YoY Change in Revised Real GDP in Russia

The revised 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 is the final figure, adjusted from the initial estimates.

Year-on-year data is useful for understanding long-term GDP growth trends. An increase in GDP indicates that the economy is expanding, signifying active investment and consumption. Conversely, a decrease in GDP may suggest that the economy is 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 important source of information for businesses and investors for gauging economic growth trends and prospects.