Russia's economy expanded by 10.3% y/y in Q2 2021

Russia's economy declined by 0.7% y/y  in the previous quarter
Russia's economy declined by 0.7% y/y in the previous quarter
Russia's economy declined by 0.7% y/y  in the previous quarter

Russia’s economy expanded by 10.3% y/y in Q2 2021 compared to a 0.7% y/y decline in the previous quarter.

Russia’s economy expanded by 10.3% y/y in Q2 2021

Thus, the one-year long series of declines came to an end, although the growth can be explained to a great extent with the low-base, as in many other countries. Russia’s statistics office Rosstat provides an early estimate of the GDP volume index, which doesn’t include the breakdowns, nor the quarterly basis change.

Further data and analysis on Russia’s economy are available on the CEIC Russia Economy in a Snapshot – Q2 2021 report.

16th August 2021 Russia's economy expanded by 10.3% y/y in Q2 2021