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GDP Annual Growth Rate

Gross Domestic Product measures the monetary value of all finished goods and services. The indicator is calculated by Federal State Statistics Service. Services account for 58% of GDP that consists of wholesale and retail trade, public administration, health and education. Industry accounts for 40% of GDP and Agriculture accounts for 2%. GDP is an indicator of the economic health and a gauge in the standard of living.

Russian GDP Annual Growth Rate

Russian GDP remained unchanged on a quarterly basis for the first quarter, compared to preliminary values. Results were reported at 0.5%, same as previous month’s value of 0.5% and beat expectations of 0.3%. GDP Annual Growth Rate in Russiapeaked at an all-time high point of12.10% in the fourth quarter of 1999and hit rock-bottom at-11.20% in the second quarter of 2009.