Macroeconomic data 2007
Economic growth: 8.1%
GDP: 914.2 bn. EUR
GDP per head: 6,415 EUR
Inflation: 11.9%
Unemployment rate: 6.1%
Rating (Inst. Investors C.R.): 67.5
Foreign debt: 27.8 EUR (9/2007)
Currency: Rubel (RUB)
Monetary reserves incl. gold: 348.2 bn. EUR
Exchange rate to the EUR: 36.12 (Jan. 2008)
Russia: Economic Figures
2007 was the ninth continual good year for the Russian economy. This puts the goal of President Putin to achieve duplication of the GDP by 2010 compared to 2004 within reach.
The Russian economy is growing on many levels. The growth rate through consumer spending is especially strong. The building industry contributes massively to the growth with over 20%, while the producing economy achieved improved results compared to the previous year, but still did not reach the desired value.
Important economic sectors are the oil and gas industry, the heavy industry, as well as the basic material industry.
