Russian Federation : Investment Priority

Russia – Investment Priorities Diversification of Economy – Development Priority 1 Share of mineral resources sector in GDP and in export is still fairly high; however, specific measures are being taken in order to diversify the Russian economy, this should have a posi- tive effect on Russia's global competitiveness 2011 GDP Breakdown Agriculture, hunting. forestry, fishing and fish farms Net taxes on goods 15,1% Mining and quamying 9,1% 3.6% Other 4,5% Manufacturing 13,6% Public health and social work 3,2% Public administration and clefence, соmpuisory sodal security 5.0% Electricity, gas and water produdionn and supply 32% Real estate, renting and service rendering 9.9% Construction 5,5% Wholesale and retail trade, repair of mctor vehicles, motorcydes and personal and household goods 16,2% Financial activity 3.6% Transport and communications 7,5% Source: Federal State Statistics Service Key areas of diversification identified by the Russian President: - Energy efficiency: – Nuclear technologies; - IT and software; - Space technologies and telecommunications; - Medical technologies and pharmaceuticals. The goal is to modern- ize and to diversify the economy