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Russia's GDP up 3.95 in first half 2011


Post Date: 28 Jul 2011    Viewed: 508

Russia's gross domestic product (GDP) has grown 3.9 percent in the first half of 2011, the Economic Development Ministry said on Tuesday.


According to the ministry, Russia's foreign trade enlarged by 35.2 percent in the first six months to 397.3 U.S. billion dollars compared with the same period last year.


Russia's exports grew by 31.4 percent year-on-year to 249.5 billion dollars, while imports grew by 42.3 percent to 147.8 billion dollars.


In January to June, the country's industrial output has increased 5.3 percent, and the output growth in June reached 0.7 percent.


In June, the GDP growth reached 0.3 percent compared with May. The growth was attributed to retail trade, processing sector and building industry.


The ministry also noted that Russia's foreign trade surplus amounted to 16.6 billion U.S. dollars in June, that was a 30.4-percent hike compared with last June. (Xinhua)


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