Rosstat explained the statement about the record growth of the economy
Federal state statistics service (Rosstat) explained, what is a record GDP growth in Russia. Letter given on the Internet representation offices.

Federal state statistics service (Rosstat) explained, what is a record GDP growth in Russia. Letter given on the Internet representation offices.
before Rosstat said that in 2018, the GDP in the country amounted to 2, 3 percent, higher than forecasts of Ministry of economic development and the Bank of Russia. In addition, this figure was a record since 2012, when the economy grew by 3 7 percent.
the Ministry informed that the calculations were based on a preliminary assessment of the main macroeconomic indicators and statistical data about results of activity organizations for one year, And used information about execution of the consolidated budget of Russia, assessment of the balance of payments and foreign trade indexes, and other data.
Rosstat also added that in 2018 compared to 2017 in all sectors, Except the industry " Agriculture, forestry, hunting, fisheries and aquaculture ", marked by an increase of the volume index of value added. But the greatest influence on the growth of index of physical volume of GDP was provided by industry " Mining and quarrying ", " wholesale and retail ", "Transport and storage" and " construction ". It is noted that the growth runway is strongly influenced by rapid export growth (106, 3%) over imports (103, 8%).
the Ministry also said that the structure of use of GDP in 2018 were determined favorable external environment for exports that has led to the increase in the share of net exports of items and services in the GDP structure in relation to 2017 for 4, 6 percentage points.
at the end of January, the Ministry of economic development has improved the assessment of the increase in GDP for the year from 1, 8 to 2% largely due to the rise in the construction industry. The Central Bank had forecast GDP Growth at 1, 5-2 %.
on the analysis of Rosstat, in the past year, the gross domestic product in construction increased by 4, 7 percent. The higher the rate of increase was observed only in the financial and insurance sector (6, 3 percent) And the hotels and factories catering (6, 1%).
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