Tuesday, May 28, 2013

28/5/2013: Russian GDP and GVA: Composition

Two interesting charts on composition of Russian GDP (and gross value added):

Chart above shows remarkably low share of Mining and Quarrying activities in GVA (11%). Even recognising that some of the manufacturing value added is transfered (via subsidies etc) from the extraction sector, still the chart above is puzzling. And it is especially puzzling given the chart below shows net exports (dominated heavily by extraction sectors outputs) running at 8.6% of the total economic output.

Note that comparatives in the last chart are a bit off due to normal seasonality differences (H1 vs FY), so here's a table showing H1 to H1 comparatives:

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