Russian Federation GDP Annual Growth Rate

Last Release

Jun 30, 2025

Actual

1.1

Units In

1.4

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	2.66 %	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 GDP grew 1.1% in Q2 2025, slowing sharply from 4% a year earlier, preliminary estimates showed. The economy, boosted last year by soaring defence spending despite Western sanctions, now faces cooling growth and rising recession risks. High interest rates aimed at curbing stubborn inflation are weighing on activity. President Putin rejects claims the Ukraine war is crippling the economy, pointing to low debt and diversification. After 4.3% growth in 2024, the central bank expects only 1–2% this year, while the economy ministry may revise its 2.5% forecast.