Übersicht

At a Glance

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Russia spans 6.5 million square miles (17 million square kilometers) that are home to 139.4 million people (2010 estimate), including a workforce of 75.55 million. However, the country is experiencing a population decline that is expected to reduce the population by 30% during the next half-century. Services employ 58.1% of the workforce, followed by industry (31.9%) and agriculture (10%).

The main private sector services-wholesale and retail trade, banking and insurance, and transportation and communications-showed strong growth of about 10%. In contrast, public sector services lagged behind in 2007 with only 1.6%-2.4% growth in education and health care, although public administration increased to 7.5%. Recent productivity growth has still been strong in some parts of domestic manufacturing. Real disposable incomes grew by 10.4% in 2007 spurring considerable growth in private consumption.

Financial Facts

  • Estimated GDP (2010) of US$2.223 trillion or US$15,900 per capita
  • GDP grew 4% from 2009-2010
  • Services account for 62% of GDP
  • Industry generates 33.8% of GDP. The country manufactures automobiles, trucks, trains, agricultural equipment, advanced aircraft, aerospace, machine and equipment products; mining and extractive industry; medical and scientific instruments; construction equipment. It is the world's third-largest exporter of steel and primary aluminum.
  • Agriculture generates 4.2% of GDP