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The Russian Economy & Global Market

A look at the statistics and adverse reaches of the Russian economy and global trade (as of 31 December 2010). Also contains a basic plan for Economic Growth, as well as a few looks at Russia's society.
by

Jacob McCrary

on 10 March 2011

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Transcript of The Russian Economy & Global Market

Российская Федерация The Russian Federation Geographic Coordinates: 60.00 N, 100.00 E
Total Area: 17,098,242 sq. km. (Land: 16,377,742 sq. km.; Water: 720,500)
1.8x the size of the U.S.
Rich in Industrial resources, but VERY poor in Agricultural resources. Major Historical Figures: Boris & Gleb St. Sergius Ivan (IV) Vasiiyevich Grozny Nicholas II Vladimir Ilyich Lenin Joseph Stalin Peter (I) the Great Mikhail Gorbachev Boris Yeltsin Vladimir Vladimirovich Putin Dmitry Anatolyevich Medvedev Population: Total Population: 139,390,205
Median Age: 35.3 yrs.
Population Growth Rate: -.465%
Birth Rate: 11.1/1,000
Death Rate: 16.04/1,000 Population of Major Cities:
Moscow (Capital): 10.523 Million
St. Petersburg: 4.575 Million
Novosibirsk: 1.397 Million
Yekaterinburg: 1.344 Million
Nizhniy-Novgorod: 1.267 Million 73% of Population is Urban
Annual Rate of Urbanization: -.5% Major Religions:
Russian Orthodox: 15-20%
Islam: 10-15%
Other Christianity: 2% Ethnic Groups:
Russian: 79.8%
Tatar: 3.8%
Bashkir: 1.2%
Chuvash: 1.1% Macro-Economics:
GDP (PPP): $2.229 Trillion
GDP (Per Capita): $15,900
Unemployment: 7.6%
Gini Ratio: 42.2
Investments: 18.9% of GDP
Public Debt: 9.5% of GDP
Inflation Rate: 6.7% $1 = 30 RUB Exports:
Total Exports: $376.7 Billion
Exported Commodities: Petroleum & assosciated products, natural gas, metals, wood & wood products, chemicals & a wide variety of civilian and military manufactures. Major Industrial Productions:
Oil: (bbl/day)
Production: 10.12 Million
Consumption: 2.74 Million
Exports: 5.43 Million
Imports: 42,000
Proved Reserves: 74.2 Billion bbl
Reserves could sustain current Russian oil consumption for 74.193 yrs.
-Bummer: Russians still pay just over $3 on average for gasoline. Electricity: (kWh)
Production: 925.6 Billion
Consumption: 857.6 Billion
Exports: 17.7 Billion
Imports: 3.006 Billion Natural Gas: Cubic Meters
Production: 583.6 Billion
Consumption: 439.1 Billion
Exports: 179.1 Billion
Imports: 35.1 Billion
Proved Reserves: 47.57 Trillion
Reserves can sustain current consumption for 0.297 yrs. Major Export Partners:
Netherlands: 10.62%
Italy: 6.46%
Germany: 6.24%
China: 5.69%
Turkey: 4.3%
Ukraine: 4.01% Imports:
Total Imports: $237.3 Billion
Imported Commodities: Machinery, Vehicles, Pharmaceutical products, plastic, semi-finished metal products, meat, fruits & nuts, optical/medical instruments. Major Import Partners:
Germany: 14.39%
China: 13.98%
Ukraine: 5.48%
Italy: 4.84%
United States: 4.46% The Russian Federation is only a observer in the European Union, but it still maintains excellent relations with Kazakhstan and Ukraine, the other two largest pieces of the Soviet Bloc in existence. They have a free trade agreement between themselves and the surrounding nations that formerly constituted the Soviet Bloc. International Relations with China have been sore, yet never openly hostile, since the Middle Ages when Muscovite Russians attempted to settle and dominate Chinese lands (Unknowingly, of course) Russo-Japanese relations, though, have been openly hostile, though never worse than in 1939, when the Russian Navy had their own version Trafalgar when facing the then-Modernized fleet of Japan with pre- and barely post- WWI era ships. The Russian Federation, as with any other country, has problems with drugs, most notably opium, illegal trafficking of humans, internal corruption, and organized crime Cost of Living:
No Local Housing Tax
Utilities Cost 1,000 RUB/$40 per month
Cable & Internet approx. 1,300/$52 per month
Txting is a cheap addition to phones
Western Restaurants cost about the same, but local cuisine is cheap, hearty, and plentiful
Minimum Wage= 10,900 RUB month ($464) Health Care:
Approx. 3% of GDP
Life Expectancy: 60.4 (M) & 74.1 (F)
De-Centralized Health Care System:
1/3 of population receive primary care through work-related programs.
Special services employment groups like police, firefighters, and high-end government officials.
Approved a $3.2 Billion spending plan for increasing medical workers wages, purchasing new equipment, etc. The Bad News About Health Care:
Pharmaceuticals are very costly
Rates of TB, Cancer, and Heart disease are the highest of any industrialized country.
In between 1996 and 2005, Russia experienced an extreme increase in the number of HIV/AIDS cases; the Result: 350,000 registered cases at the end of 2005.
On a High Note: Russia has pioneered in specialized fields like Laser Eye & Heart surgery. Tax System: All residents pay a 13% Income tax Corporate Profit Tax:
-Federal = 2%
-Regional = 18% Tax on Capital Gains:
-Individual: 13%
-Corporate: Same as income tax UST (United Social Tax):
Was 26% for Employers until 2011
This year it rises to 36% Tariffs:
Imports:
VAT (Value Added Tax)- 18%
Excise Taxes: 20-200%
Exports:
5.3% increase in Oil export duty ($365/tonne)
Crude Oil export duty remains $346.6/tonne
Oil prices differ from region to region, which causes a slight discrepancy in the duties.
Wood export duties constitute 10 Euros/ Cubic Metre, but will increase to 15 Euros in April. Welfare/Social Security:
Partially under same system as the Soviet Union , though major reforms are taking place.
Provides public transportaion, "free" medications, subsidized electricity, etc. to Russia's Needy & it's "Not So Needy"
Retirement Age: 55 (F) & 60 (M)
Only Need five contribution yrs. to be eligible (vs. 20 to 25 previously)
Now broken into basic benefits and two other benefit packages available for qualified residents. Citations:
"Peter the Great." NNDB: Tracking the Entire World. Web. 09 Mar. 2011. <http://www.nndb.com/people/599/000078365/>. Druzhinin, Alexei. "Russians Pay Too Much for Gasoline - Putin | Russia." RIA Novosti. Aug.-Sept. 2010. Web. 09 Mar. 2011. <http://en.rian.ru/russia/20100829/160384618.html>. http://www.thefullwiki.org/Boris_and_Gleb "Ivan IV Vasilyevich Biography - S9.com." Biographical Dictionary - S9.com. Web. 09 Mar. 2011. <http://www.s9.com/Biography/Ivan-IV-Vasilyevich>. http://eurorus4en.wordpress.com/2008/05/21/emperor-nicholas-ii/ http://www.transparencyinsport.org/snipers_guide%28page1%29.html "Mikhail Gorbachev." NNDB: Tracking the Entire World. Web. 09 Mar. 2011. <http://www.nndb.com/people/416/000023347/>. "Healthcare in Russia." International Health Insurance | International Medical Insurance | International Healthcare | Allianz Worldwide Care. Web. 09 Mar. 2011. <http://www.allianzworldwidecare.com/healthcare-in-russia>. "Import Tariffs in Russia - Trade Policy, Regulations in Russia - GlobalTrade.net." Marketplace - International Trade Services - GlobalTrade.net. Web. 09 Mar. 2011. <http://www.globaltrade.net/international-trade-import-exports/f/business/text/Russia/Trade-Policy-Import-Tariffs-in-Russia.html>. "Social Welfare System in Transition: The Reform of the Pension System." Oboulo.com: Documents, Term Papers, Presentations, Research Papers, Project Reports, Articles, Theses, Book Reviews. Web. 09 Mar. 2011. <http://en.oboulo.com/social-welfare-system-in-transition-the-reform-of-the-pension-62280.html>. And of Course: "CIA - The World Factbook." Welcome to the CIA Web Site — Central Intelligence Agency. Web. 09 Mar. 2011. <https://www.cia.gov/library/publications/the-world-factbook/geos/rs.html>. Economic Plan:
Sell extra oil to America
Streamline the Welfare System
Research Hydroponic Agriculture
Export Industrial goods to America in exchange for Agricultural Goods at reasonable prices
Increase incentives to highly-specialized careers in order to stop emigration of well-educated citizens
Create Government Project on Yamal Peninsula
Siberia is rich in natural resources- Look for "Gold in 'dem 'der hills! (with a gov't controlled program, of course)
Lower the duty on exported wood... already about to lose Finland...
Repair relations with Japan: They have computers and a highly motivated an skilled society.
Reasearch Alternative Fuel Sources (Back-up)
Join World Trade Organization
Stop using Checnya & Georgia for target practice
Be the founding member for an Asian Trade Organization
Health Care: Make it into a more capitalistic venture that would give a profit incentive, but keep a tight leash on corruption Economic Plan Con'td:
Increase amount of GDP spent upon Education
Offer Scholarships with high qualification standards
Make A Finland-esque educational system
Win the Olympics... it's just good publicity
Increase the Tax on Alcohol
Upgrade Road network across Siberia
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