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Russia’s GDP year-to-year growth is at 4 percent in Jan-June

September 07, 2012, 19:44 UTC+3
It made up 28,061.7 billion roubles in the current prices
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MOSCOW, September 7 (Itar-Tass) — The Russian Gross Domestic Product (GDP) increased by 4.5 percent in the first half of the year, as compared to the same period of 2012, and made up 28,061.7 billion roubles in the current prices (USD 1 = RUB 32.01), the Russian State Statistics Service said in its report published on Friday.

In April-June, the GDP amounted to 14,571.1 billion roubles, which was four percent more than in the same months of 2011, the document wrote, adding that the indicator went up by six percent as compared to January-March 2012.

In April-June, the GDP deflator index amounted to 7.4 percent, as compared to the prices of January-March, the report said.

According to the Statistic Service, the GDP growth made up 4.9 percent in January-March.

In the meantime, the Statistics Service’s GDP estimates differ from those declared by the Economic Development Ministry.

Proceeding from the ministry’s data, the GDP growth was estimated at four percent in the first three months of the year and at 3.9 percent in the second three months, as well as at 4.4 percent in January-June.

Earlier, Economic Development Deputy Minister Andrei Klepach forecasted that the indicator will stand at 2.7 percent in July-September and will make up 2.9 percent in October-December 2012.

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