Page 60 - RusRPTJan21

4.4​ Fixed investment
Russia -Fixed capital investment 2012 2013 2014 2015 2016 2017 Mar-2018
Investment (% of GDP)
24.3 22.9 22.0 21.4 22.5 23.5 15.3
GDP: Gross fixed investment capital formation (USD mn)
471,337 496,982 428,573 276,240 280,350 342,294 58,303
source: CEIC
In the third quarter, fixed investment was just over 4% lower in real terms than a year earlier, ​after declining by 7.5% in the second quarter. Investment has returned to a much faster pace of recovery than in previous economic downturns around 2009 and 2015, when it took more than a year to recover.
Throughout the January-September period, investments decreased by about 4% year-on-year. Rosstat only collects statistics on large and medium-sized enterprises and public investment during the year (three quarters of total investment). They fell by less than 2% year-on-year in January-September, so Rosstat estimates that the interest rate and economic recession have reduced other investment by about a tenth.
Investment in large and medium-sized enterprises as a whole has declined, mainly due to a sharp decline in investment in both oil and gas pipeline
60 ​RUSSIA Country Report​ January 2021 ​ ​www.intellinews.com