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Russian GDP Shrinks by 0.6% in 2016 - Economy Ministry

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The decline of Russia's GDP through 2016 totaled 0.6 percent year-on-year, according to report of the Ministry of Economic Development. 30.01.2017, Sputnik International

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Russian GDP Shrinks by 0.6% in 2016 - Economy Ministry

17:56 GMT 30.01.2017 (Updated: 11:23 GMT 05.03.2023)

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The decline of Russia's GDP through 2016 totaled 0.6 percent year-on-year, according to report of the Ministry of Economic Development.

MOSCOW (Sputnik) — Russia's deseasonalized GDP dropped by 0.6 percent in 2016, the Ministry of Economic Development said in a monthly monitoring report published on Monday.

"According to the ministry's estimates, the decline through 2016 totaled 0.6 percent year-on-year," the report said.