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Leningrad region is among top 10 leaders

Monday, 31.05.2021

Leningrad region has occupied 8th place in the Ranking of social and economic position of the Russian regions according to the results of 2020.

Thus, the region has improved its positions by one point. The ranking was prepared by the experts of RIA Rating Agency using the data of the Ministry of Finance of the Russian Federation, the Federal Treasury and the Federal State Statistics Service.

“This year the economic situation in the regions has impacted the results of the ranking. Leningrad region, as I’ve already mentioned, goes against trends. By the end of the year we saw growth in both small business and trade, and the volume of investments and manufacturing industry index. We’ve learned how to live in the new conditions and our economy continues growing. Leningrad region not only stays in the first top 10 regions, but also annually improves its results,” commented the Governor of Leningrad region Alexander Drozdenko.

The methodology of the ranking is based on the aggregation of various indices that characterize social and economic situation in the regions. In particular, it includes the indicators of the scale and efficiency of the economy, budgetary and social spheres.

In 2020 the number of the subjects of small and medium-sized business has grown in Leningrad region despite the COVID restrictions and amounted to 64,410 enterprises (1% growth), the number of people employed in entrepreneurship amounted to 221,900 people (11.4% growth). According to the results of 2020 the retail turnover in Leningrad region amounted to 106.5%.

Besides, Leningrad region occupied 10th place among the Russian regions in terms of the volume of investments in fixed assets per capita – this index amounted to 243,000 rubles per person. In terms of the total volume of investments – 458.1 billion rubles – the region occupies 9th place in Russia. According to the results of 2020, this indicator has increased by 5.2%.