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03:40 «Witnesses of the era»
03:40 «Witnesses of the era»
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03:40

«Witnesses of the era»

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Иконка с часами 23 minutes 26 sec.
Indian Ambassador to Russia Vinay Kumar: "BRICS cooperation model meets socio-economic development needs of the Global South"
Иконка с часами 22 minutes 41 sec.
Ambassador Extraordinary and Plenipotentiary of Ethiopia to Russia, Genet Teshome Jirru: "BRICS is very important for us"
Иконка с часами 14 minutes 55 sec.
Political scientist Richard Sakwa: "BRICS is the foundation of more mature international politics"
14.02.2515:44 Culture
International projects of Moscow Kremlin Museums to receive media support abroad with TV BRICS assistance
29.01.2511:11 Culture
Russia to release jubilee cycle about world-famous international authors of "Za Rubezhom" publication
28.01.2510:56 Culture
Young artists from BRICS countries to come to Moscow for training in 2025
Russia
05.04.24 10:30
Economics

Russia is fifth among G20 countries in terms of economic growth rate

The rankings were based on 2023 results


According to the national statistical services, last year Russia ranked fifth among the G20 countries in terms of economic growth. This is reported by Brasil 247, a partner of TV BRICS.

The Russian economy grew by 3,6 per cent last year, fully offsetting the 1,2 per cent contraction in 2022. Similarly, India topped the ranking with its GDP growth rate rising from 7,2 per cent to 7,3 per cent. China is next with 5,2 per cent after 3 per cent the previous year. In third place is Indonesia, whose economy grew by 5,1 per cent in 2023 compared to 5,3 per cent in 2022. Turkey, which ranked fourth, had a GDP growth of 4,5 per cent in 2023.

According to Federal State Statistics Service (Rosstat), the Russian economy grew by 3,6 per cent year-on-year in 2023. This is the highest figure since 2021.

Photo: iStock

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