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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 (%)
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General Information
Capital - Moscow
Government type - Federation/"Managed democracy"
Currency - Russian rouble (RUR)
Population - 142.9 million
Status - Upper middle income: strongly risen GDP/capita
(GDP/capita: US-$ 11,838 in 2011)
Main import sources (2010)
- China - 17.0%
- Germany - 11.7%
- Ukraine - 6.1%
- USA - 4.9%
- Japan - 4.5%
Main export markets (2010)
- Netherlands - 13.6%
- Italy - 6.9%
- Germany - 6.3%
- Ukraine - 5.8%
- Turkey - 5.1%
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Date September 2011
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