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Russia's 2026 GDP growth is seen at 1-1.3%, deputy PM Novak says

Published by Global Banking & Finance Review

Posted on February 3, 2026

1 min read

· Last updated: February 3, 2026

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Russia's 2026 GDP growth is seen at 1-1.3%, deputy PM Novak says
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MOSCOW, Feb 3 (Reuters) - Russia's gross domestic product (GDP) is expected to grow by 1 to 1.3% in 2026, Deputy Prime Minister Alexander Novak said on Tuesday. For 2025, growth was estimated at 1%

Russia's GDP Growth Projected at 1-1.3% for 2026, Says Deputy PM

Economic Forecast for Russia

MOSCOW, Feb 3 (Reuters) - Russia's gross domestic product (GDP) is expected to grow by 1 to 1.3% in 2026, Deputy Prime Minister Alexander Novak said on Tuesday.

2025 Growth and Unemployment Rate

For 2025, growth was estimated at 1% and the jobless rate at 2.2%, Novak said in a speech on the economy delivered to Russia's upper house of parliament.

Government's Economic Outlook

(Reporting by Darya Korsunakaya and Olesya Astakhova; Writing by Lucy Papachristou; Editing by Mark Trevelyan)

Key Takeaways

  • Russia's GDP is expected to grow by 1-1.3% in 2026.
  • Deputy Prime Minister Alexander Novak provided the forecast.
  • Growth for 2025 is estimated at 1%.
  • The unemployment rate for 2025 is projected at 2.2%.
  • The forecast was presented to Russia's upper house of parliament.

Frequently Asked Questions

What is economic growth?
Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured as the percentage increase in real GDP.

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