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Russian economy grows 5.7% in 2001
MOSCOW. Jan 23 (Interfax) - Production of goods and services in the five core sectors of the Russian economy - industry, construction, agriculture, transport and retail trade - grew 5.7% in 2001, compared to growth of 10.2% in 2000, the State Statistics Committee reported on Wednesday.
In December 2001, production in the core sectors was up 5.1% year- on-year and 2% from the previous month.
Industrial production in 2001 rose 4.9% to 5.881 trillion rubles, agricultural output grew 6.8% to 1.001 trillion rubles, capital investment was up by an estimated 8.7% to 1.6 trillion rubles, freight turnover increased by 3.1% (including 4.9% by rail) and retail sales rose 10.8%, the committee said.
The visible foreign trade turnover in the first eleven months of 2001 grew 5.4% year-on-year as exports slipped 0.5% while imports rose 19.5%.
Real disposable incomes rose by an estimated 5.9% in 2001, and the real wage was up 19.8%; in nominal terms, not adjusted for inflation, wages rose 45.5%. Consumer price inflation was 18.6% in 2001 and producer price inflation was 10.7%.
In December, industrial output rose 2.6% year-on-year, agricultural production grew 4.7%, and capital investment was up by an estimated 11.5%. Freight turnover grew 1.8%, including 0.7%. Retail sales in December were up 11.4% year-on-year.
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