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An analysis of changes in the shares of main sectors in the structure of GDP, based on the latest data from Rosstat, shows that between 1Q22 and 1Q23 the biggest rises in shares in GDP were recorded in the state sector, transportation, financial sector, and in real estate. At the same time, the sharpest declines in shares were seen in the extraction sector (including oil and gas), manufacturing industry, collection of net taxes, and retail trade.
However, two indicators suggest that Russia’s economy is suffering from structural problems that are slowly getting worse: rising real incomes and falling unemployment.
35 RUSSIA Country Report August 2023 www.intellinews.com
