ECONOMIC INFORMATION

 

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Population: 143.4m

Population growth: -0.45%

Population density (people per sq. km): 8

UN Human Development Index ranking: 57/177

Gross national income (current US$): $374.9bn (2003)

Gross national income per capita: $2,610

PPP Gross national income: $1,278.9bn

PPP Gross national income per capita: $8,920

GDP growth: 7.8% (2003)

GDP breakdown Agriculture: 5.2%, Industry: 34.17%, Services: 60.67%

Inflation (12-month average): 14.45 (2003)

Gross capital formation as % of GDP: 20.32%

Final consumption expenditure as % of GDP (growth): 68.8% (11.2%)

Exports of goods & services as % of GDP: 31.7%

Top 3 export markets: Germany, US, Italy

Local industries: Mining; machine building; shipbuilding; road & rail transportation equipment; communications equipment; agricultural machinery; medical & scientific

instruments; consumer durables

WEF Growth Competitiveness ranking * : 70/104

WEF Business Competitiveness ranking **: 61/103

WEF Quality of the Business Environment ranking: 60/103

Transparency International Corruption Perceptions ranking: 90/145

Languages : Russian (official)

 

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FDI INFORMATION

 

Region: Eastern Europe

No. of projects (Jan-Sep 2004): 708

Market-share of projects in the region: 35.3%

Value of projects relative to GDP : 16.4%

Top 3 destination sectors: Food & drink, automotive OEM, financial services

Top 3 business functions: Manufacturing, retail, sales marketing & support

Top 3 source countries: US, Germany, Finland

Top 3 investors: Royal Dutch Shell, IKEA, Renault

 

IPA

 

Name: Invest 2 Russia

Web address: www.invest2russia.com

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations