Russia


Russia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Russia; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankCentral Bank of Russia
International ReservesUS$ 545.012 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 1.894 trillion (2009 estimate)
GDP (Purchasing Power Parity)2.356 trillion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
10%5.1%4.7%7.3%7.2%6.4%8.2%8.5%
2008200920102011*
5.2%-7.8%4%4.8%

*Estimate

GDP per capita - current pricesUS$ 13,543 (2009 estimate)
GDP per capita - PPP$16,841 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
N/AN/A2.67%3%2.96%

**Forecast

GDP - composition by sector
  • agriculture: 4.7% 
  • industry: 34.8% 
  • services: 60.5% (2009 estimate)

    • (Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)1.04% (2008)

(Data released on November 2010)

Inflation
2008200920102011*
14.1%(2008)11.7%6.9%9.3%

*Estimate

Unemployment rate
2008200920102011*
6.4%8.4%7.5%(2009)7.3%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
8.5%7.9%11%9.9%8.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
6.8%4.3%-6.2%-4.8%-3.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB/Stable/A-3

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$1.503 trillionUS$397.183 billionUS$861.424 billion
Largest companies in RussiaGazprom (Oil & Gas Operations), Lukoil (Oil & Gas Operations), Rosneft (Oil & Gas Operations), TNK-BP Holding (Oil & Gas Operations), Sberbank (Regional Banks), Surgutneftegas (Oil & Gas Operations), Norilsk Nickel (Diversified Metals & Mining)
(2011)
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ 105.1 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP5.6% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

30.3% (2009)

(Data released on December 2010)

Shares in world total merchandising export2.63%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export1.19%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$376.7 billion f.o.b. (2010 estimate)
Export commoditiespetroleum and petroleum products, natural gas, wood and wood products, metals, chemicals, and a wide variety of civilian and military manufactures
Total importsUS$302 billion (2008 estimate)
Import commoditiesvehicles, machinery and equipment, plastics, medicines, iron and steel, consumer goods, meat, fruits and nuts, semifinished metal products
Exports - major partnersNetherlands 12.2%, Italy 7.8%, Germany 7.5%, Turkey 5.2%, Belarus 5%, Ukraine 4.7%, China 4.5% (2007)
Imports - major partnersGermany 13.3%, China 12.2%, Ukraine 6.7%, Japan 6.4%, US 4.8%, Belarus 4.4%, South Korea 4.4%, Italy 4.3% (2007)
FDI inflows
200820092010
US$75,002 millionUS$36,500 million(2009)US$41,194 million(2009)
FDI outflows
200820092010
US$55,594 millionUS$43,665 millionUS$51,697 million
Value of cross-border M&A, by country of purchaser
2008200920102011
US$16,634 millionUS$7,599 million(2009)US$9,082 million(2009)US$2,346 million
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Evraz Group SA, IPSCO Inc-Canadian Tubular Operations, Canada, $4.0 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

OAO “Vympel-Kommunikatsii” (Vimpelkom), ZAO “Kyivstar GSM”, Ukraine, $5.5 billion
(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 123 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 108 out of 183 countries(2009)

Registering property: 51 out of 183 countries

Paying Taxes: 105 out of 183 countries

Getting credit: 89 out of 183 countries

Protecting investors: 93 out of 183 countries

Trading across border: 162 out of 183 countries

Enforcing Contracts: 18 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		66

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 143 Score: 50.5 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+3
Total area 17,098,242 km2 (2006)
CapitalMoscow (2009)
CurrencyRussian rubles (RUB) (2009)
Government typefederation (2009)
LanguagesRussian, many minority languages
ReligionsRussian Orthodox 15-20%, Muslim 10-15%, other Christian 2% (2006 estimate)
Total population
1980199020002010*2015**
N/A147.7 million144.8 million140.37 million137.98 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
53.8%69.8%73.4%72.8%
Population median age37.0 years (2006)
Population growth rate-0.1% (2009)
Life expectancy65 years (2007)
Adult literacy100% (2000/2007)
% of population living on less than $2 a day<2% (2011)
Inequality of wealth distribution (Gini index)

42.3 (2008)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

197.71% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population43% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Moscow: 4th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

12.0843 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST FOREIGN EXCHANGE BANKS

2010:
  • COUNTRY WINNERS VTB (National, 2010)
2009:
  • COUNTRY WINNERS VTB (National, 2009)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2011:
  • COUNTRY WINNERS VTB Bank (National, 2011)
2010:
  • COUNTRY WINNERS VTB Bank (National, 2010)
2009:
  • COUNTRY WINNERS VTB Bank (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Alfa-Bank (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2010)
  • COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks ZAO Raiffeisenbank (National, 2009)
  • COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (2009)

WORLD'S BEST EMERGING MARKET BANKS

2011:
  • COUNTRY WINNERS Sberbank (National, 2011)
2010:
  • COUNTRY WINNERS MDM Bank (National, 2010)
2009:
  • COUNTRY WINNERS VTB (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:
  • COUNTRY WINNERS VTB Bank (National, 2011)
2010:
  • COUNTRY WINNERS VTB Bank (National, 2010)
2009:
  • COUNTRY WINNERS VTB Bank (National, 2009)

RUSSIA'S BEST BANKS AND COMPANIES

2009:
  • BANK CATEGORIES / Domestic Bank Bank VTB (National, 2009)
  • BANK CATEGORIES / Regional Bank UralSib (National, 2009)
  • BANK CATEGORIES / Domestic Investment Bank Troika Dialog (National, 2009)
  • BANK CATEGORIES / Commercial Bank Sberbank (National, 2009)
  • BANK CATEGORIES / Foreign Exchange Bank VTB (National, 2009)
  • BANK CATEGORIES / Domestic Trade Finance VTB (National, 2009)
  • BANK CATEGORIES / Asset Manager Troika Dialog (National, 2009)
  • BANK CATEGORIES / Fixed Income Sales & Distribution Zao Standard Bank (National, 2009)
  • BANK CATEGORIES / Equity Research Troika Dialog (National, 2009)
  • BANK CATEGORIES / Domestic Bond Reseach Troika Dialog (National, 2009)
  • BANK CATEGORIES / Eurobond Research Deutsche Bank (National, 2009)
  • COMPANY CATEGORIES / Beverages Baltika (National, 2009)
  • COMPANY CATEGORIES / Consumer Magnit (National, 2009)
  • COMPANY CATEGORIES / Gas NOVATEK (National, 2009)
  • COMPANY CATEGORIES / Media Rambler Media (National, 2009)
  • COMPANY CATEGORIES / Non-Ferrous Metals and Mining Polyus Gold (National, 2009)
  • COMPANY CATEGORIES / Oil Oil Rosneft (National, 2009)
  • COMPANY CATEGORIES / Steel TMK (National, 2009)
  • COMPANY CATEGORIES / Telecom MTS (National, 2009)
  • COMPANY CATEGORIES / Transport Novorossiysk Commercial Seaport (National, 2009)
  • COMPANY CATEGORIES / Utilities Mosenergo (National, 2009)
  • BANK CATEGORIES / Foreign Bank Citi (2009)
  • BANK CATEGORIES / Foreign Investment Bank Credit Suisse (2009)
  • BANK CATEGORIES / Consumer Bank Raiffeisen (2009)
  • BANK CATEGORIES / International Trade Finance Deutsche Bank (2009)
  • BANK CATEGORIES / Syndicated Loans J.P. Morgan (2009)
  • BANK CATEGORIES / Book Runner Primary Equities Morgan Stanley (2009)
  • BANK CATEGORIES / International M&A Arranger Morgan Stanley (2009)

WORLD'S BEST INVESTMENT BANKS

2011:
  • COUNTRY WINNERS VTB Capital (National, 2011)
2010:
  • COUNTRY WINNERS Troika Dialog (National, 2010)

CENTRAL BANKER REPORT CARD

2011:
2010:
2009:

WORLD'S BIGGEST BANKS

2011:
  • OVERALL BIGGEST Sberbank (Global, 2011)
  • OVERALL BIGGEST JSC VTB Bank (Global, 2011)
  • OVERALL BIGGEST Vnesheconombank (Global, 2011)
2010:
  • BIGGEST BANKS IN CENTRAL/EASTERN EUROPE Sberbank (Central and Eastern Europe, 2010)
  • BIGGEST BANKS IN CENTRAL/EASTERN EUROPE VTB Bank (Central and Eastern Europe, 2010)
  • BIGGEST BANKS IN CENTRAL/EASTERN EUROPE Gazprombank (Central and Eastern Europe, 2010)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Sberbank (Global, 2010)
  • OVERALL BIGGEST VTB Bank (Global, 2010)
  • OVERALL BIGGEST Gazprombank (Global, 2010)
  • OVERALL BIGGEST Russian Agricultural Bank (Global, 2010)
  • OVERALL BIGGEST Bank of Moscow (Global, 2010)
  • OVERALL BIGGEST Bank VTB 24 (closed joint-stock company) (Global, 2010)
  • OVERALL BIGGEST Alfa-Bank (Global, 2010)
  • OVERALL BIGGEST ZAO Raiffeisenbank (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011:
  • COUNTRY WINNERS VTB (National, 2011)
  • COUNTRY WINNERS VTB Capital (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE