23.03.2025, Moscow.
Russia entered the top three in terms of economic growth rates among the G20 countries in 2024. Russian statistical services stated on March 23.
According to the data, India leads in economic growth rates, despite a slowdown in its economic development from 8.8% to 6.7%. Second place is shared by China and Indonesia, with their GDP growing by 5% in 2024. Russia, which has been increasing its economic success for two consecutive years at a rate of 4.1%, ranks third in this list.
Brazil is fourth in terms of economic growth within the G20, with its GDP growth rising from 3.2% to 3.4%. Turkey ranks fifth, currently experiencing a significant slowdown in growth rates – from 5.1% to 3.2%.
The only major economies to experience a significant decline in 2024 are Argentina and Germany. Their GDP has been falling for the second consecutive year. Meanwhile, Italy, France, and Canada have maintained their previous growth rates.
Earlier, the Organisation for Economic Co-operation and Development (OECD, headquartered in Paris) revised its forecast for Russia’s economic growth. In December, it predicted a 1.1% growth in Russia’s GDP for 2025, but the new estimate now projects a 1.3% growth.
Source: Rossa Primavera News Agency
