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Russia's real GDP declined by 1% y/y in Q1 2021

Russia's real GDP declined by 1% y/y in Q1 2021, according to a preliminary release from the Federal State Statistics Service.
Russia's real GDP declined by 1% y/y in Q1 2021, according to a preliminary release from the Federal State Statistics Service.
Russia's real GDP declined by 1% y/y in Q1 2021, according to a preliminary release from the Federal State Statistics Service.
Data Bytes
20th 5월 2021
Real GDP

Russia's real GDP declined by 1% y/y in Q1 2021, according to a preliminary release from the Federal State Statistics Service (Rosstat), which was less than the estimate from the Ministry of Economic development of -1.3% y/y.

Russia's real GDP declined by 1% y/y in Q1 2021, according to a preliminary release from the Federal State Statistics Service.

The latest figure is a slight improvement compared to a close to 2% y/y decline in Q4 2020, but also a fourth straight quarter with negative annual change. The first full estimate with breakdowns is due on June 15.

Read the latest CEIC Leading Indicator (CLI) analysis on Russia and the other seven surveyed regions here.

Country

Russian Federation
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20th 5월 2021 Russia's real GDP declined by 1% y/y in Q1 2021