21.2.2

Russia's Economy

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Russia's Economy

Russia is rich in natural resources and imports a few key products.

Illustrative background for Natural resourcesIllustrative background for Natural resources ?? "content

Natural resources

  • Russia is one of the most naturally rich countries in terms of resources with large supplies of oil, copper, diamonds, natural gas, petroleum, timber, gold, silver lead and bauxite.
  • In 2017, Russia’s GDP was $1.3 billion and GDP per capita was $10,985.
Illustrative background for ExportsIllustrative background for Exports ?? "content

Exports

  • Russia’s key export products are crude oil, petroleum and natural gas, accounting for 58% of the total exports.
  • Key trading partners are Europe and Asia with 60% and 30% respectively accounting for the total exports.
  • The combination of these key export products and others contributed 25 billion towards the economy in 2015.
  • Russia is currently the 7th largest producer of gold with most of its annual estimated 250 tonnes extracted from Siberia.
Illustrative background for ImportsIllustrative background for Imports ?? "content

Imports

  • Russia’s key import products are food, pharmaceuticals and textiles.

Jump to other topics

1Geography Skills

2Geology of the UK

3Geography of the World

4Development

5Weather & Climate

6The World of Work

7Natural Resources

8Rivers

9Coasts

10Glaciers

11Tectonics

12Climate Change

13Global Population & Inequality

14Urbanisation

15Ecosystems

16Life in an Emerging Country

17Analysis of Africa

18Analysis of India

19Analysis of the Middle East

20Analysis of Bangladesh

21Analysis of Russia

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