11.04.2025, 23:32
Rosstat has raised its estimate of GDP growth in 2024
Source: OREANDA-NEWS
OREANDA-NEWS Rosstat has raised its estimate of Russian economic growth to 4.3 percent in 2024, according to the service.
"The volume of GDP for 2024 amounted to 201.152 trillion rubles at current prices. The index of physical volume of GDP relative to 2023 was 104.3 percent, the deflator index relative to the average annual prices of 2023 was 109.3 percent," the document says.
Thus, in the fourth quarter of 2024, GDP growth accelerated to 4.5 percent in annual terms after an increase of 3.3 percent in the third quarter of the same year. At the same time, the previous estimate for growth in the third quarter was 3.1 percent.
According to updated data from Rosstat, in the first quarter of last year, the Russian economy grew by 5.4 percent, as according to the first estimate, and in the second quarter by 4.3 percent against the previous 4.1.
On Friday, the service published the second estimate on GDP growth over the past year, the first on the results of the fourth quarter and updated estimates for the first and third quarters.
GDP (gross domestic product) is the total monetary value of all final goods and services produced and sold by a country over a specific period of time.
"The volume of GDP for 2024 amounted to 201.152 trillion rubles at current prices. The index of physical volume of GDP relative to 2023 was 104.3 percent, the deflator index relative to the average annual prices of 2023 was 109.3 percent," the document says.
Thus, in the fourth quarter of 2024, GDP growth accelerated to 4.5 percent in annual terms after an increase of 3.3 percent in the third quarter of the same year. At the same time, the previous estimate for growth in the third quarter was 3.1 percent.
According to updated data from Rosstat, in the first quarter of last year, the Russian economy grew by 5.4 percent, as according to the first estimate, and in the second quarter by 4.3 percent against the previous 4.1.
On Friday, the service published the second estimate on GDP growth over the past year, the first on the results of the fourth quarter and updated estimates for the first and third quarters.
GDP (gross domestic product) is the total monetary value of all final goods and services produced and sold by a country over a specific period of time.
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