Economy Of Russia

The stage of business cycle in Russia is prosperity. Prosperity is the highest point of the business cycle. Gross domestic product is US $ 79.6 billion. Russia is a German partner in importing and exporting. The import volume is $ 33 billion and the export volume is $ 66 billion. The national budget is $ 56.6 billion. They have a radio every nine people. They also call each 9 people again. Russian education is free from 7 to 17 years old.

Russia is currently in a state of economic turmoil. From a centrally planned economy to a modern market economy, it encountered many problems. However, Russia has made progress under the guidance of President Boris Yeltsin, and in 1996 inflation fell from 131% to 22%. These advances are partly attributable to the fact that 80% of the industry is now privatized, which accounts for 80% of all goods produced in Russia by the private sector of the country in which they dominate It means to be produced. As of May 16, 1999, one dollar will be converted to 24.7367 Russian ruble. Currently, the funds distributed in Russia are over US $ 30 billion, but like other foreign countries, the Russians possess US dollars, and if the exchange rate is correct it will be a great benefit I can do it.

Since the collapse of the Soviet Union, Russia made a major change as a country. The economy has shifted from an isolated central planned economy globally to a more globally integrated market economy. Since then, the Russian economy experienced volatility, the purchasing power parity (PPP) became the largest estimated eight economies in 2009 (CIA, 2010). The Russian economy relies heavily on raw materials and exports of natural resources, especially petroleum and natural gas. Other resources include precious minerals, fisheries and agriculture

After the collapse of the Soviet Union, Russia shifted from an isolated central planned economy globally to a market-based, worldwide integrated economy. Russia is a country blessed with natural resources, and the world's high oil prices have led to economic growth in the country. The Russian banking industry is one of the most influential countries among the recent economic downturn as it is drying due to the decline in crude oil prices. The per capita GDP growth rate in developed countries is relatively moderate and relatively gradual. The per capita GDP of purchasing power parity in 2009 was 32% of the average income in the United States. Under these assumptions, the per capita GDP growth rate of the country has reached 7% a year. Political, macroeconomic stability, and information and communication technology (ICT) have greatly advanced, which contributes to the business environment. (Long-Term Perspective of Russia)