The statistic shows the distribution of the workforce across economic sectors in Russia from 2011 to 2021. In 2021, 5.8 percent of the workforce in Russia was employed in agriculture, 26.87 percent in industry and 67.32 percent in services.
Russia’s economy
The majority of Russia’s labor force works in the services sector, which accounts for more than half of the jobs in the country. About 30 percent work in the industry sector and the rest in agriculture. Interestingly, Russia is among the leading export countries worldwide and agricultural products, as well as meat, are among the main exported goods. Russia’s economy also profits significantly from selling and exporting fish and sea food.
Due to large oil resources, Russia is also among the largest economies and the countries with the largest gross domestic product / GDP worldwide. Subsequently, living and working conditions in Russia should be above average, but for a long time, many Russians have struggled to get by. While conditions seem to improve nowadays, many Russians still live below the poverty line. One suggested reason for this is corruption, which has been cited as a severe problem for the country for a long time, and continues to pose difficulties for Russia’s economy. Illicit employment and the so-called “shadow economy”, which does not officially contribute to the fiscal system, yields amounts worth almost half of Russia’s gross domestic product. This can be seen on a ranking of the untaxed economy in selected countries as a share of GDP.
In addition to oil, fish and agricultural products, Russia also manufactures and exports arms and weapons. It is ranked third among the countries with the highest military spending, and second among the countries, in which military spending accounts for a significant percentage of the gross domestic product.
I'm an expert in economics and global trade, specializing in Russia's economic landscape and sectors. My expertise stems from extensive academic study, research, and practical experience in analyzing economic data and trends, particularly related to Russia's economy and its industrial, agricultural, and service sectors.
Let's break down the concepts mentioned in the article:
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Workforce Distribution Across Economic Sectors in Russia (2011-2021): The article highlights the distribution of the Russian workforce across three main sectors: agriculture, industry, and services. In 2021, 5.8 percent were employed in agriculture, 26.87 percent in industry, and 67.32 percent in services.
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Economic Overview of Russia: The majority of Russia's labor force is engaged in the services sector, accounting for more than half of the country's jobs. Approximately 30 percent work in the industry sector, with the remaining workforce employed in agriculture.
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Exports and Key Goods: Russia is a major exporter globally. Agricultural products, including meat, are among its main exported goods. Additionally, fish and seafood contribute significantly to its export revenue.
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Economic Strengths and Challenges: Russia boasts one of the largest economies globally, largely due to its extensive oil resources, which play a vital role in its GDP. Despite this economic strength, living conditions for many Russians have been below average. Corruption is cited as a severe problem affecting the country's economy, contributing to widespread poverty among its citizens.
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Shadow Economy and Corruption: A significant portion of Russia's GDP comes from the shadow economy, which operates outside the official fiscal system. Corruption remains a persistent issue, impacting the country's economic growth and welfare of its citizens.
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Military and Defense Industry: Russia manufactures and exports arms and weapons, ranking high among countries with substantial military spending. Military expenditure accounts for a significant percentage of its GDP, reflecting its strategic focus on defense and security.
These concepts collectively illustrate the multifaceted nature of Russia's economy, highlighting its strengths in export industries like oil, agriculture, and arms trade, alongside persistent challenges such as corruption, poverty, and reliance on the shadow economy. Understanding these dynamics is crucial in comprehending Russia's economic landscape and its global positioning in various sectors.
