yihui yihui yihui

    About Russia

    Russia is a country with vast natural resources and population, and its economy is one of the largest in the world. Here are some data and information about the Russian economy:

    Gross Domestic Product (GDP): In 2021, Russia's GDP will be US$1.52 trillion, ranking thirteenth in the world. Its GDP mainly comes from the extraction and export of oil, natural gas and other natural resources, accounting for about 60% of its total GDP.

    Foreign trade: Russia is one of the largest oil exporters in the world, and its export volume accounts for about 11% of the global total export volume. In addition, Russia is one of the largest exporters of natural gas in the world, accounting for about 34% of the world's total exports. Russia's other major exports include metals, chemicals and agricultural products.

    Foreign exchange reserves: Russia's foreign exchange reserves rank fifth in the world. As of the end of 2021, its foreign exchange reserves totaled US$596.4 billion.

    Unemployment rate: In 2021, Russia's unemployment rate will be 5.2%, which is the lowest point in history in recent years. This is partly due to the country's measures to increase investment and labor force participation, but it may also be affected by the epidemic and create a false impression of a decline in the unemployment rate.

    Economic growth rate: In 2021, Russia's economic growth rate will be 4.5%, which is the highest growth rate since 2012. The country's government has implemented a series of economic policies, including increasing public spending and making investment more attractive, to boost economic growth.

    Poverty rate: The poverty rate in Russia has been a national concern, especially under the impact of the epidemic. In 2020, Russia's poverty rate is 12.4%, which means that more than 18 million people live below the poverty line. In order to solve this problem, the Russian government has implemented a series of poverty reduction measures, including increasing social assistance, reducing taxes and increasing social benefits.

    Generally speaking, the Russian economy has performed well in recent years, but its economic structure dependent on natural resources also makes it face many challenges, such as fluctuations in global crude oil prices and international political instability.

    Economic Calendar
    • Top