The Theme: Russian economy Plan: Infrastructure Agriculture and fishery

The Theme: Russian economy

Plan:

1.Infrastructure

2.Agriculture and fishery

3. Science and technology

4.Tourism

Russia , or the Russian Federation, is a country spanning Eastern Europe and Northern Asia. It is the largest country in the world, covering over 17,125,191 square kilometres (6,612,073 sq mi), and encompassing one-eighth of Earth's inhabitable landmass. Russia extends across eleven time zones, and has the most borders of any country in the world, with sixteen sovereign nations.[c] It has a population of 146.2 million; and is the most populous country in Europe, and the ninth-most populous country in the world. Moscow, the capital, is the largest city in Europe; while Saint Petersburg is the second-largest city and cultural centre. Russians are the largest Slavic and European nation; they speak Russian, the most spoken Slavic language, and the most spoken native language in Europe.

The economy of Russia is a developing mixed economy with enormous natural resources, particularly oil and natural gas. It is the fifth-largest economy in Europe, the world's eleventh-largest economy by nominal GDP, and the sixth-largest by PPP. In 2017, the large service sector contributed to 62% of the total GDP, the industrial sector 32%, and the small agricultural sector roughly 5%. Russia has a low unemployment rate of 4.5%, and a relatively low poverty rate of 12.6%. More than 70% of its population is categorized as middle class officially.Russia's foreign exchange reserves are the world's worth $622 billion, and are the world's fifth-largest. It has a labour force of roughly 70 million, which is the world's sixth-largest. Russia's large automotive industry ranks as the world's tenth-largest by production.

Russia is the world's fourteenth-largest exporter.In 2016, the oil-and-gas sector accounted for 36% of federal budget revenues. In 2019, the Natural Resources and Environment Ministry estimated the value of natural resources to 60% of the country's GDP. Russia has one of the lowest external debts among major developed countries, and ranked high among the "very easy" countries in the 2019 Ease of Doing Business Index. It has a flat tax rate of 13%, and has the world's second-most attractive personal tax system for single managers after the United Arab Emirates. However, extreme inequality of household income and wealth in the country has also been noted.