Friday, July 20, 2018

Sverdlovsk Region's GDP rises 7.8 percent

The Sverdlovsk Region ranks in the top 10 most economically and socially successful federal constituencies in the Russian Federation, according to the Governor of the Sverdlovsk Region's Information Policies Department.

The Sverdlovsk Region's gross regional product grew by 7.8 percent in 2012, or approximately $50 billion, Ural Business Consulting reports.

The region was ranked sixth nationally in terms of industrial goods supplied to consumers. It ranked higher for retail trade, coming in third, behind Moscow and Moscow Region. It was the seventh largest constituency in terms of capital asset investments.

Preliminary estimates say that the volume of goods produced inside the region and shipped to consumers will be 13.7 percent greater than in 2011.

Additionally, it is estimated that Sverdlovsk Region's industrial production index will grow by 8.3 percent compared to 2011, Ural Business Consulting reports.