Country Report Russia

The recovery remains fragile and deep structural problems persist

• GDP growth will exceed 4% in 2011 and 2012, but slip in the medium-term without structural reforms

• The rebound remains fragile, as a slowing in the global recovery would curb demand for Russian commodities

• Inflation is expected to remain high in 2011 (above 9%)

• The permanence and amount of capital outflows are the result of Russia's structural weaknesses and unstable investment climate

• Russia's external position is in good shape, with solid liquidity and solvency ratios

Real GDP growth (%)

Source: EIU / IMF

Fiscal balance (% of GDP)

 Source: EIU / IMF

   Download full country report on Russia

Download full country report on Russia

 
General Information

Capital: Moscow
Government type: Federation / “Managed Democracy”
Currency: Russian rouble (RUR)
Population: 142.9 million
Status: Upper middle income country
(GDP/capita: US$11,838 in 2011)
 
Main import markets (2010)

• China: 17.0%
• Germany: 11.7%
• Ukraine: 6.1%
• USA: 4.9%
• Japan: 4.5%

Main export markets (2010)

• The Netherlands: 13.6%
• Italy: 6.9%
• Germany: 6.3%
• Ukraine: 5.8%
• Turkey: 5.1%

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Date: September 2011