13 Jun 2024 17:57

EAEU countries see GDP grow 5.3% in Jan-March - Russian Economic Development Ministry

NOVOSIBIRSK. June 13 (Interfax) - The aggregate GDP of the countries in the Eurasian Economic Union (EAEU) grew 5.3% in the first quarter of the year, Russia's Deputy Economic Development Minister Dmitry Volvach told the participants of the VI Exports to EAEU Countries: Interregional Cooperation Scenarios conference, which began in Novosibirsk on Thursday, via video link.

"Specifically, Armenia's GDP grew an additional 14%, Belarus' GDP rose over 4%, Kazakhstan's GDP increased nearly 4%, and Kyrgyzstan's GDP grew nearly 9%. We also saw continuing growth in GDP of 5.4% in the first quarter in Russia," Volvach said.

Volvach also said that the EAEU's economic indicators have been growing for several years, with GDP having risen 3.8% in 2023, which outpaced growth rates in the global economy. International Monetary Fund data indicate that there was growth of 3.2% in global GDP in 2023.