
The GDP volume for the reporting period amounted to 56.166 trillion rubles at current prices
AI-generated summary
Rosstat publishes official data on GDP production based on statistical indicators of economic sectors.
Rosstat confirmed the estimate of Russian GDP growth in the second quarter of 2026 at 1.3% in annual terms, according to data from the statistical agency.
Rosstat on Friday published the first estimate of GDP production in the second quarter of 2026. It coincided with the preliminary assessment, which was made in August.
According to the statistics agency, Russia's GDP for the second quarter amounted to 56.166 trillion rubles at current prices.
“The index of its physical volume relative to the second quarter of 2025 was 101.3%, relative to the first quarter of 2026 – 108.1%. The GDP deflator index for the second quarter of 2026 relative to prices of the second quarter of 2025 was 112.5%,” the document says.
As Rosstat writes in a commentary, GDP growth was most influenced by the increase in the physical volume of gross value added in a number of industries. In particular, in the field of hotels and restaurants (by 5.8%, due to increased demand in the catering market); in transportation and storage (by 4%, against the backdrop of an increase in cargo turnover); in wholesale and retail trade (by 2.8%); in manufacturing (by 1.2%, including due to an increase in the production of medicines, finished metal products, vehicles, trailers and semi-trailers).
In addition, the information and communications industries affected GDP dynamics in the second quarter; finance and insurance; activities in the field of culture and sports (+2.5%).
As Rosstat previously reported, in the first half of the year the Russian economy grew by 0.6% in annual terms.

In August, Rosstat recorded food deflation: food prices fell by 0.3% over the month. The largest decrease in prices was noted for cabbage - by 18.8%. Potatoes, carrots, beets, grapes, tomatoes, lemons, onions, peppers, garlic, mushrooms, pears, greens, apples, bananas, as well as some dairy, confectionery and beverage products also fell in price.

Deputy General Director of Personnel Capital Arsen Badalyan warned about the risks of replacing labor relations with outsourcing. Companies may face tax claims, and workers may lose benefits such as vacation and sick leave.

Special Representative of the Russian President Boris Titov announced the possibility of a significant increase in the export of wheat and soybeans to China. To realize the potential, it is necessary to optimize logistics through the Far East and reduce transport costs.

The Bank of Russia has held its key rate at 14%, citing increased price pressures and high inflation expectations. Governor Elvira Nabiullina indicated that future rate cuts are limited and that monetary policy will remain tight to curb domestic demand.

The Central Bank of the Russian Federation announced the additional capitalization of the Russian National Reinsurance Company by 165 billion rubles. RNPK acts as the main reinsurer for Russian companies under sanctions, covering the risks of terrorism and drone attacks.

Kirill Dmitriev said that due to the policies of European bureaucrats, gas prices in the EU are 12.2 times higher than in the US and will continue to rise, putting pressure on households.