YoY Change in Preliminary Real GDP in Russia

The preliminary 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) and provides initial preliminary figures.

Year-on-year data is crucial for understanding the long-term trends in GDP growth. An increase in GDP indicates that the economy is expanding, suggesting vigorous investment and consumption activities. Conversely, a decrease in GDP may signal 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 an essential source of information for businesses and investors to gauge economic growth trends and forecasts.