Economic Situation in the Far Eastern Federal District in 2021

Olga Mikhailovna Prokapalo (), Anna Borisovna Bardal (), Marina Gamilovna Mazitova () and Denis Vladimirovich Suslov ()
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Olga Mikhailovna Prokapalo: Economic Research Institute FEB RAS
Anna Borisovna Bardal: Economic Research Institute FEB RAS
Marina Gamilovna Mazitova: Economic Research Institute FEB RAS
Denis Vladimirovich Suslov: Economic Research Institute FEB RAS

Spatial Economics=Prostranstvennaya Ekonomika, 2022, issue 2, 135-182

Abstract: In this paper we analyze the socio-economic situation in the Far Eastern Federal District in 2021. We consider the main types of economic activity and territorial-administrative regions and base our analysis on operational statistical, analytical, and expert information. We take up the problems of functioning of the branches of the real sector of the economy, the social sphere, and foreign economic activity under the influence of the mitigation of restrictive measures of functioning in the conditions of the ongoing crisis caused by the pandemic. We note an increase in investment activity above the level of the pre-pandemic period of 2018–2019 as projects in the field of mining, transport, logistics, and gas-chemical projects had a positive impact on the increase in investment resources. Against the background of the positive dynamics of the production activity of regional industrial enterprises, a slowdown in the intensity of recovery relative to national parameters was noted. The manufacturing industry of the macroregion has demonstrated significant growth rates, but multidirectional production trends persisted in the two largest Far Eastern subjects of the Russian Federation (from the point of view of the extractive industry) – the Republic of Sakha (Yakutia) (growth), and the Sakhalin Region (decline). Positive aspects (weak growth) were recorded in overcoming the real incomes crisis. The real income is still, however, below the pre-pandemic level of 2019. The growth of monetary incomes of the population in real terms was observed in the Jewish Autonomous Oblast, Primorsky Krai and Kamchatsky Krai, the Republic of Sakha (Yakutia), Amur Oblast, and the Chukotka Autonomous Okrug. At the same time, only in the Chukotka Autonomous Okrug the growth rate of real incomes of the population exceeded the average Russian level. The process of population decline continues due to a decrease in the birth rate and an increased number of deaths, which was noted back in 2020; positive factors include an increase in the population due to migration growth in the five Far Eastern regions of the Russian Federation

Keywords: monitoring; GRP; regional industrial complex; investment; infrastructure; inflation; standard of living; labor market; foreign trade; pandemic; Far Eastern Federal District (search for similar items in EconPapers)
JEL-codes: L19 P25 R12 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:far:spaeco:y:2022:i:2:p:135-182

DOI: 10.14530/se.2022.2.135-182

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