Finance
Russia's 2026 GDP growth is seen at 1-1.3%, deputy PM Novak says
Published by Global Banking and Finance Review
Posted on February 3, 2026
1 min readLast updated: February 3, 2026
Quick Summary
Russia's GDP is forecasted to grow by 1-1.3% in 2026, with 2025 growth at 1% and a 2.2% jobless rate, according to Deputy PM Novak.
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 about Russia's 2026 GDP growth is seen at 1-1.3%, deputy PM Novak says
1What 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.
