Russian Federation - Exports of Goods and Services

From the quarterly national accounts for Russia, the expenditure approach to GDP ("use of GDP"), production approach (output), and income approach, at current and constant prices. Quarterly from 1995.

Active:

• National accounts framework: Based on UN SNA 2008
• Industry classification: Based on NACE Rev. 2
• Measurements:
  • Billions of Russian rubles at constant year-2016 prices (Bil. 2016 RUB)
  • At current prices (Bil. RUB)
  • Moving-base volume index relative to corresponding period of previous year (Vol. Index CPPY=100)
• Adjustments:
  • Seasonally adjusted (SA)
  • Not seasonally adjusted (NSA)
• Native frequency: Quarterly
• Start date: As early as 1995Q1

Predecessor:

• Annual - 1995 to 2011

System of National Accounts (SNA) - a system of interrelated indicators used for the description and analysis of macroeconomic processes in more than 150 countries with a market economy. SNA originated about 50 years ago in the most economically developed countries due to the need for the information needed to analyze the state of the economy, the formation of economic policy and the adoption of measures to regulate the market economy.

The conceptual framework of the SNA Russia is the "System of National Accounts", developed under the auspices of the Inter-Secretariat Working Group on National Accounts. Starting 2017, the source has implemented methodological changes based on SNA 2008, NACE Rev. 2

Some deviations from the international standards have no significant impact on the quantification of indicators and associated with the peculiarities of the Russian economy.

The System of National Accounts in Russia includes the following sectors:

• By products and services;
• By production;
• Generation of income account;
• Allocation of primary income account;
• Secondary distribution of income;
• Use of disposable income;
• Capital account;
• Financial account. 

The most important indicator of the System of National Accounts is the Gross Domestic Product (GDP), which characterizes the final result of production activity of resident economic units, which is measured by the value of goods and services produced by these units for final use.

Gross domestic product can be calculated by three methods, corresponding to different stages of reproduction - the production, by the use of revenues and the method of formation of GDP by source of income.

GDP calculated by production method is the sum of gross value added of all industries or institutional sectors in basic prices plus net taxes on products.

GDP, calculated by the use of income is the sum of the costs of all institutional sectors of final consumption, gross capital formation and net exports.

GDP produced by the formation of sources of income is the sum of compensation of employees (residents and non-residents), the gross profit of all branches or institutional sectors and net taxes on production and imports. This method is not independent, since in accordance with the methodology, not all indicators of incomes can be measured directly and some of them are calculated by the balance method.

The production boundary defined in the SNA as all the activities of resident units of the national economy (including the activities of foreign and mixed enterprises with the center of economic interests in Russia and operating it on a permanent basis) for the production of goods and services. Production sector covers the activities of enterprises producing goods and services of both market and non-market (for free or sold at prices that are not economically significant, and no significant impact on the demand).

Moody's Analytics supplements

For GDP(I), we extend the current-priced annual and quarterly series to 1995. We construct two SA supplements, viz., total compensation of employees and gross profit of the economy and gross mixed economy.

For GDP(O), for GVA by industry at current prices, we construct SA counterparts.

Data are preliminary when first released.  No revisions have been undertaken to the estimates before 1995 because of differences in the methodology and in the source data used to derive the estimates for the earlier periods. The first set of preliminary quarterly estimates are disseminated 50 working days after the end of the period and revised 80 working days after the end of the period.  The set of quarterly estimates for a given calendar are finalized 24 months after the end of that calendar year, along with the annual estimates for that year.

The currency reference year is periodically advanced.

In 2020 history has been extended from 2014 to 2011, the data is presented including Crimea and Sevastopol.

Further reading

At the IMF (SDDS):

• Real sector - National accounts