Russia GDP Annual Growth Rate  1996-2016 | Data | Chart | Calendar

Russian economy contracted 3.8 percent year-on-year in the fourth quarter of 2015, in line with the preliminary estimates, following a downwardly revised 3.7 percent drop in the previous period, final figures showed. The GDP shrank for the fourth straight period, dragged down by household spending (-12.4 percent), public consumption (-1.7 percent) and gross fixed capital formation (-6.0 percent). Imports fell 21.2 percent while exports advanced 9.8 percent. GDP Annual Growth Rate in Russia averaged 3.22 percent from 1996 until 2015, 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.

Russia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -4.10 12.10 -11.20 1996 - 2015 percent Quarterly
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-25 07:55 AM 2015 -3.7% 0.7%
2016-01-26 02:00 PM Q4 -3.8% -4.1% -3.7%
2016-04-01 01:20 PM Q4 -3.8% -3.7% -3.8%
2016-05-16 01:00 PM Q1 -3.8% -2.0%
2016-06-15 01:00 PM Q1 -3.8%
2016-08-11 01:00 PM Q2 -1.6%

Russia GDP Contracts 3.8% in Q4


Russian economy contracted 3.8 percent year-on-year in the fourth quarter of 2015, in line with the preliminary estimates, following a downwardly revised 3.7 percent drop in the previous period, final figures showed. The GDP shrank for the fourth straight period, dragged down by household spending (-12.4 percent from -10.4 percent in Q3), public consumption (-1.7 percent from -1.8 percent in Q3) and gross fixed capital formation (-6.0 percent from -11.3 percent in Q3). Imports fell 21.2 percent (-25.4 percent) while exports advanced 9.8 percent (-1.4 percent in Q3).

On the production side, manufacturing contracted 6.2 percent (-5.2 percent in Q3), wholesale and retail trade decreased 13.6 percent (-8.5 percent in Q3), construction fell 4.6 percent (-10.6 percent in Q3) and public administration and military security declined 1.3 percent (-0.9 percent in Q3).

In contrast, real estate and renting services advanced 1.4 percent (-1.9 in Q3), mining and quarring rose 1.4 percent (0.0 percent in Q3) and transport and communication edged up 0.7 percent (-0.1 percent in Q3). Agriculture production advanced 5.6 percent (+2.2 percent) and health care increased 0.5 percent (0.3 percent in Q3).
For the full 2015, the economy shrank 3.7 percent from a year ago. 

Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/1/2016 2:54:41 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 16516.80 11027.80 16516.80 6567.40 RUB Billion [+]
Gross Fixed Capital Formation 6937.90 4195.80 6937.90 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 58745032.70 54103000.30 58745032.70 2251977.50 RUB Million [+]
GDP From Agriculture 597.40 976.00 976.00 141.40 RUB Billion [+]
GDP From Construction 1268.60 993.70 1356.00 216.40 RUB Billion [+]
GDP From Manufacturing 1981.90 1810.20 2113.90 1022.90 RUB Billion [+]
GDP From Mining 1290.10 1263.30 1290.10 693.30 RUB Billion [+]
GDP From Public Administration 844.40 844.80 855.30 426.00 RUB Billion [+]
GDP From Transport 1111.70 1101.60 1131.80 584.60 RUB Billion [+]
GDP From Utilities 483.10 363.50 511.10 176.30 RUB Billion [+]




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