate unchanged at 7 percent, as inflation risks that brought about an increase in the key rate on March 3rd still apply. The central bank said it does not intend to lower the key rate in the coming months, as its priority is to contain the effect of exchange rate dynamics on consumer prices.
Russia Inflation Rate Edges Up Slightly in February  
Russian annual inflation rate rose slightly to 6.2 percent in February of 2014, from 6.1 percent in the previous month, boosted by higher food and electricity cost.
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South Africa Inflation Rate Back to 6%  
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