19 Nov 2009 13:22


MOSCOW. Nov 19 (Interfax) - Russia's GDP dropped more significantly than in any other G8 or BRIC country in the third quarter of 2009, the Russian Federal Statistics Service (Rosstat) reported in a quarterly review.

Russia's GDP declined by 8.9% in the third quarter of 2009 compared to the third quarter of 2008, while Britain's GDP dropped in the same period by 5.2%, Germany's by 4.8%, Italy's by 4.6%, Japan's by 4.5%, Canada's by 4/0%, France's by 2.4%, and the U.S.' by 2.3%.

China's GDP grew in January-September 2009 by 7.7% compared to January-September 2008. GDP in India and Brazil have so far been calculated only for the second quarter of 2009. Brazil's GDP in this period declined by 1.2% compared to the second quarter of 2008, and India's grew by 6.1%.

Russia also had the highest inflation among the G8 members, and only India's inflation was higher than Russia's in BRIC.

In particular, inflation in Russia from September 2008 to September 2009 reached 10.7%, while that in India 11.6% and in Brazil 4.3%. China saw 0.8% deflation in the same period.

Among the G8 member-states, the highest inflation in this period was recorded in the United Kingdom - 1.1%, and that in Italy was 0.2%. Japan saw 2.2% deflation from September 2008 to September 2009, deflation in the U.S. reached 1.3%, that in Canada 0.9%, in France 0.4%, and in Germany 0.3%.

The level of unemployment in Russia in September 2009 - 7.6% - was roughly on average with the other G8 countries. The lowest unemployment in this period was in Japan - 5.3%, that in Germany was 7.6%, in Canada 8.4%, in the U.S. 9.8%, and in France 10.0%. Unemployment in the United Kingdom in the third quarter of 2009 was 7.8% and that in Italy in the second quarter 7.4%.