Decomposition of economic growth in the Russian Federation through 2024
Journal: RePEc: Research Papers in Economics
Year: 2019

In 2018, the growth rate of GDP in Russia (2.3 percent) represents a record high of per annum economic growth rate since 2012. This year-end result is notably above the estimates offered by a majority of international financial organizations (the IMF, World Bank, the OECD), as well as by Russian banking analysts and experts. The volume of GDP in nominal terms surged above RUB 100 trillion, to RUB 103, 626.6 billion (or approximately USD 1, 657 billion when recalculated at the annual average RUB-