Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Russia
Quarterly
RUSPITGND02GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
12.50%
Date Range
1/1/2015 - 10/1/2021
Summary
This series measures real GDP growth in Russia on a quarterly basis. It is a key indicator for policymakers and analysts to assess the health and performance of the Russian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Quarterly Real GDP Growth (RUSPITGND02GPQ) indicator tracks the change in real gross domestic product in Russia from one quarter to the next. This metric provides important insights into the pace and direction of economic activity in the country.
Methodology
The data is collected and calculated by the Russian Federal State Statistics Service (Rosstat).
Historical Context
This GDP growth figure is closely monitored by the Central Bank of Russia and other government agencies to inform economic policy decisions.
Key Facts
- Russia is the largest economy in Eastern Europe.
- Quarterly GDP data is released approximately 2 months after the end of each quarter.
- GDP growth is a key metric for assessing the overall health of the Russian economy.
FAQs
Q: What does this economic trend measure?
A: This series measures the quarter-over-quarter change in real gross domestic product (GDP) in Russia.
Q: Why is this trend relevant for users or analysts?
A: GDP growth is a critical indicator of economic performance and is closely watched by policymakers, businesses, and investors to gauge the health of the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Russian Federal State Statistics Service (Rosstat).
Q: How is this trend used in economic policy?
A: The quarterly GDP growth figure is monitored by the Central Bank of Russia and other government agencies to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released approximately 2 months after the end of each quarter, so there is a short delay in the availability of the latest figures.
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Citation
U.S. Federal Reserve, Quarterly Real GDP Growth (RUSPITGND02GPQ), retrieved from FRED.