Russia's GDP Grows 0.6% in First Half of 2026

Russian Prime Minister Mikhail Mishustin reported at a government meeting that Russia's GDP grew by 0.6% year-on-year in the first half of 2026.

Consensus

Russia's nominal GDP increased by 0.6% in the first half of 2026 compared to the same period in 2025.
The nominal GDP of Russia approached 102 trillion rubles in the first half of 2026.
Government revenues in the first half of 2026 exceeded 18.6 trillion rubles.
The share of non-oil revenue in the budget exceeded 80%.
The government is promoting economic diversification toward high-value-added sectors.
The growth occurred despite existing challenges.
Industrial production also showed growth.

The consensus forecast from the HSE Development Center predicts that Russia's GDP growth will not exceed 2% annually until 2032, with a projected 0.6% growth in 2026. — tg_moscowtimes_ru
Russia is expected to fall behind both developed and developing countries in economic growth over the next six years due to low investment, technological decline, and human capital loss. — tg_moscowtimes_ru
President Vladimir Putin described the economic dynamics as 'modest but positive' and cited external pressure, terrorist attacks on industrial and infrastructure targets, and their impact on economic growth. — vedomosti
Putin stated that there are no critical consequences from terrorist attacks on industrial and infrastructure facilities. — vedomosti
Mishustin emphasized that the positive GDP trend continues despite existing challenges and highlighted growth in industrial production. — kommerant
Mishustin noted that the growth occurred on the backdrop of high growth rates from previous years. — vedomosti