Rosstat confirmed the forecast of falling of GDP of Russia in 2015 3.7%

Rosstat confirmed the forecast of falling of GDP of Russia in 2015 3.7%


MOSCOW, 2 February. The decline in GDP for 2015, according to a first evaluation was 3.7% then the message of Rosstat. Thus, the Agency confirmed its initial forecast.

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GDP in 2015 amounted at current prices 80 trillion 412,5 billion.

 

In addition, in December 2015, the Federal state statistics service made the third estimate of GDP for 2014. The GDP growth in 2014 increased to 0.7% from 0.6%.

The index-deflator of GDP in 2015 relative to 2014 prices rose by 7.3%. On the value of the GDP deflator was influenced by the decrease in the average rate of export duties on energy carriers, the report says.

According to Rosstat, the largest gains last year were recorded in agriculture (+3.5% year-on-year), household activities (+1.4 per cent), mining (+1.1 per cent) and health and social. services (+0.3 percent).

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The largest drop was noted in the segment of wholesale and retail trade (-10,1%), construction (-7,5%), manufacturing (-5,5%), hotel and restaurant business (from -5.2%).

The share of expenditures on final consumption in the structure of GDP by the end of 2015 was 71.6%, down 0.6 percentage points (PP) less than in 2014 (72,2%). This dynamics is due to the declining share of household expenditure by 0.6 percentage points to 52.6% of GDP. In turn, the share of net exprt to GDP rose by 1.4 percentage points to 8%.

In monetary terms, household expenditure was 43.3 trillion rubles, as against around 41.43 trillion rubles a year earlier, the public sector – equal to 15.48 trillion against 14,61 trillion.

Share in GDP gross fixed investment fell by 0.8 percentage points to 20.4% (16,81 trillion rubles). The share of gross fixed capital formation (investment) remained unchanged at 21.5 percent (17,69 billion).