YoY Change in Final Real GDP in Russia

The final Real Gross Domestic Product (GDP) year-on-year is an indicator measuring Russia's economic growth rate, showing how much the GDP has changed compared to the same period in the previous year. This data is released by the Russian Federal State Statistics Service (Rosstat) after initial and revised estimates, making it the final confirmed figure.

Year-on-year data helps in understanding long-term GDP growth trends. An increase in GDP indicates that the economy is expanding, which suggests active investment and consumption. Conversely, a decrease in GDP may indicate that the economy is either stagnating or contracting.

This data serves as a reference for policymakers to assess the health of the economy and to formulate appropriate economic policies. It is also a crucial source of information for businesses and investors to understand economic growth trends and projections.