Foreign Trade Turnover in Services in 2017: Recovery Growth
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 10, pp. 11-15
5 Pages Posted: 21 Jun 2018
Date Written: June 6, 2018
Russian exports of services in 2017 grew by 14%. To achieve the export target set by the President’s decree of May 7, 2018 to the tune of $100 billion over the next six years, annual growth of 9% will be required. Import of services in 2017 grew by 19% mainly due to 30% increase in traveling overseas which can be linked with stabilization of ruble exchange rate and an abolishment of all air travel restrictions with Turkey.
Keywords: Russian economy, foreign trade, recovery growth
JEL Classification: F10, F13, F19
Suggested Citation: Suggested Citation