Doing business in St. Petersburg

GRP of
St. Petersburg:

46,678 billion. USD (2009)

GRP per capita in St.Petersburg:

318 900 RUB (2009)

Labour force:

2 900 thous. people (2009)

Level of registered unemployment:

1,1% (June 2009)

Volume of residential construction: 

2 603 thous. sq. m. (2009)

City budget:

Voted revenues 318.5 bln of RUB (2010)
Voted expenditures 336.7 bln of RUB (2010)

City debt:

Total: 1, 78 bln. RUB (April 1, 2010), including

Internal:   1, 680 bln. RUB
External:  0, 101 bln. RUB

Credit rating:

• Standard&Poor’s – BBB (December 31, 2009), forecast – stable 
• Moody’s Investors Service – Baa2 (October 31, 2005), forecast – stable
• FitchRatings – BBB(June 24, 2009), forecast – negative
• Expert RA – 1B (December 15, 2008), high potential, moderate risk

 Leading industries:

Machine building and metalworking, food, metallurgy, power industry, construction, woodworking and pulp-paper, chemical and petrochemical industry, shipbuilding and other industries

Foreign trade (2008):

49,4 bln. USD (30,6% growth to 2007; 6,5% of Russian foreign trade)

Main trade partners (2008): 

Main trade partners by share in the total volume in foreign trade turnover.  

Exports (2008):

23,6 bln. USD (24,6% growth to 2007)  

Exports – commodities (2008):

Largest exporters (2008):

Gazprom Neft, IBS, Novatek North-West, SSTC, Transoil.

Imports (2008):

20,7 bln. USD (24.2% growth to 2007)

Imports – commodities (2008):

Currency (code):

RUB

Exchange rates:

• RUB per EUR – 44,20 (2009), 36,40 (2008), 35,01 (2007), 34,10 (2006), 35,18 (2005), 35,81 (2004), 34,68 (2003), 29,69 (2002), 26,14 (2001), 26,00 (2000)
• RUB per USD – 31,77 (2009), 24,80 (2008), 25,56 (2007), 27,15 (2006), 28,28 (2005), 28,81 (2004), 30,69 (2003), 31,35 (2002), 29,17 (2001)

Exchange rates