Russia GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The Russian economy advanced 0.3 percent in the fourth quarter of 2016, following 0.4 percent contraction in the previous period. It was the first expansion since the fourth quarter of 2014. Net external demand contributed positively, as exports rose by 3.7 percent (4.2 percent in Q3) and imports edged up 0.3 percent (-3.5 percent in Q3). Also, household spending (-3.2 percent from -4.8 percent in Q3) and investments (-0.3 percent from -0.8 percent) contracted at a slower pace. Meanwhile, government consumption fell 0.5 percent, at the same pace as in the previous period. In 2016, the GDP shrank 0.2 percent. GDP Annual Growth Rate in Russia averaged 3.08 percent from 1996 until 2016, reaching an all time high of 12.10 percent in the fourth quarter of 1999 and a record low of -11.20 percent in the second quarter of 2009.

Russia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-14 01:00 PM Q3 -0.4% -0.6% -0.8%
2016-12-13 01:00 PM Q3 -0.4% -0.6% -0.4% -0.4%
2017-03-31 01:00 PM Q4 0.3% -0.4% -0.6% -0.3%
2017-05-17 01:00 PM Q1 0.3% 0.4%
2017-06-16 01:00 PM Q1 0.3%
2017-08-11 01:00 PM Q2 0.7%




Russia GDP Expands 1st Time In 2 Years In Q4


The Russian economy advanced 0.3 percent in the fourth quarter of 2016, following 0.4 percent contraction in the previous period. It was the first expansion since the fourth quarter of 2014. Net external demand contributed positively, as exports rose by 3.7 percent (4.2 percent in Q3) and imports edged up 0.3 percent (-3.5 percent in Q3). Also, household spending (-3.2 percent from -4.8 percent in Q3) and investments (-0.3 percent from -0.8 percent) contracted at a slower pace. Meanwhile, government consumption fell 0.5 percent, at the same pace as in the previous period. In 2016, the GDP shrank 0.2 percent.

On the production side,

the growth was recorded for: real estate and renting services advanced (1.2 percent  from 0.7 percent in Q3); transport and communication (1.2 percent from 0.3 percent); financial activity (1.7 percent from -1.9 percent); agriculture production (3.2 percent from 5 percent) and production and distribution of electricity, gas and water (5.5 percent from 2.9 percent).

Output fell less for wholesale and retail trade (-0.6 percent from -4.8 percent in Q3); construction (-1.9 percent -3.5 percent) and health (-1.7 percent from -2 percent).

In contrast, manufacturing contracted 0.6 percent (1.3 percent in Q3) and mining and quarrying edged down 0.1 percent (0.1 percent in Q3).


Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/31/2017 1:39:07 PM



Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.57 -1.31 4.10 -5.40 percent [+]
GDP Annual Growth Rate 0.30 -0.40 12.10 -11.20 percent [+]
GDP 1331.20 2052.80 2231.80 195.90 USD Billion [+]
GDP Constant Prices 16668.00 15927.10 17173.30 6567.40 RUB Billion [+]
Gross Fixed Capital Formation 4223.10 2726.50 4746.40 1709.70 RUB Billion [+]
GDP per capita 11038.82 11490.87 11615.71 5505.63 USD [+]
GDP per capita PPP 23895.34 24873.89 25144.10 11917.85 USD [+]
Gross National Product 65166840.30 59321789.00 65166840.30 2251977.50 RUB Million [+]
GDP From Agriculture 617.30 1023.00 1023.00 141.40 RUB Billion [+]
GDP From Construction 1283.90 1053.60 1356.00 216.40 RUB Billion [+]
GDP From Manufacturing 1997.80 1848.50 2109.30 1022.90 RUB Billion [+]
GDP From Mining 1263.10 1231.90 1268.80 693.30 RUB Billion [+]
GDP From Public Administration 874.30 879.70 894.00 426.00 RUB Billion [+]
GDP From Transport 1126.80 1110.70 1131.80 584.60 RUB Billion [+]
GDP From Utilities 507.40 377.00 511.10 176.30 RUB Billion [+]


Russia GDP Annual Growth Rate Notes

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. This page provides the latest reported value for - Russia GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Russia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.40 12.10 -11.20 1996 - 2016 percent Quarterly



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Tunisia 1.10 Dec/16
Comoros 1.00 Dec/15
Italy 1.00 Dec/16
Lebanon 1.00 Dec/15
Mongolia 1.00 Dec/16
Nepal 0.77 Dec/15
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