Russian Economy

Economic summary:
GDP/PPP (2007 est.): $2.076 trillion; per capita $14,600.
Real growth rate: 5.9%.
Inflation: 11.9%.
Unemployment: 5.9% (November 2007 est.).
Arable land: 7%. Agriculture: grain, sugar beets, sunflower seed, vegetables, fruits; beef, milk.
Labor force: 75.1 million; agriculture 4.6%, industry 39.1%, services 56.3% (2007 est.).
Industries: complete range of mining and extractive industries producing coal, oil, gas, chemicals, and metals; all forms of machine building from rolling mills to high-performance aircraft and space vehicles; defense industries including radar, missile production, and advanced electronic components, shipbuilding; road and rail transportation equipment; communications equipment; agricultural machinery, tractors, and construction equipment; electric power generating and transmitting equipment; medical and scientific instruments; consumer durables, textiles, foodstuffs, handicrafts.
Natural resources: wide natural resource base including major deposits of oil, natural gas, coal, and many strategic minerals, timber; note: formidable obstacles of climate, terrain, and distance hinder exploitation of natural resources.
Exports: $365 billion (2007 est.): petroleum and petroleum products, natural gas, wood and wood products, metals, chemicals, and a wide variety of civilian and military manufactures. Imports: $260.4 billion (2007 est.): machinery and equipment, consumer goods, medicines, meat, sugar, semifinished metal products. Major trading partners: Netherlands, Germany, Ukraine, Italy, China, U.S., Switzerland, Turkey, Japan, Kazakhstan, France (2004).