Russia today – facts and figures

Russia has experienced an uninterrupted growth for the last 90 months, average year-to-year 6,5%. It reached a gross budget surplus of 3-5% every year for the last five years. Russia has the lowest income tax on the Eurasian land mass at 13%. It is the world ranking Nr. 1 in production of gas and nickel, Nr. 2 in oil, aluminum and platinum and Nr. 3 in steel and cereals.

Over the next years, Russia will most likely face a stable economic growth (5-7% yearly), based on an increase in domestic demand and productivity, as well as on high prices for oil and gas. At present, the oil industries as well as other export-oriented branches are the drive force for Russian economy. The latest trends in economy show, however, that the highest growth rates are seen among the branches with higher added value. The industrial and consumer sectors will profit strongly from these positive developments and directly boost the industrial production and the growth of household expenditures.