This fact check was adapted from Factograph.info.
The growth of the Russian economy in the decade from 1999 to 2008 averaged 6.9% - the annual figures given by both the International Monetary Fund (IMF) and Rosstat (Russia’s state statistical agency) for this period converge.
As for the next ten years – from 2009 to 2018 -- IMF and Rosstat data do not coincide in only two cases. Additionally, Russia's economic growth during that period averaged 0.97% per year, according to the IMF, while Rosstat says it grew 0.91% per year. In any case, both estimates indicate that Russia’s economy grew “less than 1% per year,” as Kudrin noted in his interview.
For a comparative chart, we took data on Russia from Rosstat, while using IMF data for the world average, including the fund’s latest forecasts for the period up to 2024:
The IMF predicts the world economy will grow by 3.6-3.7% in 2023-2024, while the economies of developed countries will grow by just 1.6% during the same period. The Russian Ministry of Economic Development predicts that Russia’s economy will grow by 3.3% in 2023-2024, while the IMF predicts the Russian economy’s growth rate in that period will match that of world’s developed economies – 1.6 percent:
Still, the IMF predicts that by the middle of the next decade, Russia’s economic growth rate will be the lowest among the BRICS countries (Brazil, Russia, India and China):
However, if we proceed from the Russian Ministry of Economic Development’s current forecasts and compare them with those of the IMF, Russia’s economic growth rate by the middle of next decade will be in third place among the BRICS countries, behind India and China.
