First 10 years of the 21st century, the Russian economy in general to achieve stable growth in emerging economies as an important member. While the international financial and economic crisis, but in 2010, the Russian economy to regain growth, innovation and development into new journey.

Significant improvement in people’s lives

In 2000, Russia’s GDP of 2050 billion U.S. dollars. At that time, Russia’s strategic planning center forecast that by 2010 Russia’s GDP doubled to 457 billion U.S. dollars.

The fact that far to go in front of the imagination. In 2008, Russia’s GDP reached a record 1.666 trillion U.S. dollars. In 2009, by the enormous impact of the global financial crisis, Russia’s GDP fell to $ 1,229,000,000,000. However, Russia’s GDP in 2010 than in 2009 is expected to increase 3.8%.

World Bank data shows that before the outbreak of the financial crisis, Russia’s total economic output at market exchange rates has entered the world top ten, according to purchasing power parity, the seventh or eighth column. Post-crisis decline in its overall economic level, according to the above two calculations, in 2009 Russia was ranked twelfth in the world and the ninth.

In national development, people’s living standards increase year by year. In 2000, the Russian national average monthly wage of 2223 rubles, then about 82 U.S. dollars. In 2010, the figure was 20,815 rubles, about $ 682. In 2000, Russia’s annual inflation rate was 20.2%, 8.5% in 2010.

After 10 years of rapid development, the Russian Internet users reached 46.5 million. In addition, the Russian car ownership is also rising rapidly. In 2007, Russia has 188 cars per thousand in 2008 to 200 in early 2009 to reach 225.

Ruble to remain stable currency

The new millennium, the Russian Strategic Planning Center has predicted that the ruble against the U.S. dollar in 2010 from 27 in 2000 or 28 to 1 down to 44.8 to 1.

Over the past 10 years, the ruble’s steady performance far exceeded the expectations. In mid-December this year, the ruble against the U.S. dollar was 30.7 to 1. Whether this is because the ruble outstanding performance, or as the dollar appeared to decline, one thing is certain, that is, a reversal of the last century, the Russian macroeconomic instability 90, 10 years maintained a broadly stable.

Optimistic about the prospects for the Russian economy recently released Goldman Sachs predicted that if the international crude oil prices remained relatively high level in 2011, the ruble will remain stable or appreciate against the U.S. dollar is expected to reach 28.6 to 1. Deutsche Bank is expected to the end of 2011, the ruble against the U.S. dollar will reach 28 to 1.

The Russian Ministry of Economic Development cautious forecast that next year the ruble against the U.S. dollar will decline slightly to 31.3 to 1. Another Russian economic experts believe that next year the ruble against the U.S. dollar could fall to 35 to 1.

Transformation of the energy needs of economic development model

Analysts believe that Russia’s rapid economic development, both political stability, appropriate policy reasons, to a large extent because of rising international crude oil prices to catch up with a good time.

1998 to 1999, international crude oil prices averaged 10 dollars per barrel to 15.5 dollars. The end of 2000, crude oil prices briefly rose to 30 dollars per barrel up and down. Subsequently, the United States “9.11” terrorist attacks, the Iraq war, strong demand in emerging economies, have all led to rising crude oil prices year after year. 2008, before the outbreak of the financial crisis, once more than 147 U.S. dollars per barrel.

Over the past 10 years, 10 years of high oil prices, which heavily dependent on energy for economic growth in Russian exports provides great opportunities for development. However, high oil prices led the development of Russian economy, but also make it more abnormal growth patterns. Arbat Capital Management chairman Popovich said, the proportion of Russia’s exports of raw materials Brezhnev in the Soviet Union 50% 65% 1998 -70%, 75% now. The end of July this year, Russian Finance Minister Alexei Kudrin said that at present 40% of Russian budget revenues from oil and gas extraction, processing and transportation, GDP of 25% from oil and gas industry.

International financial and economic crisis in the Russian economy a heavy blow to the community aware of the need to change the Russian model of economic development, and take the road of innovation and development of modernization. However, the enormous difficulties facing the Russian economy in transition, is expected to be a long and complicated process of evolution.

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