Northwestern economic region

Northwestern economic region (Russian: Се́веро-За́падный экономи́ческий райо́н; tr.: Severo-Zapadny ekonomichesky rayon) is one of twelve economic regions of Russia.

Northwestern economic region on the map of Russia

Composition

• Leningrad Oblast
• Novgorod Oblast
• Pskov Oblast
• federal city of St. Petersburg

Socio-economic indicators

Northwestern economic region accounted for 5 per cent of the national GRP in 2008. With its Baltic port and proximity to Finland, this region and its chief city St. Petersburg have always been a Russian window on the west. Its history is very different from that of Moscow and other parts of the Russian Federation. This is reflected in the positive outlook of many residents. The evaluation of the current economy is unusually high by Russian standards, and so too is the expectation of life improving. The region is also a magnet for student seeking higher education.

While nominal income is well below the national average, to a significant extent this is compensated by the fact that the likelihood being paid is well above the national average. Moreover, those finding life bearable are also well above the national average. ^[1]

References

Economy of Russia
History	Soviet Union Privatization Financial crises 1998 2014–present Monetary reforms in Russia (1991 1993 1998) National Priority Projects Stabilization Fund Great Recession in Russia Medvedev modernisation programme
Natural resources	Timber Mining Aluminium Oil reserves Energy Nuclear power Geothermal power Renewable energy Agriculture Fishery Hunting
Industry	Engineering (Aircraft Automotive Tractor, timber and agricultural machinery Defence Shipbuilding Space industry Rolling stock manufacturers) Metallurgy (Pipe Industry) Petroleum industry Chemical industry Science and technology Food industry
Infrastructure	Telecommunications Transport Rail Vehicle registration plates
Services	Grocery retailing Tourism Gambling Real estate
Finance	Russian ruble Account Chamber Banking (Banks Central Bank of Russia) Federal budget Moscow Exchange National Pension Fund Social Insurance Fund Tax Code Billionaires
Regional economies	Natural resources of Primorsky Krai Federal subjects by GRP Federal subjects by GDP per capita Federal subjects by HDI Federal subjects by unemployment rate
Economic regions	Central Ural North Caucasus Volga West Siberian East Siberian Volga-Vyatka Northwestern Central Black Earth Far Eastern Northern
Other	Companies Exports Trade unions Russian oligarch
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