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 bank Central Bank of Russia
International Reserves US$ 497.41 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 2.022 trillion (2011 estimate)
GDP (Purchasing Power Parity) 2.511 trillion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
5.1% 4.7% 7.3% 7.2% 6.4% 8.2% 8.5% 5.2%
2009 2010 2011 2012*
-7.8% 4.3% 4.3% 4%

*Estimate

GDP per capita - current prices US$ 14,246 (2011 estimate)
GDP per capita - PPP $17,691 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A N/A 2.67% 3% 3.01%

**Forecast

GDP - composition by sector
  • agriculture: 4.2% 
  • industry: 37% 
  • services: 58.9% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
11.7%(2008) 6.9% 8.4% 4.8%

*Estimate

Unemployment rate
2009 2010 2011 2012*
8.4% 7.5% 6.5%(2009) 6%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
7.9% 11% 11.7% 9.6% 8.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
4.9% -6.3% -3.5% 1.6% 0.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB

Moody's rating: Baa1

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$861.4 billion US$1.005 trillion US$796.4 billion
Largest companies in Russia UC Rusal (Aluminum), Norilsk Nickel (Diversified Metals & Mining), Polyus Gold (Diversified Metals & Mining), IDGC Holding (Electric Utilities), RusHydro (Electric Utilities), Federal Grid (Electric Utilities), Inter Rao (Electric Utilities), Magnit (Food Retail), Novolipetsk Steel (Iron & Steel), Severstal (Iron & Steel), Mechel (Iron & Steel), Magnitogorsk Iron & Steel (Iron & Steel), X5 Retail Group (Iron & Steel), TMK (Iron & Steel), Gazprom (Oil & Gas Operations), Lukoil (Oil & Gas Operations), Rosneft (Oil & Gas Operations), TNK-BP Holding (Oil & Gas Operations), Surgutneftegas (Oil & Gas Operations), Tatneft (Oil & Gas Operations), Novatek (Oil & Gas Operations), Transneft (Oil Services & Equipment), Sberbank (Regional Banks), VTB Bank (Regional Banks), Bank of Moscow (Regional Banks), Uralkali (Specialized Chemicals), Sistema JSFC (Telecommunications Services), Rostelecom (Telecommunications services) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 96.4 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP 4.8% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

30% (2010)

(Data released on April 2012)

Shares in world total merchandising export 2.86%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 1.28% (2011)(2007)

(Data were released in 2012)

Total exports US$530.7 billion (2012 estimate) 
Export commodities petroleum and petroleum products, natural gas, metals, wood and wood products, chemicals, and a wide variety of civilian and military manufactures
Total imports US$335.4 billion (2012 estimate) 
Import commodities machinery, vehicles, pharmaceutical products, plastic, semi-finished metal products, meat, fruits and nuts, optical and medical instruments, iron, steel
Exports - major partners Netherlands 12.3%, China 6.5%, Italy 5.6%, Germany 4.6%, Poland 4.3% (2011)
Imports - major partners China 15.6%, Germany 10%, Ukraine 6.6%, Italy 4.3% (2011)
FDI inflows
2009 2010 2011
US$36,500 million US$43,288 million(2009) US$52,878 million(2009)
FDI outflows
2009 2010 2011
US$43,665 million US$52,523 million US$67,283 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$16,634 million US$7,599 million(2009) US$3,866 million(2009) US$5,084 million
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

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

Cross-border M&A deals worth over $3 billion completed in 2011

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

Polyus Zoloto, Polyus Zoloto, Russian Federation, $6.3 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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 112 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 101 out of 185 countries(2009)

Enforcing Contracts: 11 out of 185 countries

Registering Property: 46 out of 185 countries

Getting credit: 104 out of 185 countries

Protecting investors: 117 out of 185 countries

Trading across border: 162 out of 185 countries

Paying Taxes: 64 out of 185 countries

Dealing with Construction Permits: 178 out of 185 countries

Getting Electricity: 184 out of 185 countries

Resolving Insolvency: 53 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
67

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 144 Score: 50.5 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+3
Total area 17,098,242 km2 (2006)
Capital Moscow (2009)
Currency Russian rubles (RUB) (2009)
Government type federation (2009)
Languages Russian, many minority languages
Religions Russian Orthodox 15-20%, Muslim 10-15%, other Christian 2% (2006 estimate)
Total population
1980 1990 2000 2012* 2017**
N/A 147.7 million 144.8 million 141.92 million 139.42 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
53.8% 69.8% 73.4% 73.8%
Population median age 38 years (2010)
Population growth rate 0% (2011)
Life expectancy 69 years (2010)
Adult literacy 100% (2005/2010)
% of population living on less than $2 a day <2% (2011)
Inequality of wealth distribution (Gini index)

40.11 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2011)

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

Total telephone subscribers as % of population

210.24% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 49% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer 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)

11.0048 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S SAFEST EMERGING MARKETS BANKS

2012:
  • REGIONAL WINNERS Vnesheconombank (Global, 2012)
  • REGIONAL WINNERS Sberbank (Global, 2012)
  • REGIONAL WINNERS VTB Bank (Global, 2012)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS UniCredit Bank (National, 2013)
2012:
  • COUNTRY WINNERS VTB Capital (National, 2012)
2011:
  • COUNTRY WINNERS VTB Bank (Global, 2011)
2010:
  • COUNTRY WINNERS VTB Bank (Sergei Ignatiev, 2010)
2009:
  • COUNTRY WINNERS VTB Bank (National, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks TCS Bank (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Alfa-Bank (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (Middle East and Africa, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Middle East and Africa, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks ZAO Raiffeisenbank (Global, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Middle East, 2009)

WORLD'S SAFEST BANKS

2013:
  • REGIONAL WINNERS VTB Group (Central & Eastern Europe, 2013)
  • REGIONAL WINNERS Vnesheconombank (Central & Eastern Europe, 2013)
2012:
  • REGIONAL WINNERS Vnesheconombank (Middle East/Africa, 2012)
  • REGIONAL WINNERS Sberbank (Middle East/Africa, 2012)
  • REGIONAL WINNERS Bank VTB (Muhammad Al-Jasser, 2012)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS UniCredit Bank (National, 2012)
2011:
  • COUNTRY WINNERS Sberbank (National, 2011)
2010:
  • COUNTRY WINNERS MDM Bank (National, 2010)
2009:
  • COUNTRY WINNERS VTB (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS ING Bank (National, 2012)
2011:
  • COUNTRY WINNERS VTB Bank (Middle East, 2011)
2010:
  • COUNTRY WINNERS VTB Bank (National, 2010)
2009:
  • COUNTRY WINNERS VTB Bank (Middle East, 2009)

RUSSIA'S BEST BANKS AND COMPANIES

2009:
  • BANK CATEGORIES / Domestic Bank Bank VTB (Global, 2009)
  • BANK CATEGORIES / Regional Bank UralSib (Global, 2009)
  • BANK CATEGORIES / Domestic Investment Bank Troika Dialog (Global, 2009)
  • BANK CATEGORIES / Commercial Bank Sberbank (Middle East, 2009)
  • BANK CATEGORIES / Foreign Exchange Bank VTB (Middle East, 2009)
  • BANK CATEGORIES / Domestic Trade Finance VTB (Middle East, 2009)
  • BANK CATEGORIES / Asset Manager Troika Dialog (Middle East, 2009)
  • BANK CATEGORIES / Fixed Income Sales & Distribution Zao Standard Bank (Middle East, 2009)
  • BANK CATEGORIES / Equity Research Troika Dialog (Middle East, 2009)
  • BANK CATEGORIES / Domestic Bond Reseach Troika Dialog (Middle East/Africa, 2009)
  • BANK CATEGORIES / Eurobond Research Deutsche Bank (Middle East/Africa, 2009)
  • COMPANY CATEGORIES / Beverages Baltika (Middle East/Africa, 2009)
  • COMPANY CATEGORIES / Consumer Magnit (Middle East/Africa, 2009)
  • COMPANY CATEGORIES / Gas NOVATEK (Middle East/Africa, 2009)
  • COMPANY CATEGORIES / Media Rambler Media (Muhammad Al-Jasser, 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 (Middle East, 2009)
  • BANK CATEGORIES / Foreign Investment Bank Credit Suisse (Middle East, 2009)
  • BANK CATEGORIES / Consumer Bank Raiffeisen (Middle East, 2009)
  • BANK CATEGORIES / International Trade Finance Deutsche Bank (Middle East, 2009)
  • BANK CATEGORIES / Syndicated Loans J.P. Morgan (National, 2009)
  • BANK CATEGORIES / Book Runner Primary Equities Morgan Stanley (Muhammad Al-Jasser, 2009)
  • BANK CATEGORIES / International M&A Arranger Morgan Stanley (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • DEALS OF THE YEAR / Best M&A Deal Rosneftegaz ($54.5 billion) (Global, 2013)
  • DEALS OF THE YEAR / Advising Acquirer VTB Capital (Global, 2013)
  • REGIONAL WINNERS/Best Investment Bank VTB Capital (Central & Eastern Europe, 2013)
  • REGIONAL WINNERS/Best Debt Bank Gazprombank (Central & Eastern Europe, 2013)
  • COUNTRY WINNERS VTB Capital (National, 2013)
2012:
  • COUNTRY WINNERS VTB Capital (National, 2012)
2011:
  • COUNTRY WINNERS VTB Capital (Middle East, 2011)
2010:
  • COUNTRY WINNERS Troika Dialog (National, 2010)

CENTRAL BANKER REPORT CARD

2012:
2011:
  • Grade: B (Middle East and Africa, 2011)
2010:
2009:

WORLD'S BIGGEST BANKS

2011:
  • OVERALL BIGGEST Sberbank (Middle East, 2011)
  • OVERALL BIGGEST JSC VTB Bank (Middle East, 2011)
  • OVERALL BIGGEST Vnesheconombank (Middle East/Africa, 2011)
2010:
  • BIGGEST BANKS IN CENTRAL/EASTERN EUROPE Sberbank (National, 2010)
  • BIGGEST BANKS IN CENTRAL/EASTERN EUROPE VTB Bank (National, 2010)
  • BIGGEST BANKS IN CENTRAL/EASTERN EUROPE Gazprombank (2010)

TOP 200 EMERGING MARKETS BANKS

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

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS VTB Capital (Global, 2013)
2012:
  • COUNTRY WINNERS VTB Capital (National, 2012)
2011:
  • COUNTRY WINNERS VTB (National, 2011)
  • COUNTRY WINNERS VTB Capital (National, 2011)
2010:
  • COUNTRY WINNERS VTB (National, 2010)
2009:
  • COUNTRY WINNERS VTB (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE