Economy and investment climate of Leningrad region

Leningrad region is one of the leaders in terms of economic development in Northwestern federal district and one of the largest industrial centres in Russia.

Over the last years the region sustainably holds positions as one of the fastest-growing Russian regions in terms of the volume of investments. This regional indicator is annually improving almost by a third which characterizes the most successful economics in the world.

Gross regional product

GRP dynamics, billion rubles:

965,8

1 147

1 224

1 246

1 481

1657

1 796

1 988

2017

2018

2019

2020

2021

2022

2023

2024

trillion forecasted
GRP by 2035

GRP structure:

36%

Industry

14,6%

Transport and communications

30%

Other

9,7%

Wholesale and retail trade

9,7%

Construction

Investments

Investments in fixed assets, billion rubles:

338,6

511,1

419,1

458,1

442,8

551,3

685,6

1 110

2017

2018

2019

2020

2021

2022

2023

2024

55%
share of investments in GRP of the region

Structure of investments in fixed assets by economic activity (2024):

58,4%

Industry

17,2%

Transportation
and storage

7,2%

Provision of electric energy, gas and steam; air conditioning

4,5%

Real estate
transactions

12,7%

Other