MOSCOW, February 7 Russia's GDP in 2023, according to the first estimate, grew by 3.6%, which practically coincided with the estimates of the Ministry of Economic Development, follows from Rosstat data.
«»The volume of Russia's GDP for 2023, according to the first estimate, amounted to 171.041 trillion rubles at current prices. The physical volume index of GDP relative to 2022 was 103.6%. The GDP deflator index for 2023 relative to 2022 prices year amounted to 106.3%,” the document reports.
In December, the head of the Ministry of Economic Development, Maxim Reshetnikov, said that the ministry expects Russia’s GDP to grow by 3.5% in 2023, but will not formally revise the forecast. The ministry's official forecast for September 2023 assumed economic growth to be 2.8% in 2023.
According to the Minister of Economic Development Maxim Reshetnikov, economic growth is based on consumer and investment demand.
“»The growth in consumer activity was ensured by the income of citizens, which grew by 4.6% in real terms over the past year. Primarily due to an increase » — he said.
According to the ministry, Russia’s GDP in December 2023 grew by 4.6% in annual terms; in the fourth quarter — by 5.1% year on year.