The transportation complex in Russia in 2019

K. Borzhyh and Yuriy Ponomarev
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K. Borzhyh: RANEPA

Published Papers from Gaidar Institute for Economic Policy

Abstract: The transportation complex and its development, in particular the development of transportation infrastructure, is one of the most important factors of economic growth. Investments in infrastructure invariably have a huge impact on long-term economic growth. A lack of proper infrastructure development can give rise to bottlenecks, imbalances and a significant increase in the cost of doing business.[1] The transportation and logistics complex and related activities play a significant role in the functioning of Russia’s national economy. According to data released by Rosstat, the transportation industry’s share in GDP in 2017 and 2018 was 7.0% and 6.5%, respectively, and at year-end 2019, it was 6.6%. According to the estimates released by the RF Ministry of Economic Development, from 2016 onwards the transportation sector has been making a positive input into GDP growth: 0.09 percentage points in 2016, 0.01 percentage points in 2017, and 0.19 percentage points in 2018; in Q1 and Q2 2019, 0.21 and 0.19 percentage points, respectively; and by year-end 2019, the annual input of the transportation industry into GDP growth is forecast be 0.12 percentage points. Through the existing inter-industry links, the transportation complex influences almost every sector of the national economy.

Keywords: Russian economy; foreign trade; customs regulation (search for similar items in EconPapers)
JEL-codes: L91 L92 L93 L99 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2020, Revised 2020
New Economics Papers: this item is included in nep-cis, nep-tra and nep-tre
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Citations: View citations in EconPapers (5)

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