GDP growth of the Russian Federation (RF) in 2007, according to the last estimations, totaled 7,8% against 7,4% in 2006, declared Aleksey Kudrin, Minister of Finance of RF, speaking at the forum “Russia”, organized by Troika Dialog in Moscow. According to him, such results allow saying that in the nearest three years the economy of Russia grows 6,5-7% rates a year.

Russian GDP (Gross Domestic Product) growth totaled 7,6% in the 3Q of 2007. These data, published by Rosstat (Federal State Statistics Service), turned out to be much better than prior estimations by MEDT (Ministry of Economic Development and Trade) and analysts’ predictions. According to them, the problems in the world markets influenced the Russian economy less, than it had been supposed earlier. However, it would be possible to keep growth (provided by a rise of manufacturing industries, trade and construction) at a reached level not so long. The growth outsiders remain raw branches, education and public health services.

The growth of GDP for nine months of 2007 made 7,4% against 6,3% during the same period of 2006. Such numbers announced Elvira Nabiullina, the head of the Ministry of Economic Development. According to her, over the last years the Russian economy has overheated – annual economic growth makes 6-7% that considerably outstrips the dynamics of world economy. And if to recount GDP according to the rate of dollar exchange, GDP already made $985 billions in 2006 as compared to $260 billions in 2000. This year, Nabiullina is sure, Russia will cross the limit of one trillion 200 billions dollars by GDP volume.