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The Share of High-tech Industries in the Russian Economy Fell Down in 2018
8.02.2019 10:00
The Share of High-tech Industries in the Russian Economy Fell Down in 2018

 At the end of 2018, the share of high-tech and knowledge-intensive industries in the Russian economy fell to 21.3%, demonstrating the level of 2015, RBC reports citing Rosstat data. In 2016 and 2017, the indicator stagnated at the level of 21.6%.

      This industry is conventionally divided into three groups: knowledge-intensive, high-tech and medium-tech manufacturing. In addition to the obvious scientific developments, the production of computers and medical equipment, the industry also includes insurance, finance, education, health care, architecture, etc. According to the May decrees, in 2018, the figure should have reached 25.6% in 2018.

      Rosstat began calculating the share of high technologies in the Russian economy in 2011 as part of the implementation of the May decree of President Vladimir Putin on long-term economic policy. In 2011, it accounted for 19.7%; it has been consistently growing over several years, until it fell to 21.3% in 2015.


Author: Anna Dorozhkina

Tags: Russian business     

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