Russian Federation GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

1.4

Units In

3.3

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 the first quarter of 2025, a significant slowdown from the 4.3% annual expansion in the earlier quarter and in line with the preliminary estimate. This represented the slowest pace of growth since the economy resumed expansion in second quarter of 2023, showing that the immediate rebound from the crash stemmed by Western sanctions has waned. Output contracted for professional, scientific, and technical activities (-1.3%), mining (-4%), and the provision of utilities (-3.8%). On the other hand, growth was seen outperforming other sectors in financial and insurance activities (17.5%) and manufacturing (4.5), while spending in public administration and military security remains robust due to the country's invasion of Ukraine (6.8%).