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Russian GDP up 1.4% in March, economy ministry says

Published by Global Banking & Finance Review

Posted on April 30, 2025

1 min read

· Last updated: January 24, 2026

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Russian GDP up 1.4% in March, economy ministry says
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Russia's GDP Grows 1.4% Year-on-Year in March, Economy Ministry Reports

MOSCOW (Reuters) -Russia's gross domestic product (GDP) grew by 1.4% in March year-on-year after expanding by 0.7% in February, the economy ministry said on Wednesday.

For the first quarter this year, GDP grew by 1.7% in year-on-year terms compared to growth of 5.4% in January-March 2024, the ministry said.

Economists in a Reuters poll said they see growth slowing to 1.6% in 2025, down from 4.3% in 2024.

The economy ministry forecast 2025 annual growth of 2.5%, compared with a central bank prediction of 1-2%.

(Editing by Andrew Osborn)

Key Takeaways

  • Russia's GDP grew by 1.4% in March year-on-year.
  • First quarter GDP growth was 1.7% year-on-year.
  • Economists predict slower growth of 1.6% in 2025.
  • Economy ministry forecasts 2.5% growth for 2025.
  • Central bank predicts 1-2% growth for 2025.

Frequently Asked Questions

What was the GDP growth rate for Russia in March?
Russia's GDP grew by 1.4% in March year-on-year, following a 0.7% increase in February.
How did the GDP growth in the first quarter of 2025 compare to previous years?
For the first quarter of 2025, GDP grew by 1.7% year-on-year, a decrease from 5.4% in January-March 2024.
What do economists predict for Russia's GDP growth in 2025?
Economists predict that growth will slow to 1.6% in 2025, down from 4.3% in 2024.
What is the economy ministry's forecast for annual growth in 2025?
The economy ministry forecasts an annual growth of 2.5% for 2025, while the central bank predicts growth of 1-2%.

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