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  /  Performance overview / Description of transport market in Russia in 2013 / Macroeconomic environment in Russia

Macroeconomic environment in Russia

During 2013, the macroeconomic environment in Russia deteriorated significantly qith GDP growth slowing to 1.3% compared to 3.4% in 2012. Negative dynamics were also noted with regards to other important macroeconomic indicators:

  • Industrial production growth which determines the workload for railway transport amounted to just 0.4% in 2013, compared to 3.4% in 2012. Low demand for products remained the main issue for industrial enterprises;
  • Investment activity declined sharply. During 2013, the volume of investments into fixed assets decreased by 0.2%, following growth of 6.8% in 2012;
  • Consumer demand weakened significantly, resulting in the slowdown of retail turnover growth to 3.9% in 2013, compared to 6.3% in 2012;
  • Russian exports decreased by 0.9% following growth of 2.4% in 2012.
GDP growth in Russia in 2013
1.3 %
In 2012 GDP growth amounted to 3.4%
Industrial production growth in 2013
0.4 %
In 2012 industrial production growth amounted to 3.4%

Growth of macroeconomic indicators of Russia in 2012-2013, % to previous year

* December vs December.