russia gdp growth rate 2019

facts. * All products require an annual contract; Prices do not include sales tax. But something isn't right. Russia posted GDP growth of 1.3% in 2019. Corporate solution including all features. A Reuters poll of analysts also published Monday, found the consensus estimate of growth in 2020 was 1.8% — with the expansion set to be buoyed by higher welfare payments for new mothers. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. ", IMF, Russia: Real gross domestic product (GDP) growth rate from 2009 to 2021 (compared to the previous year) Statista, https://www.statista.com/statistics/263621/gross-domestic-product-gdp-growth-rate-in-russia/ (last visited October 31, 2020), Russia: Real gross domestic product (GDP) growth rate from 2009 to 2021, Median age of the population in Russia 2015, Gross domestic product (GDP) in Russia 2021, Gross domestic product (GDP) per capita in Russia 2024, Gross domestic product (GDP) growth rate in Russia 2021, Russia's share of global gross domestic product (GDP) 2024, Distribution of gross domestic product (GDP) across economic sectors in Russia 2019, Distribution of the workforce across economic sectors in Russia 2020, Youth unemployment rate in Russia in 2020, National debt of Russia in relation to gross domestic product (GDP) 2024, Ratio of military expenditure to gross domestic product (GDP) in Russia 2019, Government expenditure as share of the gross domestic product (GDP) in Russia 2024, Budget balance in Russia in relation to gross domestic product (GDP) 2021, Countries with the largest gross domestic product (GDP) 2019, Countries with the largest proportion of global gross domestic product (GDP) 2019, Gross domestic product (GDP) growth forecast in selected countries until 2021, Proportions of economic sectors in GDP in selected countries 2019, Unemployment rates in major industrial and emerging countries 2017, Total population of the BRIC countries from 2014 to 2024, Gross domestic product of the BRIC countries from 2009 to 2021, Inflation rate in the BRIC countries 2021, New cases of COVID-19 worldwide from January 23 to October 29, 2020, by day, Cumulative cases of COVID-19 worldwide from January 8 to October 29, 2020, by day, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Oct. 30, 2020, Gross domestic product (GDP) growth rate in Russia 1st quarter 2020, Quarterly growth of gross domestic product (GDP) in France 2nd quarter 2020, GDP growth in the EU and the Euro area compared to the previous quarter Q2 2020, Quarterly gross domestic product (GDP) growth rate in the UK 2nd quarter 2020, GDP growth in EU countries compared to same quarter previous year 2nd quarter 2020, Forecast on the GDP growth by world regions until 2021, Real GDP growth rate in Japan Q1 2017-Q1 2020, Change of the gross domestic product (GDP) of the euro area up to 2019, Gross domestic product (GDP) growth in India 2nd quarter 2020, Gross domestic product (GDP) growth in the G20 states 2nd quarter 2020, Americans' opinion on the possibility of another Cold War with Russia 2014, Forecasted distribution of IT spending in Russia 2016, by segment, Russia: social gaming market volume 2010-2013, Most popular social networks in Russia in July 2013, based on user engagement, Satisfaction with country direction in Russia 2002-2012, Optical media: import quantity in European countries 2016, Creative software market revenue in Sweden 2016-2021, Industry revenue of »construction of utility projects for electricity« in Ireland 2011-2023, Turnover volume change of the textile industry in Belgium 2018, by product group, Finland: export value of crude materials from the United Kingdom (UK) 2012-2018. * Estimate.Values have been rounded to provide a better understanding of the statistic. Register in seconds and access exclusive features. Are you interested in testing our corporate solutions? Profit from additional features by authenticating your Admin account. Looking forward, we estimate GDP Annual Growth Rate in Russia to stand at 7.50 in 12 months time. Rosstat said growth in the natural resources industries, including the production of gas and gas condensate — which jumped by more than 10% — was the biggest contributor to growth over the year. Then you will be able to mark statistics as favourites and use personal statistics alerts. The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Chart. DataBank. The sudden rise was caused by the Minstry of Finance adding cash it siphons off from oil revenues. GDP Growth Rate in Russia averaged 0.74 percent from 1995 until 2019, reaching an all time high of 4.10 percent in the first quarter of 1999 and a record low of … Accessed October 31, 2020. https://www.statista.com/statistics/263621/gross-domestic-product-gdp-growth-rate-in-russia/, IMF. and over 1 Mio. The pace of growth in the Russian economy fell by almost half last year, fresh economic data released Monday has shown. IMF. Current GDP per Capita (LCU Billions) 581,957 600,894 641,690 673,857 694,801 Current … Thematic data tables from WDI. That compares with an official expansion rate of 2.5% recorded … In 2019, Russia's real GDP grew by about 1.34 percent compared to the previous year. If you continue to navigate this website beyond this page, cookies will be placed on your browser. CSV XML EXCEL. To learn more about cookies, click here. The figures are a preliminary reading and similar statistics have been significantly adjusted in recent years. Russia gdp growth rate for 2019 was 1.34%, a 1.19% decline from 2018. Statista. Despite the slow-down, the economy did pick up in the final half of the year, managing to beat pessimistic forecasts from organizations such as the World Bank and International Monetary Fund (IMF) that had suggested Russia would struggle to record growth above 1%. "Russia: Real Gross Domestic Product (Gdp) Growth Rate from 2009 to 2021 (Compared to The Previous Year). At first glance, the economy is in good shape. Country. Update, Insights into the world's most important technology markets, Advertising & Media Outlook The economy could grow faster still, should the new government unveil more spending plans in its revised budget, which is currently being drawn up, analysts have said, or if it decides to spend the $125 billion sovereign fund it has accumulated through oil profits in recent years. Selected Countries and Economies. The pace of growth in the Russian economy fell by almost half last year, fresh economic data released Monday has, Despite the slow-down, the economy did pick up in the final half of the year, managing to beat pessimistic forecasts from organizations such as the World Bank and International Monetary Fund (IMF) that had suggested Russia would struggle to record growth above 1%. June 5, 2020. Then you can access your favorite statistics via the star in the header. New, Figures and insights about the advertising and media world, Industry Outlook Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists. This site uses cookies to optimize functionality and give you the best possible experience. Russia’s finance and insurance sector also expanded by more than 10%, news agency Interfax, Economists expect Russia’s economy to pick up speed this year. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). You only have access to basic statistics. This feature is limited to our corporate solutions. Russia’s GDP grew by 1.3% in 2019, the Russian state statistics agency, Rosstat said. "Russia: Real gross domestic product (GDP) growth rate from 2009 to 2021 (compared to the previous year)." WDI Tables. Russia’s finance and insurance sector also expanded by more than 10%, news agency Interfax reported. Find Out, Online tool for visualization and analysis. A Reuters poll of analysts also published Monday, found the consensus estimate of growth in 2020 was 1.8% — with the expansion set to be buoyed by higher welfare payments for new mothers announced by President Vladimir Putin in January. World Bank national accounts data, and OECD National Accounts data files. Online tool for visualization and analysis. That compares with an official expansion rate of 2.5% recorded in 2018, and is the weakest annual growth since Russia emerged from economic crisis in 2016. Just two months ago, Kirill Tremasov, a former official at the Economy Ministry who has heavily, the quality of Russia’s official statistics, said, Rosstat said growth in the natural resources industries, including the production of gas and gas condensate — which jumped by more than 10% — was the biggest contributor to growth over the year. Learn more about how Statista can support your business. Please create an employee account to be able to mark statistics as favorites. Just two months ago, Kirill Tremasov, a former official at the Economy Ministry who has heavily criticized the quality of Russia’s official statistics, said hitting growth of 1.3% seemed “like a fantasy.”. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. The Gross Domestic Product (GDP) in Russia expanded 0.60 percent in the fourth quarter of 2019 over the previous quarter. We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. GDP Annual Growth Rate in Russia is expected to be -4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The 1.3% expansion in 2019 was in line with the most recent forecast from the Economy Ministry, which is predicting growth of 1.9% this year. ... 1990 - 2019 GDP (constant 2010 ... GDP per capita growth (annual %) Download. Please contact us to get started with full access to dossiers, forecasts, studies and international data. The Russian president wants to lower the economy’s vulnerability to U.S. sanctions. New, Everything you need to know about the industry development, Find studies from all around the internet. GDP growth (annual %) - Russian Federation from The World Bank: Data. The state has no intention of abandoning its strict control over the economy but has not been able to deliver results. Russia: Real gross domestic product (GDP) growth rate from 2009 to 2021 (compared to the previous year) [Graph]. 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