Russian Federation GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

1.4

Units In

3.1

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
12.1 Dec 1999	-11.2 Jun 2009	2.67 %	1996-2025	Federal State Statistics Service

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.

Latest Updates

Russia’s gross domestic product grew by 1.4% in Q1 2025, a significant slowdown from 5.4% growth in the same quarter last year, according to preliminary data. This represents the slowest pace of growth since the economy resumed expansion in Q2 2023. Earlier, the economy ministry had projected a slightly higher growth rate of 1.7% for the quarter. Looking ahead, the economy ministry projects annual growth of 2.5% for 2025, while the central bank offers a more cautious outlook, predicting growth between 1% and 2%.