back to top
Sunday, May 19, 2024
15 C

Positive in the second quarter

(+10.5%) Real GDP • RUS • Apr-Jun 2021/20

In the second quarter of 2021, Russia’s real gross domestic product increased by 10.5% compared to the same period of the previous year. The GDP value of the period under review (30 853 billion rubles in current prices) was adjusted by price deflator 118%.

During the reporting period, the growth of value added has been shown by almost all industries. In particular, a notable growth was observed in such sectors as hotels and restaurants (plus 109.2%), culture and sports (plus 34.5%), wholesale and retail trade (plus 21.6%), transportation and storage (plus 19%), other services provided to the population (plus 16.8%), manufacturing industries (plus 10.5%), construction (plus 10.3%).

Most industries also have been able to outperform the pre-pandemic levels of 2019, for instance: construction (plus 6.8%), wholesale and retail trade (plus 5.6%), manufacturing industries (plus 2.4%). Still, some industries failed to reach the level of Q2 2019, including the following ones: hotels and restaurants (minus 9.4%), transportation and storage (minus 4.2%), other services provided to the population (minus 4.1%), culture and sports (minus 1.5%).

This preliminary GDP estimate made by the Federal Statistical Service of Russia is subject to change later on. The updated numbers and most actual data shall be included into our extended Market Reports.


Related Articles

(+3%) Sales of Manufactured Goods • RUS • Jan-Dec 2022/21

From January to December 2022, sales of manufactured goods in the Russian retail reached approximately 21,481 billion rubles. This represents a 2.7% increase compared...

(+15%) Furniture Production • RUS • Annual Change 2022/21

From January to December 2022, the furniture production volume in Russia reached 356.24 billion rubles. This represents a 15.19% increase to the corresponding period...

(−30%) Housing Mortgages • RUS • Annual Change 2022/21

From January to December 2022, the number of housing mortgages issued in Russia reached 1.29 million. This represents a 30% decrease to the same...



Macroregional Context