Russia GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Russia contracted 0.57 percent in the third quarter of 2015 over the previous quarter. GDP Growth Rate in Russia averaged 0.77 percent from 1995 until 2015, 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. GDP Growth Rate in Russia is reported by the Federal State Statistics Service.

Russia GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.57 -1.31 4.10 -5.40 1995 - 2015 percent Quarterly
Russia is the largest country in the world and the fifth biggest economy. The Russian economy is commodity-driven. Russia is the world’s largest producer of oil (12 percent of world output), natural gas (18 percent) and nickel (20 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. After recovering from sharp contraction following 2009 financial crises, Russian economy is again under pressure due to western sanctions driven by military intervention in Ukraine in 2014 and low commodity prices. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Russia Stays In Recession in Q3


The Russian economy shrank for the fifth consecutive period by 0.57 percent on quarter in the three months to September of 2015, following an upwardly revised 1.3 percent drop in the previous period.

The manufacturing sector fell by 1.2 percent; gas and water production went down 1.9 percent; construction by 2 percent;  real estate activities declined 2.7 percent. In addition, public administration and military security decreased 2.3 percent and utilities 1 percent. 

Meanwhile, agriculture and wholesale and retail trade edged up 1.0 percent and 0.8 percent respectively; mining production (+0.7 percent against -2.3 percent) and transport and communications (+1.1 percent against -0.8 percent) rebounded, and financial activities rose 4.1 percent.

Year-on-year, the economy contracted 4.1 percent. 

Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/10/2015 2:26:56 PM

Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.57 -1.31 4.10 -5.40 percent [+]
GDP Annual Growth Rate -3.80 -4.10 12.10 -11.20 percent [+]
GDP 1860.60 2079.02 2079.02 195.91 USD Billion [+]
GDP Constant Prices 11027.80 9978.40 12007.50 6567.40 RUB Billion [+]
Gross Fixed Capital Formation 3882.90 3326.60 5640.70 8.70 RUB Billion [+]
GDP per capita 6843.91 6922.79 6922.79 3282.86 USD [+]
GDP per capita PPP 23292.91 23561.37 23561.37 11173.03 USD [+]
Gross National Product 54013599.20 49926068.70 54013599.20 2251977.50 RUB Million [+]
GDP From Agriculture 765.80 247.00 765.80 141.40 RUB Billion [+]
GDP From Construction 525.30 434.50 758.00 216.40 RUB Billion [+]
GDP From Manufacturing 1639.70 1567.80 1794.60 1022.90 RUB Billion [+]
GDP From Mining 904.30 854.80 934.70 693.30 RUB Billion [+]
GDP From Public Administration 448.80 460.80 473.10 426.00 RUB Billion [+]
GDP From Transport 990.60 871.20 999.70 584.60 RUB Billion [+]
GDP From Utilities 229.50 222.00 346.00 176.30 RUB Billion [+]




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Bangladesh 6.12 Dec/14
Namibia 6.00 Jun/15
Sri Lanka 5.80 Jun/15
Singapore 5.70 Dec/15
Senegal 5.20 Sep/15
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Saudi Arabia 3.80 Jun/15
Qatar 2.80 Sep/15
Cameroon 2.00 Jun/15
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India 1.90 Sep/15
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Tanzania 1.50 Sep/10
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Ireland 1.40 Sep/15
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Romania 1.40 Sep/15
Croatia 1.30 Sep/15
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Colombia 1.20 Sep/15
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Australia 0.90 Sep/15
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Hong Kong 0.90 Sep/15
Luxembourg 0.90 Sep/15
New Zealand 0.90 Sep/15
Poland 0.90 Sep/15
Slovakia 0.90 Sep/15
Spain 0.80 Dec/15
Sweden 0.80 Sep/15
Bulgaria 0.70 Sep/15
Czech Republic 0.70 Sep/15
Iceland 0.70 Sep/15
Malaysia 0.70 Sep/15
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Canada 0.60 Sep/15
Hungary 0.60 Sep/15
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Argentina 0.50 Jun/15
Lithuania 0.50 Dec/15
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Ukraine 0.50 Sep/15
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Chile 0.40 Sep/15
Cyprus 0.40 Sep/15
European Union 0.40 Sep/15
Slovenia 0.40 Sep/15
Austria 0.30 Dec/15
Bahrain 0.30 Sep/15
Belgium 0.30 Dec/15
Euro Area 0.30 Sep/15
Germany 0.30 Sep/15
Japan 0.30 Sep/15
Uganda 0.28 Sep/15
Dominican Republic 0.20 Sep/15
France 0.20 Dec/15
Italy 0.20 Sep/15
Bosnia and Herzegovina 0.10 Sep/15
El Salvador 0.10 Sep/15
Netherlands 0.10 Sep/15
Tunisia 0.10 Sep/15
Portugal 0.00 Sep/15
Switzerland 0.00 Sep/15
Latvia -0.01 Dec/15
Ecuador -0.30 Jun/15
Taiwan -0.30 Sep/15
Denmark -0.40 Sep/15
Estonia -0.40 Sep/15
Serbia -0.40 Sep/15
Finland -0.50 Sep/15
Russia -0.57 Sep/15
Greece -0.90 Sep/15
Jamaica -1.20 Sep/15
Belize -1.40 Sep/15
Brazil -1.70 Sep/15
Indonesia -1.83 Dec/15
Moldova -2.50 Sep/15
Botswana -3.70 Sep/15
Bolivia -9.72 Jun/15