Russia Economy

the lagerest country in the world, about 17,000,000 square kilometres. 47.9% area are forreast 147 million people

Russia indepedent 1991, after Dissolution of the Soviet Union.  

now it's a fast developing country.

GDP rank:11th    PPP(Purchasing Power Parity):6th

 

contains over 30% of world's natural resources.  including oil, natural gas and precious metals

 

capable of designing and manufacture high-tech military equipment, sell and export arms

 

also, possess nuclear weapon. not fear any country.

 

Telecommunications industry: 80% of telephone popularity rate. Internet Network technology, and AI

 

  

Problem:

1.relies on energy exports, at 2012, oil-gas sector account for 16% of GDP

2.althouht Russia has the lagerest land. but Russia located at Northern Asia and much of Eastern Europe, very cold weather, lack of technology and investment to  make land useful.

3.capital flight: at the Soviet Union period, seven financial oligarch(6 of them are jewish) occupy 80% of Russia wealth, after indepent, about 20 billion disappear per year

4.Russia and west has a difficult relations. after 2014, West countries prevent Russia Economy development

as a fight back, 2018 US president selection, support Edward Snowden, CIA employee. a program, it can surveillance everyone.  no hide.

 

 

Hope:  Putin    

2018年  76.67% of people select him as Russia President

2000~2008  GDP average growth over 10%

reduce half of poor people

especially I like the second Chechen war

2000~ 2024   so, Russia got 6 years to boost economy