The dynamics and pattern of economic growth in Russia in 2019

Olga Izryadnova (), Andrey Kaukin and Evgeniya Miller

Published Papers from Gaidar Institute for Economic Policy

Abstract: Unlike the previous two years when the domestic market’s weakness was made up for by growth in the foreign trade balance and net exports, in 2019 the development of the Russian economy took place amid a simultaneous decline of the growth rates of overall domestic demand and foreign trade. In 2019, GDP growth rates calculated as per the methods of the system of national accounts (SNA) amounted to 101.3 percent, a decrease of 1.2 percentage point as compared with the index value of the previous year. For the first time in the past decade, in 2019 the economic situation became complicated owing to a 2.1 percent decrease in export’s volumes as per the SNA methods in comparable prices relative to the previous year’s index value. Consequently, in 2019 net exports’ contribution to GDP as per SNA methods fell to 2.5 percent against 3.6 percent a year before.

Keywords: Russian economy; production; external and internal demand; GDP structure (search for similar items in EconPapers)
JEL-codes: G19 G28 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2020, Revised 2020
New Economics Papers: this item is included in nep-cis and nep-tra
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2020-1049.pdf Revised Version, 2020 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2020-1049

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