Russia's Economic Development and Trade Ministry published on Thursday on its website a report on the Russian economy's performance in the first eleven months of 2007.
In accordance with the report, Russia's GDP is expected to rise 7.6% in 2007 compared with the previously projected figure of 6%.
Russia's economy grew 6.7% in 2006.
Inflation in Russia measured 1.1-1.3% in December, bringing consumer price growth to 12% this year, compared with the initial forecast of 8%, the ministry said.
Inflation in Russia stood at 9% in 2006.
The ruble exchange rate against the dollar/euro basket grew 4.6%, year on year, in real terms in January-November 2007.
The ruble gained 14.15% against the dollar, 4.2% against the euro and 10.7% against the British pound in January-November 2007 year on year.
Fixed capital investment in Russia grew 17.2% in November and 20.5% in January-November 2007, year on year.
At the same time, Russia's foreign trade surplus declined by 9.5%, year-on-year, in January-November 2007 to $117 billion.
Russia's foreign trade continues to develop amid a favorable world market situation and increased 22.5% in the reporting period to $514.4 billion.
Imports grew 37.1% to $198.7 billion, while exports increased 15.1% to $315.7 billion, the report said.
