Carry out a research of RUSSIA\'s economy. minimum areas to discuss includes: th
ID: 1204825 • Letter: C
Question
Carry out a research of RUSSIA's economy. minimum areas to discuss includes: the GDP, GDP by Sector, GDP per capita, employment by sector, major industries, unemployment, labor force by age, education, literacy rates, life expectancy, natural resources, technology, inflation, average income, sources of income, % below the poverty line, governmental structure and money system, trade, foreign direct investment, national debt, exchange rates, infrastructure, technology, war, genocide, disease, geography and climate, trends and their outlook for the future.
Explanation / Answer
Russian economy is a state owned economy working specially in the area of agriculture energy and defence related sector with GDP per ccapita as $8058 nominal and $23875 as ppp.Its total population stands to be about 13.4% as per 2015 stats , unemployment is about 6% (march 2016).Inflation strikes to about 12.9% , main industries are oil ,chemicals ,defense ,textiles ,shipbuilding ,consumer durables etc . There is approx 13.4% population below poverty line .The country has about $306.98 bllion FDI inflows with major exporting goods are petroleum and petroleum products.The currency is called russian ruble ,with about $386 billion of foreign reserves. The market economy is more privatised with a rise in commodity prices the economy is following a continous growth path .The financial market has suffered russian crises in 2014 due to high inflation and international fluctuation with rapid devaluation inflation is currently high.