Template-Type: ReDIF-Paper 1.0 Author-Name: Izryadnova Olga Author-Name-First: Olga Author-Name-Last: Izryadnova Author-Workplace-Name: Gaidar Institute for Economic Policy Title: The dynamics and pattern of Russia’s economic growth in 2018 Abstract: In 2016–2018, the economic situation was characterized by the gradual recovery of GDP positive dynamics with GDP growth rates increasing from 100.3 percent in 2016 to 101.6 percent and 102.3 percent in 2017 and 2018, respectively. The GDP real volume surpassed by 1.6 percentage point the indicator of 2014, having compensated the crisis decrease seen in 2015. Unlike the conditions of the previous two years, the nature of development of the economy in 2017-2018 was determined by simultaneous growth in demand on the international and domestic markets. With a relatively favorable foreign economic situation and sustainable positive dynamics, in 2018 exports amounted to 119.4 percent (as per the methods of the system of national accounts (SNA)) as compared to 2014. With the speed-up of the growth rates of the volume of exports to 6.3 percent, in 2018 the contribution of net exports to GDP increased to 3.5 percent against the indicator of 2.8 percent a year before in comparable prices (10.0 percent against 5.3 percent in current prices). Growth in net exports had a considerable effect on the dynamics and pattern of formation of GDP and compensated the weakening of domestic market dynamics. Classification-JEL: G19, G28 Keywords: Russian economy, production, external and internal demand, GDP structure Creation-Date: 2018 Revision-Date: 2018 Length: 18 pages File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2019-971.pdf File-Format: application/pdf File-Function: Revised Version, 2019 Handle: RePEc:gai:ppaper:ppaper-2019-971