Russia - Macroeconomic Outlook Report

Russia - Macroeconomic Outlook Report

Summary

Metropolitan areas of Moscow and Saint Petersburg account for nearly 19.7% of Russia’s population and 40.1% of its GDP in 2023, according to GlobalData’s cities database.

In November 2023, the government announced to invest RUB1.3 trillion ($15.4 billion) to foster development in Russia railways infrastructure in 2024.

The IMOEX index has been on an upward trend. As of March 5, 2024, the index stood at 3,266.7, compared to 2,272.2 on March 05, 2023.

Scope

Mining, manufacturing and utilities activities contributed 31.0% to the gross value added (GVA) in 2023, followed by financial intermediation, real estate and business activities (22.2%), wholesale, retail and hotels (13.2%). In nominal terms, the three sectors are expected to grow by 4.6%, 4.6% and 4.4%, respectively, in 2024.

Reasons to Buy

Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.

PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations

Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.

This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.