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

Russian economy shrank 0.4 percent year-on-year in the third quarter of 2016, following 0.6 percent fall in the previous period, according to preliminary estimates. It was the smallest contraction in seven quarters. Russia remained stuck in recession, led by low oil prices, and sanctions over Ukraine that closed access to capital markets. 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)
2016-08-11 01:00 PM Q2 -0.6% -1.2% -0.7%
2016-09-09 01:00 PM Q2 -0.6% -1.2% -0.6% -0.6%
2016-11-14 01:00 PM Q3 -0.4% -0.6% -0.8%
2016-12-13 01:00 PM Q3 -0.6% -0.4% -0.4%
2017-01-25 07:55 AM 2016
2017-01-26 02:00 PM Q4




Russia GDP Contracts 0.6% YoY in Q2


Russian economy shrank 0.6 percent year-on-year in the second quarter of 2016, following 1.2 percent fall in the previous period and in a line with preliminary estimates. It was the smallest contraction in six quarters, as manufacturing production returned to growth and wholesale and retail trade declined at a slower pace.

Manufacturing advanced 0.3 percent (-4 percent in Q1) and wholesale and retail trade decreased at a slower 1.2 percent (-2.5 percent in Q1). Meantime, construction fell further 9.5 percent (-1.6 percent in Q1); public administration and military security declined 1.9 percent (-1.8 percent in Q1), and transport and communication dropped 1 percent (-0.5 percent in Q4).

In contrast, real estate and renting services advanced 1.7 percent (+0.7 percent in Q1), mining and quarrying rose 0.3 percent (2.1 percent in Q1), agriculture production went up 2 percent (0.7 percent in Q1); financial activities increased 1.3 percent (1.3 percent in Q1); and production and distribution of electricity, gas and water rose 0.5 percent (0 percent in Q1). 

Federal State Statistics Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
9/9/2016 2:46:40 PM



Russia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.57 -1.31 4.10 -5.40 percent [+]
GDP Annual Growth Rate -0.40 -0.60 12.10 -11.20 percent [+]
GDP 1326.02 2030.97 2230.63 195.91 USD Billion [+]
GDP Constant Prices 14522.10 13576.20 17171.10 6567.40 RUB Billion [+]
Gross Fixed Capital Formation 2434.10 1714.70 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 58745032.70 54103000.30 58745032.70 2251977.50 RUB Million [+]
GDP From Agriculture 344.60 200.10 976.00 141.40 RUB Billion [+]
GDP From Construction 783.00 560.80 1356.00 216.40 RUB Billion [+]
GDP From Manufacturing 1780.10 1560.70 2113.90 1022.90 RUB Billion [+]
GDP From Mining 1215.60 1270.50 1290.10 693.30 RUB Billion [+]
GDP From Public Administration 830.00 835.90 855.30 426.00 RUB Billion [+]
GDP From Transport 1007.30 939.40 1131.80 584.60 RUB Billion [+]
GDP From Utilities 370.50 473.30 511.10 176.30 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.60 12.10 -11.20 1996 - 2016 percent Quarterly



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