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<center>[[Russian Economy|Home]] | [[Overview]] | [[Resources]] | [[Macroeconomic Players]] | [[The Ruble Crisis of 1998]] | [[Economic Performance]] </center> | <center>[[Russian Economy|Home]] | [[Overview]] | [[Resources]] | [[Macroeconomic Players]] | [[The Ruble Crisis of 1998]] | [[Economic Performance]] </center> | ||
==Oil== | ==Oil== | ||
<p align=right> | <p align=right>From 2005 to 2006, the Russian Economy was on the up and up. Due to a decrease in output in the early months of 2006, there was room for the economy to expand in the latter parts of the year. GDP growth in Russia had an estimated growth of 6.6% compared to 6.4% in 2005. This particularly has to do with the growth in production of non-tradable goods. The brunt of the growth in GDP came from trade and construction which totals fifty percent of its growth30. Growth in main industry sectors has also risen which indicates more output, thus effecting GDP. | ||
Russia has been trying to increase capital investment, which they are doing successfully. The growth in this part of the economy increased from 9.6% in 2005 to 12.6% in 200631. The increase in direct foreign investment has helped to raise numbers in capital investment. This comes from a bullish energy market and a strong ruble which is making private investors attracted to the Russian economy. Overall the Economic outlook on Russia is becoming increasingly strong, which will lead to growth in GDP for the years to come. See chart 3 for figure summarizations of the current economic situation. | |||
[[Image:Wenergy29.jpg]]</p> | |||
Revision as of 04:40, 5 December 2007
Oil
From 2005 to 2006, the Russian Economy was on the up and up. Due to a decrease in output in the early months of 2006, there was room for the economy to expand in the latter parts of the year. GDP growth in Russia had an estimated growth of 6.6% compared to 6.4% in 2005. This particularly has to do with the growth in production of non-tradable goods. The brunt of the growth in GDP came from trade and construction which totals fifty percent of its growth30. Growth in main industry sectors has also risen which indicates more output, thus effecting GDP.
Russia has been trying to increase capital investment, which they are doing successfully. The growth in this part of the economy increased from 9.6% in 2005 to 12.6% in 200631. The increase in direct foreign investment has helped to raise numbers in capital investment. This comes from a bullish energy market and a strong ruble which is making private investors attracted to the Russian economy. Overall the Economic outlook on Russia is becoming increasingly strong, which will lead to growth in GDP for the years to come. See chart 3 for figure summarizations of the current economic situation.
