In the fourth quarter of 2021, Russia’s real gross domestic product increased by 5% compared to the same period of the previous year. The GDP value of the period under review (38 783 billion rubles in current prices) was adjusted by price deflator 118.8%.
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 14.8%), other services provided to the population (plus 11.6%), culture and sports (plus 7.8%), construction (plus 7.2%), wholesale and retail trade (plus 5.7%), transportation and storage (plus 5.5%), manufacturing industries (plus 4.6%).
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.
