About This Statistic
The statistic shows the growth of the real gross domestic product (GDP) in Russia from the first quarter 2015 to the first quarter 2017. GDP refers to the total market value of all goods and services that are produced within a country. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In the fourth quarter of 2016, the real GDP in Russia grew by 0.3 percent compared to the same quarter of the previous year.