Russian Economy

Posted In: Russia, the Motherland
    • amarynth on: April 3, 2021 at 11:42 pm #5639

      We had a good writer at the on Russian economy.  I was glad to see that.

      Russian Federation had a total export of 451,494,828.17 in thousands of US$ and total imports of 240,225,755.86 in thousands of US$ leading to a positive trade balance of 211,269,072.31 in thousands of US$

      The Effectively Applied Tariff Weighted Average (customs duty) for Russian Federation is 3.51% and the Most Favored Nation (MFN) Weighted Average tariff is 4.38%.

      The trade growth is 10.54% compared to a world growth of 3.50%.

      GDP of Russian Federation is 1,657,554,647,100 in current US$. Russian Federation services export is 64,625,680,000 in BoP, current US$ and services import is 94,564,340,000 in Bop, current US$.Russian Federation exports of goods and services as percentage of GDP is 30.74% and imports of goods and services as percentage of GDP is 20.77%.

      The Russian economy – ‘small’, ‘impotent’, ‘insignificant’: true or false?


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