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Russia: GDP to Increase without Economic Growth

Published: August 24, 2013; 19:35 · (Vindobona)

Russia will change its GDP account practice. Foreign investors will benefit from the new standards, head of Rosstat says.

Russia: GDP to Increase without Economic Growth / Picture: © Vindobona.org

According to Alexander Surinov, director of the Russian statistical office Rosstat, Russia´s nominal gross domestic product will increase significantly next year .This is due to the change in GDP accounting standards, which was recommended by the OECD. At the moment, Russia still operates under the 1968 revision. Instead of completing the transition to the 1993 revision, Russia will…

This article includes a total of 113 words.

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