Gross domestic product (GDP) growth rate in Russia quarterly 2018-2022
In the fourth quarter of 2022, real gross domestic product (GDP) of Russia fell by 2.7 percent compared to the same quarter of the previous year. The decline in GDP was related to the economic impact of the war in Ukraine, in response to which Western countries imposed sanctions on Russia.
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.
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.
