Russia's GDP grew by 0.5% in September

Russia's GDP in September grew by 0.5% in annual terms. This is stated in the review of the Ministry of Economic Development “On the current situation in the Russian economy”.

“According to the Ministry of Economic Development of Russia, in September 2026, GDP growth amounted to +0.5% yoy after +0.8% yoy in August,” the report says.

In January-September 2026, GDP growth was 0.6% in annual terms.

As noted in the Ministry of economic development, the preliminary estimate of GDP for the third quarter of Rosstat will publish on November 13, 2026.

The head of the Ministry of economic development Maxim Reshetnikov in August announced the return of the Russian economy to growth. According to him, it is achieved not only due to the budget impulse, but also due to the revival of consumption. In addition, the Minister pointed to the “careful but consistent” reduction of the key rate by the Central Bank.