YoY Change in Real GDP in Russia

The year-on-year Real Gross Domestic Product (GDP) 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 crucial for assessing the long-term trends in the economy.

Year-on-year data helps understand how GDP has fluctuated over an extended period. An increase in GDP indicates that the economy is expanding, suggesting robust investment and consumer spending. Conversely, a decrease in GDP can imply that the economy is either stagnating or contracting.

This data serves as a vital 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 understand economic growth trends and projections.