Russia: Economic growth, quarterly

* indicates monthly or quarterly data series

Economic growth, percent change in quarterly real GDP

 Latest value 4.9
 Reference Q4 2023
 Measure percent
 Data availability Q1 1996 - Q4 2023
 Average 2.85
 Min - Max -11.15 - 12.08
 Source Ministry of Economic Development (Russia)
The latest data from Q4 2023 show economic growth of 4.9 percent, which is a decrease from the rate of growth of 5.7 percent in the previous quarter and an increase compared to the growth rate of -1.8 percent in the same quarter last year. The economic growth time series for Russia cover the period from Q1 1996 to Q4 2023. During that time span, the average growth rate for Russia was 2.85 percent. The lowest rate of growth of -11.15 percent was recorded in Q2 2009 while the highest growth rate was 12.08 percent in Q4 1999. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series

Recent values chart
Russia - Economic growth, quarterly  - recent values

Historical chart
Russia - Economic growth, quarterly  - historical chart - 1996-2023
Measure: percent
Source: Ministry of Economic Development (Russia)

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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 Related indicators Latest value Reference Measure
 Economic growth -2.07 2022 percent
 GDP, constant dollars 1,471.5 2022 billion U.S. dollars
 GDP, current U.S. dollars 2,240.42 2022 billion U.S. dollars
 GDP per capita, current dollars 15,270.71 2022 U.S. dollars
 GDP per capita, PPP 27,450 2022 U.S. dollars
 GDP per capita, constant dollars 10,030.04 2022 U.S. dollars
 Productivity, relative to the U.S. 40.28 2020 index points
 Productivity, current USD 33.0 2020 USD per hour worked
 Economic growth, quarterly 5.70 Q3/2023 percent
 Economic growth Q-on-Q -0.79 Q3/2021 percent
 Gross Domestic Product (GDP) 45,087.70 Q3/2023 billion
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