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

See all articles by Alexander Knobel

Alexander Knobel

Gaidar Institute for Economic Policy; Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies

Alexander Firanchuk

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - International Laboratory of International Economics Studies

Date Written: June 6, 2018

Abstract

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

Knobel, Alexander and Firanchuk, Alexander, Foreign Trade Turnover in Services in 2017: Recovery Growth (June 6, 2018). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 10, pp. 11-15. Available at SSRN: https://ssrn.com/abstract=3191853 or http://dx.doi.org/10.2139/ssrn.3191853

Alexander Knobel (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Presidential Academy and Public Administration (RANEPA) - Institute of Applied Economic Studies ( email )

Vernadsky Ave. 82
Moscow, 119571
Russia

Alexander Firanchuk

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - International Laboratory of International Economics Studies ( email )

Moscow
Russia

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