Russia

The Gross Domestic Product (GDP) in Russia expanded 1.8 percent in the fourth quarter of 2011 over the previous quarter. Historically, from 2003 until 2011, Russia's average quarterly GDP Growth was 1.22 percent reaching an historical high of 3.20 percent in December of 2006 and a record low of -4.20 percent in December of 2008. The Russian economy is commodity-driven. Payments from the fuel and energy sector in the form of customs duties and taxes accounted for nearly half of the federal budget's revenues. However, during the past decade, poverty and unemployment declined steadily and the middle class continued to expand. This page includes: Russia GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Russia GDP Annual Growth Rate, which measures growth over a full economic year.

The Gross Domestic Product (GDP) in Russia expanded 4.8 percent in the third quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 1995 until 2011, Russia's average annual GDP Growth was 3.31 percent reaching an historical high of 12.00 percent in December of 1999 and a record low of -10.80 percent in June of 2009. This page includes: Russia GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Russia GDP Quarterly Growth Rate, which measures growth over the previous quarter.

In Russia, consumer confidence remained the same at -7 in the fourth quarter of 2011. The Federal Statistics Service consumer confidence index is based on a survey of 5,000 people around Russia. The index is an arithmetical average of 5 indices: the change in the respondent's personal financial situation over the last 12 months and next 12 months, the change in the country's economic situation over the last year and in the next 12 months, and the current climate for durable goods purchase. This page includes a chart with historical data for Russia's Consumer Confidence.

The unemployment rate in Russia was last reported at 6.6 percent in January of 2012. From 1999 until 2010, Russia's Unemployment Rate averaged 8.37 percent reaching an historical high of 14.60 percent in February of 1999 and a record low of 5.40 percent in May of 2008. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military. This page includes: Russia Unemployment Rate chart, historical data and news.

Retail Sales in Russia declined 26.3 percent in January of 2012 over the previous month. From 2011 until 2011, Russia's average Retail Sales was 1.20 percent reaching an historical high of 2.80 percent in October of 2011 and a record low of -0.40 percent in September of 2011. This page includes a chart with historical data for Russia's Retail Sales.

Retail Sales in Russia increased 6.8 percent in January of 2012 over the previous year. From 2006 until 2011, Russia's average Retail Sales was 8.50 percent reaching an historical high of 17.70 percent in December of 2007 and a record low of -9.80 percent in September of 2009. This page includes a chart with historical data for Russia's Retail Sales.

Russia reported a trade surplus equivalent to 20.5 Billion USD in December of 2011. Metals and energy make up more than 80 percent of Russia's exports. The country is the world’s largest oil producer and the biggest exporter of natural gas, nickel and palladium. Russia imports mostly vehicles, machinery and equipment, plastics, medicines, iron and steel, consumer goods, meat, fruits and semi finished metal products. Its main trading partners are: European Union (Germany, Italy, France), China and Ukraine. This page includes: Russia Balance of Trade chart, historical data and news.

Russia exports were worth 51 Billion USD in January of 2012. Metals and energy make up more than 80 percent of Russia's exports. The country is the world’s largest oil producer and the biggest exporter of natural gas, nickel and palladium. Energy sales contribute almost half of Russia’s budget revenue.The Russian fishing industry is the world's fourth-largest. Main export partners are Netherlands, Germany and Italy. This page includes: Russia Exports chart, historical data and news.

Russia imports were worth 30.5 Billion USD in December of 2011. Russia imports mostly vehicles, machinery and equipment, plastics, medicines, iron and steel, consumer goods, meat, fruits and semi finished metal products. Its main import partners are: European Union countries (Germany, France, Italy), China, Ukraine, Japan and United States. This page includes: Russia Imports chart, historical data and news.

Industrial Production in Russia expanded 3.8 percent in January of 2012. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. From 2006 until 2010, Russia's industrial production averaged 2.25 percent reaching an historical high of 12.60 percent in May of 2010 and a record low of -16.90 percent in January of 2009. This page includes: Russia Industrial Production chart, historical data and news.

Russia reported a current account surplus equivalent to 18.4 Billion USD in the third quarter of 2011. Oil and gas dominate Russian exports, so Russia remains highly dependent upon the price of energy. The majority of Russia's exports are made up by raw materials and fertilizers. Russia imports mostly vehicles, machinery and equipment, plastics, medicines, iron and steel, consumer goods, meat, fruits and semi finished metal products. Its main trading partners are: European Union (Germany, Italy, France), China and Ukraine. This page includes: Russia Current Account chart, historical data and news.

The benchmark interest rate in Russia was last reported at 8 percent. In Russia, interest rate decisions are taken by the Central Bank of the Russian Federation. The official interest rate is the refinancing rate, which is seen as a ceiling for borrowing money and a benchmark for calculating tax payments. From 1991 until 2010, Russia's average interest rate was 55.34 percent reaching an historical high of 210.00 percent in October of 1993 and a record low of 7.75 percent in June of 2010. This page includes: Russia Interest Rate chart, historical data and news.

The inflation rate in Russia was last reported at 4.2 percent in January of 2012. From 1991 until 2010, the average inflation rate in Russia was 175.36 percent reaching an historical high of 2333.30 percent in December of 1992 and a record low of 5.50 percent in July of 2010. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: Russia Inflation Rate chart, historical data and news.