Russia GDP Annual Growth Rate 1996-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Russia expanded 0.70 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Russia averaged 3.63 Percent from 1996 until 2014, 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. GDP Annual Growth Rate in Russia is reported by the Federal State Statistics Service.

      Forecast    
Russia GDP Annual Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.80 12.10 -11.20 1996 - 2014 percent Quarterly
Russia is the fifth largest economy in the world and is a leading exporter of oil and natural gas. In Russia, 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, repair of motor vehicles, motorcycles and personal and household goods (17 percent of total GDP); public administration, health and education (12 percent); real estate (9 percent) and transport storage and communications (7 percent). Industry contributes 40 percent to total output. Mining (11 percent of GDP), manufacturing (13 percent) and construction (4 percent) are the most important industry segments. Agriculture accounts for the remaining 2 percent. This page provides - Russia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Russia GDP Annual Growth Rate - was last refreshed on Saturday, December 20, 2014.


Russia GDP Growth Confirmed at 0.7% in Q3


The Russian economy advanced 0.7 percent year-on-year in the third quarter of 2014, matching preliminary estimates from the Federal Statistics Office. Growth was mainly driven by the manufacturing and transport sectors.

Year-on-year, the agriculture sector recorded the highest increase (7.5 percent), followed by financial activities (5.6 percent), manufacturing (1.3 percent) and transport and communication (0.5 percent).

In contrast, the mining sector shrank 0.5 percent, construction dropped 0.9 percent, internal trade fell 0.7 percent and activities in hotels and restaurants contracted 3.8 percent.

From January to September 2014, the economy advanced 0.8 percent, compared with a 1.1 percent expansion a year earlier. The central bank estimates the economy to grow 0.6 percent in 2014.

Joana Taborda | joana.taborda@tradingeconomics.com
12/11/2014 2:15:22 PM


Recent Releases

Russia GDP Growth Beats Expectations
The Russian economy advanced 0.7 percent year-on-year in the third quarter of 2014, down from a 0.8 percent expansion reported from April to June, according to the preliminary figures from the Federal Statistics Office. The number came well above market expectations and the central bank estimate of 0.2 percent. Published on 2014-11-13

Russia's GDP Growth Slows to 0.8% in Q2
Russia’s economy expanded 0.8 percent year-on-year in the first three months of 2014, slightly below 0.9 percent increase in the previous quarter, preliminary data from the Federal Statistics Service showed. Published on 2014-08-11


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-05-15 01:00 PM
GDP Growth Rate YoY  Q1
0.9% 2.0% 0.8% 0.8%
2014-11-13 01:00 PM
GDP Growth Rate YoY - Prel  Q3
0.7% 0.8% 0.3% 0.2%
2014-12-11 01:00 PM
GDP Growth Rate YoY  Q3
0.7% 0.8% 0.7% 0.2%


Russia GDP Last Previous Highest Lowest Unit
GDP 2096.78 2017.47 2096.78 195.90 USD Billion [+]
GDP Growth Rate 0.04 0.14 4.10 -5.40 percent [+]
GDP Annual Growth Rate 0.70 0.80 12.10 -11.20 percent [+]
GDP Constant Prices 11486.30 10458.10 11946.20 6567.40 RUB Billion [+]
GDP per capita 6923.45 6848.70 6923.45 3282.79 USD [+]
Gross Fixed Capital Formation 3161.70 2051.80 5486.20 8.70 RUB Billion [+]
GDP per capita PPP 23564.21 23309.80 23564.21 11173.09 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.70 Aug/14 2.70 9.00 -3.40 percent [+]
Brazil -0.20 Aug/14 -0.90 10.10 -3.15 percent [+]
Canada 2.59 Aug/14 2.54 8.80 -3.70 percent [+]
China 7.30 Aug/14 7.50 14.20 3.80 percent [+]
Euro Area 0.80 Aug/14 0.80 5.00 -5.50 percent [+]
France 0.40 Aug/14 0.00 4.90 -4.30 percent [+]
Germany 1.20 Aug/14 1.00 5.20 -6.80 percent [+]
India 5.30 Aug/14 5.70 11.40 -5.20 percent [+]
Indonesia 5.01 Aug/14 5.12 7.16 1.56 percent [+]
Italy -0.50 Aug/14 -0.30 10.30 -6.90 percent [+]
Japan -1.20 Aug/14 -0.20 9.40 -9.40 percent [+]
Mexico 2.20 Aug/14 1.60 8.50 -8.10 percent [+]
Netherlands 1.10 Aug/14 1.10 5.80 -4.40 percent [+]
Russia 0.70 Aug/14 0.80 12.10 -11.20 percent [+]
South Korea 3.20 Aug/14 3.50 18.20 -7.30 percent [+]
Spain 1.60 Aug/14 1.30 5.80 -4.40 percent [+]
Switzerland 1.90 Aug/14 1.60 7.30 -3.70 percent [+]
Turkey 1.70 Aug/14 2.20 12.60 -14.70 percent [+]
United Kingdom 3.00 Aug/14 3.20 9.80 -5.80 percent [+]
United States 2.40 Aug/14 2.60 13.40 -4.10 percent [+]