New calculation of statistics increases size of Russian economy
New calculation of statistics increases size of Russian economy Applying international accounting standards of 1993 and 2008 for calculating GDP, Rosstat has adjusted Russia’s 2014 GDP measured in ru...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Rosstat reports Russian GDP up 1.3 % in 2019; revises figures for previous years
Russia Rosstat reports Russian GDP up 1.3 % in 2019; revises figures for previous years Last year, Russian GDP grew at its slowest pace in three years as growth averaged slightly over 2 % ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2020
Russian goods imports near bottoming out
Russian goods imports near bottoming out The value of goods imports contracted 9 % y-o-y to $84 billion in the first half of this year. The value of imports fell in all major goods categories. The co...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Oil price down sharply in July, ruble follows
Oil price down sharply in July, ruble follows Global crude oil prices hit their peak this year early in June, when the price of Urals-grade crude approached the $50-a-barrel mark. The oil price has s...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2016
Global oil production is growing faster than consumption
BOFIT Weekly Review,world economy Global oil production is growing faster than consumption The price of a barrel of Brent blend crude oil fell last year by $14 (19 %) to around $61 a barrel. The inc...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2026
Ukraine will receive significant funding from G7 loan program based on proceeds from frozen Russian assets this year
Ukraine,economy,BOFIT Weekly Review Ukraine will receive significant funding from G7 loan program based on proceeds from frozen Russian assets this year Ukraine’s largest source of external funding ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2025
Sanctions push CBR to adjust its ruble exchange rate policy
Russia Sanctions push CBR to adjust its ruble exchange rate policy The Central Bank of Russia abandoned its nominal exchange rate target and allowed the ruble to float freely in November 2014. The r...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2024
Revised Rosstat figures give a significantly brighter view of recent industrial output growth
Russia Revised Rosstat figures give a significantly brighter view of recent industrial output growth Revised 2016–17 data show that Russian industrial output, rather than the 2.3 % reported earlier,...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Russian government releases new guidelines for national projects
Russia Russian government releases new guidelines for national projects As part of his inaugural decrees in May 2018, president Putin set forth twelve national priority areas and a handful of infras...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Only minor changes in value of China’s currency reserves since 2016
China Only minor changes in value of China’s currency reserves since 2016 At the end of January, the value of the People’s Band of China’s total official foreign reserve assets was 3.186 trillion do...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian economy’s growth rate accelerated in 2018
Russia Russian economy’s growth rate accelerated in 2018 Rosstat’s first GDP growth estimate for all of 2018, released on Monday (Feb. 4), surprised both Russian and foreign analysts. Rosstat estima...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Lower growth in Russian construction activity
Russia Lower growth in Russian construction activity According to Rosstat, annual real growth in construction activity in 2018 was still 5.3 %. This year, growth has been non-existent. The volu...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Russian first-quarter GDP contracted by 2 % on year
#russia Russian first-quarter GDP contracted by 2 % on year Rosstat’s preliminary estimate suggests that Russian GDP contracted by 2 % y-o-y during the January-March period. The rate of contrac...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2023
Oil revenues continue increasing for the Russian government
Russia Oil revenues continue increasing for the Russian government The second-quarter rise in federal budget revenues was so substantial that first-half revenues were up by over 20 % y-o-y. Most of ...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2018
Growth in Russian industrial output revived in February
Russia Growth in Russian industrial output revived in February Industrial output growth rose to 2.6 % y-o-y in January-February. The figure moved up towards the growth figure for all of 2018. E...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Continued low growth forecast for Russian economy this year
Russia Continued low growth forecast for Russian economy this year Major forecasts for Russian GDP growth this year run around 1.5 % p.a. The low pace of growth roughly matches that of realised...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2019
Ruble strengthening returns
Ruble strengthening returns After a couple of months of weakening, the ruble’s exchange rate recovered in September and has since remained around 58 rubles to the dollar and 68 to the euro. Rising oi...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Change in the law pushes millions of Russians into Mir payment cards
Change in the law pushes millions of Russians into Mir payment cards At the start of the week, president Putin signed legislative amendments, whereby wages paid from government budgets and many socia...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2017
Recovery in services boosts on-year GDP growth; seasonally adjusted GDP contracts from previous quarter
Recovery in services boosts on-year GDP growth; seasonally adjusted GDP contracts from previous quarter Russian third-quarter GDP was up by 4.3 % y-o-y and up by 0.6 % from two years previo...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2021
Rosstat releases latest quarterly GDP figures for this year
#Russia Rosstat releases latest quarterly GDP figures for this year Rosstat’s latest batch of economic figures show Russian GDP contracted by 3.7 % y-o-y in the third quarter. The preliminary e...
Bofit.fi / Bofit homepage / Monitoring / Weekly Review / 2022