Growth rates

When Russia is an exogenous country national projections from the World Bank for GDP growth from 2018 to 2030 have been used. Based on these sources the average annual GDP growth in Russia as a whole is 4.3 % between 2009 and 2035. From 2030 to 2050 we have used World Bank projections of population growth, and assumed a gradual reduction in GDP per capita growth rates towards 1% p.a. from 2030 to 2050.  This national growth rate is used to calibrate regional growth rates in Russia. To create regional indexes two additional sources have been used: historical gross regional product for the Russian regions from Rosstat[1] and regional population data from the Russian population census of 2002 and 2010 (along with estimates for 2012) from the “State Committee of the Russian Federation on Statistics”.[2] For the three regions we then get the following average GDP growth rates between 2009 and 2035; RU1 4.5 %, RU2 3.4 % and RU3 4.3 %.

[1] Source:

[2] Source:

Publisert 14. apr. 2014 14:29 - Sist endret 14. aug. 2014 09:15