The Russian Federation
land mass is 6.6 million square miles. It is the largest country on the planet.
The next largest countries are Canada 3.8 msm, US 3.8 msm, China 3.7 msm,
Brazil 3.3 msm and Australia 2.9 msm.
In 2018
Russia’s Nominal GDP was $1.578 trillion. In 2018, Russia’s
Nominal Per Capita GDP was $11,327. The World Average Nominal Per Capita GDP
was $11,355.
In 2018,
Russian oil production was 11.16 million bpd, ranking #2 behind the US at 12
million bpd. Saudi Arabia ranked #3 with 11.13 million bpd.
Arable land in Russia
is currently 7.6%, but was 8.1% in 1992
55% of
Russia and Canada are permafrost.
Russia’s population is
144 million. Labor force is 77 million. Poverty is 14%.
Inflation is 2.5%. Unemployment is 4.5%.
GDP by sector is
agriculture 4.7%, industry 32.4%, services 62.3%. Labor force by occupation is
agriculture 9.4%, industry 27.6%, services 63%.
Main industries are
petroleum, natural gas, mining, coal, chemicals, metals, rolling mills, machine
building, aircraft, space vehicles, defense equipment, shipbuilding, tractors,
construction equipment, electrical equipment, medical instruments, scientific
instruments, durable goods, textiles, foodstuff, crafts, transportation,
communication, agricultural equipment. Ease of doing business 31st.
Exports $353 billion
in petroleum, petroleum products, natural gas, metals, wood and wood products,
chemicals military and manufacturing goods sold to EU 45.8%, China 9.8%,
Belarus 4.9%, Turkey 4.8%, South Korea 3.5% others 31.2%.
Imports $238 billion
in machinery, vehicles, pharmaceuticals, plastics, semi-finished metal
products, meat, fruits, nuts, optical and medical instruments, iron and steel from
EU 38.2%, China 20.9%, US 6.1%, Belarus 5.2%; Japan 3.7%, others 26%.
Government revenue
$258.6 billion, spending $281.4 billion. Debt to GDP 10.6%. External debt
$539.6 billion.
Comments
President Putin held a
“town hall” meeting and fielded questions from citizens in person and by skype.
It aired on CSPAN in the US. He did well. I think his focus on economic
development is correct. He took flack
for past problems, acknowledged them and I think answered them correctly. His
support of the open internet demonstrated his willingness to deal with
opposition propaganda to protect free speech and free access.
Putin inherited a post-cold
war Russia. He was appointed Prime Minister by President Boris Yeltsin in 1999
and has been re-elected to lead as PM and President for the past 19 years. His
task has been to convert Russia to a market economy. The EU is his largest
export partner with 45.8%.
This blogs has high
readership in Russia. I think Russia has potential and needs to expand its private
sector economy through individual effort and process improvement. I am
encouraged.
Norb Leahy, Dunwoody
GA Tea Party Leader
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