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Economy of Russia

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The economy of Russia is potentially one of the strongest in the world. It is however by many international organisations considered a developing one. Russia has undergone significant changes since the collapse of the Soviet Union, moving from a centrally planned economy to a more market-based and globally integrated economy, officially referred to by the Russian leadership as state capitalism. As of 2014, Russia's capital, Moscow, now has the second highest billionaire population of any city in the world (after London, UK).

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dbr:Economy_of_Russia

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Standard&Poors: A- Moody's: A2 Fitch: A

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1

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к.

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$1 = 66,43 руб

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78130000

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1050

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31776

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complete range of mining and extractive industries producing coal, oil, gas, chemicals, and metals; all forms of machine building from rolling mills to high-performance aircraft and space vehicles; defense industries including radar, missile production, and advanced electronic components, shipbuilding; road and rail transportation equipment; communications equipment; agricultural machinery, tractors, and construction equipment; electric power generating and transmitting equipment; medical and scientific instruments; consumer durables, textiles, foodstuffs, handicrafts

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auto

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none

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2.251E12

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RUB

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kopek

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14828.0

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Russian Ruble

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1.0

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руб

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200

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рубля, рублей

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Rouble coins.png Banknote 5000 rubles front.jpg

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105010050010004992

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Central Bank of Russia

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16.04

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15.6

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Estimated 135 million US$ +

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calendar year

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6.1

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копейки, копеек

n34:abstract

The economy of Russia is potentially one of the strongest in the world. It is however by many international organisations considered a developing one. Russia has undergone significant changes since the collapse of the Soviet Union, moving from a centrally planned economy to a more market-based and globally integrated economy, officially referred to by the Russian leadership as state capitalism. As of 2014, Russia's capital, Moscow, now has the second highest billionaire population of any city in the world (after London, UK). The Russian Government predicts stable growth rates for future years of around 10% of GDP. 2014 however has seen a tremendously high growth of all economic sectors. In addition the percentage of the population living below the poverty line has plummeted, largely due to increases in salaries of federal and local government employees, as well as a 100% increase in pensions in June 2014. Unemployment has been reduced by almost 50%, which means that by November, almost a million new jobs had been created in Russia during 2014.