In this article we’ll speak about Russia – the biggest country in the world.
Russia is the 12th largest world’s economy in 2018 according to the International Monetary Fund data.
Taking in consideration the size of the market and the progressive recovery of the Russian economy, multiple opportunities are opening for European companies there now.
General data (2017)
- Capital: Moscow
- Area: 17 075 200 km²
- Population (2017): 144,5 million people
- Language: Russian
- Currency: Rouble (RUB)
- Education: 99,4% literacy rate
Economic indicators (2017)
- GDP (B USD): 1578 (+23% compared to 2016)
- GDP per capita (USD): 10743 (+ 23% compared to 2016)
- Unemployment: 5,4% (-4% compared to 2016)
- GDP growth rate: 1,5% (negative in 2016)
- Composition of GDP: Service – 66%; Industry – 30%; Agriculture – 4%
- Ranking « Doing Business»: 40 / 190
International trade (2017)
- Main exports (2017): mineral fuels including oil (59%), metal products (10%), machinery, apparatus and transport equipment (8%), chemistry (7%), agricultural products (6%)
- Main imports (2017): machinery, apparatus and transport equipment (49%), chemistry (18%), agricultural products (13%), metals and articles thereof (7%), textiles and footwear (6%)
