Russland BIP Veränderung zum Vorjahr

The Russian GDP expanded by 4.9% from the corresponding period of the previous year in the fourth quarter of 2023, slowing from an upwardly revised 5.7% expansion in the third quarter. The data continued to point to some extent of recovery for the output of Russia, carried by industries that benefited from high military spending by the government, in addition to base effects from the start of sanctions from the West. The GDP slowed for government expenditure (6.9% vs 9% in Q3) and household consumption (7.3% vs 9.7%), while fixed capital formation accelerated (8.1% vs 7.7%).