Russia, one of the "BRIC" countries, is a formidable force in today's shifting global economy.  With petrodollars and a rapidly growing economy, Russia is being eyed by companies worldwide for its opportunities in terms of both consumers and business-to-business sectors.

Russia's Economic Structure

• GDP:  $1,289.6 billion
• GDP Growth: 8% in 2008 so far
• Unemployment: 5.9%
• Inflation: 12.5% (2007 CPI est.)
• Heavily dependent on Oil
• Fall in prices may spell trouble
• Domestic Investment:
• Increased at a rate of 21% in 2007
• Necessary for diversification and modernization of infrastructure
• Outflow of foreign direct investment increased by 55% in 2007

Russia's Demographics:

• Median Age
• Male: 35.1 years
• Female: 41.4 years
• Sex Ratio
• under 15 years: 1.05 male(s)/female
• 15-64 years: 0.93 male(s)/female
• 65 years and over: 0.45 male(s)/female
• Income per Capita: $14,600
• Highest number of legal abortions in the world
• 1.8 million in 2004, down from 4 million in 1992
• 53.7 abortions for every 1,000 women
• Income Inequality
• Very high inequality in distribution of wealth
• Gini Coefficient = 0.41, highest of all Eastern European countries

Russia By Sector:

• State control in key sectors
• Oil, Titanium (Russia produces 66% world’s titanium)
• Heavy Industry concentrated in European Russia
• Agriculture concentrated in warmer-climate South
• Oil-fueled future growth is major concern
• Official statistics hide growth because transfer prices allow profits to occur in non-energy sectors

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