Rosstat: Russia's GDP in 2019 increased by 1.3%

the Growth of Russia’s GDP in 2019 amounted to 1.3%, according to Rosstat. This corresponds to the official forecast of Ministry of economic development.

“the Volume of Russia’s GDP in 2019, according to the first estimate, amounted in current prices 109361,5 billion. The index of physical volume of GDP in 2018, relative to 101.3%. The index-deflator of GDP in 2019 compared to the prices of 2018 was 103.4%”, — specified in the message of Rosstat.

At the end of 2020 the Ministry expects growth of Russia’s GDP by 1.7%, and in 2021 — up to 3.1%. In 2018, the Russian economy grew by 2.5%.

Earlier, the Bank of Russia has published the medium-term Outlook following the meeting of the Board of Directors on the key rate on December 13. The Bank of Russia has kept the GDP growth forecast for Russia for 2020 in the amount of 1.5-2% as in 2021-2022 years, and 1.5 — 2.5% and 2-3%, respectively.

the Regulator raised its forecast for net capital outflow from Russia in 2019 from $37 billion to $40 billion and has retained the forecast for 2020 at $20 billion, and in 2021 and 2022 at $15 billion, the Bank of Russia increased the forecast average price of Urals oil in 2019, $63 to $64 per barrel and kept the price forecast for 2020 at $55 per barrel, at 2021-2022 from $50 per barrel.