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The Novosibirsk Region is one of the largest and fastest growing regions of Russia. It offers favourable conditions for domestic and international companies exploring new opportunities for expansion in various industries.

Overview of the Region

Official name

Novosibirsk Region

Total area

177,800 km2

Capital

Novosibirsk

Official language

Russian

Standard time zone

GMT+6

Average temperature

winter: -16°С

summer: +19°С

Population

2.7 million

Literacy rate

100%

Employable population

1.46 million

 

Macroeconomic Indicators

Gross Regional Product, 2013

RUB 821,415 million

(USD 24,200 million)

Per capita Gross Regional Product, 2013

RUB 301,956

USD 8,900

Rate of Gross Regional Product growth vs. 2012

12.8%

Direct foreign investments, 2013

USD 130 million

Investments in fixed capital, 2014

RUB 180,035 million

(USD 4,600 million)

Total foreign trade turnover, 2014

USD 4,461 million

Total export, 2014

USD 2,370 million

Total import, 2014

USD 2,091 million

 

Due to favourable conditions for living and business development, the main socioeconomic indicators of the Novosibirsk Region are growing.

Average Annual Growth Rates of the Main Socioeconomic Indicators in 2011–2014

Population

+0.7%

Number of unemployed

-9.5%

Actual household income

+3.4%

Actual average monthly salary

+4.2%

Gross Regional Product

+4.9%

Industrial production

+4.4%

Investments in fixed capital

+5.1%

Source: Federal State Statistics Service

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