Russias Economics

Domenic and chris

Russias economy today

Russias economic freedom score is 51.9, making its

economy the 140th freest in the 2014 Index. Its score is
0.8 point higher this year, with improvements in four of
the 10 economic freedoms, including control of
government spending, counterbalanced by declines in
trade freedom, freedom from corruption, and fiscal
freedom. Russia is ranked 41st out of 43 countries in the
Europe region, and its overall score is below the world
average.

Unemployment rate

5.8% (2013 est.)

5.5% (2012 est.)

Unemployment, youth ages 15-24

total: 14.8%

male: 14.5%

female: 15.1% (2012)

Global Energy Landscape

Russias economy relies heavily on its energy for economic growth,
extremely tight correlation between oil prices and the countrys GDP
In the next few years, Russia will face at least three challenges. The first
will be increased supplies of oil from sources ranging from the United
States to Iraq. The second challenge for Russia will be turning the threat of
unconventional gas resources into an opportunity. The third shift Russia will
need to master is in response to a changing demand landscape where,
according to all major projections, non-OECD economies will account for
the largest share of future fossil fuel demand.

Imports/Exports
Imports

$341 billion (2013 est.)

$335.7 billion (2012 est.)

Imports - machinery, vehicles, pharmaceutical products, plastic, semi-finished

metal products, meat, fruits and nuts, optical and medical instruments, iron, steel

Exports

$515 billion (2013 est.)

$528 billion (2012 est.)

Exports- petroleum and petroleum products, natural gas, metals, wood and wood
products, chemicals, and a wide variety of civilian and military manufactures

GDP(PPP):
$2.5

trillion

3.4%

growth

1.8%

5-year compound annual growth

$17,709

per capita

Bibliography

http://www.heritage.org/index/country/russia

http://www.indexmundi.com/russia/economy_profile.html