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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
RussiaRussia GDP YoY climbed to 3.6% in November 2024
FMPQuarterlyReleased December 2024
Russia GDP YoY climbed to 3.6% in November 2024, released December 2024, up 0.4% from October's 3.2% reading. The print exceeded the 2.9% consensus by 0.7%. GDP YoY has now risen for 4 consecutive months. Over the past 3 months, GDP YoY averaged 2.83%, vs 3.63% in the prior 3-month window. The reading is in the 44th percentile of the trailing 24-month range.
Latest Release
3.6
Actual
2.9
Consensus
3.2
Previous
Median Absolute Error
±0.5 percentage points
across last 12 releases
Last Call
Dec 2024
Predicted: 2.92
Actual: 3.6
Error: -0.68
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP YoY (Russia) was reported at 3.6% in December 2024. This beat the market consensus of 2.9% by 0.7%. The reading rose from the previous value of 3.2%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3.23%, up from the prior three at 2.93%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 0.5%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Gross Domestic Product YoY (Jun 17) and Interest Rate Decision (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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GDP YoY - RU
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About GDP YoY — Russia
DEFINITION
GDP YoY stands for Gross Domestic Product Year-over-Year, and is a key economic indicator that measures the annual percentage change in a country's total economic output. It provides valuable insight into the overall health and growth of an economy, as well as its performance compared to previous years. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and assess the current state of the economy.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2024): actual 3.6 %, consensus 2.9 %. Prior reading (Oct 2024): 3.2 %. Before that (Sep 2024): 2.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.