Business · Economy · 7 hrs ago
Russia’s 2026 GDP growth may exceed current forecast, ministry says
Russia’s Economic Development Ministry says growth may beat its forecast by the end of 2026.
Preliminary data from Rosstat, the country’s statistics agency, showed GDP rose 1% year on year in the third quarter.
The ministry said domestic demand and some industries helped drive that increase.
Manufacturing, machine-building and metals were key contributors, it said.
Construction returned to growth, while freight transport continued to expand.
Future growth will depend on economic changes and National Projects, the ministry said.
Russia’s economic ministry said GDP growth by the end of 2026 may be slightly above the current forecast.
The ministry based its assessment on Rosstat’s provisional estimate and flash data for the third quarter.
Rosstat’s preliminary estimate put year-on-year GDP growth at 1% in the third quarter of 2026.
The ministry said internal demand and some real-sector industries supported third-quarter growth.
It said future growth will depend on structural changes and the effective implementation of National Projects.
- Who
- Russia’s Ministry of Economic Development made the assessment. Rosstat provided the preliminary GDP estimate.
- What
- GDP growth by the end of 2026 may be slightly above the current forecast.
- When
- The ministry made the statement on November 13, 2026, referring to growth by year-end.
- Where
- Russia.
- Why
- Third-quarter growth was supported by internal demand and some real-sector industries. The ministry said future growth will depend on structural changes and implementation of National Projects.
This story does not have two clearly opposing sides.
Rosstat’s preliminary estimate showed that GDP increased by 1% year on year.
The Ministry of Economic Development said GDP growth by year-end may be slightly above the current forecast.
- GDP growth, third quarter of 2026
- 1% year on year
- Possible year-end growth
- Slightly above the current forecast
- Growth contributors
- Internal demand and some real-sector industries
- Industries cited
- Machine-building and metallurgical complexes
- Published
- November 13, 2026
What people are saying
Further dynamics will depend on the pace of structural changes in the economy and efficient implementation of National Projects
The Russian economy continues developing, contrary to external challenges and constraints.