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Positive Trends of Eight Years of Putins Presidency

 
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In the 1990s Russias GDP fell by 40%
It eventually regained the 1990 level in 2002
Since 2000, GDP growth has averaged just under 7% a year
In current dollar prices, GDP went from $200 billion in 1999 to $1.26 trillion in 2007
A 70% increase in GDP
Russia moved up from being the twentieth largest economy in the world to the seventh (fifth in 2008)
The government has been running a substantial surplus
The settling of nearly all Russias foreign sovereign debts
The accumulation of a war chest of $402 billion foreign currency reserves as of March 2008
Investment has risen by 12% annually
Unemployment has fallen below 7%
Labour productivity grew 49% between 1995 and 2005, ranging from a 23% improvement in retailing to a 73% rise in construction
Stock market capitalisation rose to 44% of GDP by 2005
The RTS index went from 300 in 2000 to 2,360 in December 2007
In September 2006 the market capitalisation of the 200 biggest firms was $833 billion (one third of which was Gazprom)
A reform of the tax system, under which a progressive income tax from 12% to 30% was replaced with a flat tax of 13% in 2001
Russia introduced full convertibility of its currency in July 2006
A total of 70% of economic activity now takes place in legally independent corporations, and a similar proportion of economic transactions occur through market-clearing prices
The centralised, command economy was smashed, although elements of such a model persist at the local level in some regions such as Tatarstan or Kalmykiya
 
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Chart: seekingalpha.com

 
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