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RUSSIA
 
RETAIL MARKET
 
Russia forecast market growth for the next 5 years is estimated at 10% annual growth. This is largely driven by the country strong trade balance, growth in productivity and investment. As the macro economics is strong, consumers disposal income increases and they tend to seek for better quality and variety of choice of products.
 
Top preferred consumer brands include 36.6, GUM, TsUM, Ikea, Detsky Mir, Starik Khottabych, Technosila, M.Video, Okhotny Ryad, Mir

 
Russia's retail turnover in July 2006 totaled RUB 711.5bn, which is 13.6% higher; in January-July the turnover grew by 11.7% - to RUB 4.59 trillion, according to the Federal State Statistic Service. In July, the retail turnover was by 80.4% formed by trading organizations and individual entrepreneurs operating in the stationary distributive network. The markets' share was 19.6% (in July 2005 - 79.0% and 21.0% respectively). The food ratio in the retail turnover structure was 46.0%, the non-food ratio was 54.0% (in July 2005 - 46.4% and 53.6% respectively).
 
 
  
KEY STATISTICS
 
Population: 142,893,540 (July 2006 est.)
 
Age structure:
0-14 years: 14.2% (male 10,441,151/female 9,921,102)
15-64 years: 71.3% (male 49,271,698/female 52,679,463)
65 years and over: 14.4% (male 6,500,814/female 14,079,312) (2006 est.)
 
Population growth rate: -0.37% (2006 est.)
 
GDP (purchasing power parity): $1.589 trillion (2005 est.)
GDP - per capita (PPP): $11,100 (2005 est.)
 
Unemployment rate: 7.6% plus considerable underemployment (2005 est.)
 

 

 

 
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