Search results
Results from the WOW.Com Content Network
The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political fears after the war with Georgia and by the plummeting price of Urals heavy crude oil, which lost more than 70% of its value since its record peak of US$147 on 4 July 2008 before rebounding moderately in 2009.
By 2016, the Russian economy rebounded with 0.3% GDP growth and officially exited recession. The growth continued in 2017, with an increase of 1.5%. [145] [146] In January 2016, Bloomberg rated Russia's economy as the 12th most innovative in the world, [147] up from 14th in January 2015 [148] and 18th in January 2014. [149]
English: The GDP of Russia since 1989. Figures in international dollars adjusted for both purchasing power and inflation at 2013 prices. Figures of 2014 - 2016 based ...
This article is a list of Russian federal subjects by Gross regional domestic product (GRDP). Top 10 Russian federal subjects by largest GDP Russian GDP divided into 2 equal parts. 50% of Russian economy is concentrated in only 10% of Russian area or only 2 federal districts (which together contain nearly half of Russia's population).
North Caucasus economic region accounted for almost 6 per cent of the national GRP in 2008. This region includes the most troubled part of the Russian Federation, the Chechen Republic, and other republics where ethnic tensions are high. Economic capacities are far lower than the average for the country as a whole.
While the government has poured an estimated 2.75 to 3 trillion rubles (equivalent to 1.4-1.6% of Russia's expected GDP in 2024) into payments for soldiers, the wounded, and families of the ...
In June 2008, a group of Finnish economists wrote that the 2000s had so far been an economic boon for Russia, with GDP rising about 7% a year and by the beginning of 2008 Russia had become one of the ten largest economies in the world.
After the dissolution of the Soviet Union in 1991 and the end of its centrally-planned economy, the Russian Federation succeeded it under president Boris Yeltsin.The Russian government used policies of shock therapy to liberalize the economy as part of the transition to a market economy, causing a sustained economic recession.