Comprehensive Analysis of Russian Macroeconomic Indicators (2010-2020)

This report provides an analysis of key macroeconomic variables in Russia from January 2010 to January 2020. The study examines the trends in GDP, unemployment rate, real effective exchange rate, and consumer price index (CPI) over the specified period. The report highlights the continuous growth in GDP, attributed to the rise in the production of goods and services, and the decreasing unemployment rate due to economic growth and government spending on national projects. It also discusses the fluctuations in the real effective exchange rate influenced by trade policies and the variations in the CPI related to the prices of manufactured products. The analysis relies on data from the Russian economy and is supported by relevant references to academic literature. The report provides insights into the economic performance and trends of the Russian economy during the decade from 2010-2020.

Russia Macroeconomic Variables
Name
Institution

This file describes five macroeconomic variables of the Russian economy. The data represents
monthly records from January 2010 to January 2020. Each of the variables shows a trend from
one month to another (Andreeva & Garanina, 2016). For instance, Russian GDP has experienced
a continuous growth since 2010 to 2020. The increasing growth in GDP is attributable to the rise
in the production of goods and services in Russia since 2010 to 2020 (Bragin et al., 2018).
According to the International Labor Organization, unemployment rate is the percentage of those
who do not have employment against the total labor force (Kulikova et al., 2016). With the
increasing number of graduates from different learning institutions in Russia, the government
increases its spending on national projects to provide job opportunities (Freixanet & Churakova,
2018). As a result, Russia has experienced a decreasing unemployment rate due to economic
growth. The economic growth has a negative correlation with unemployment rate such that if the
economy grows the rate of unemployment reduces.
Real Effective Board Exchange rate measurers the weighted average of a country’s currency in
relation to index of other currencies. Over the past ten years, Russia has recorded fluctuations in
the exchange rate due to trade policies (Makushkin et al., 2016). On the other hand, consumer
price index measures the variations in the prices of goods and services in a country (Orazalin &
Mahmood, 2018). In this case, the CPI rates measurers the variations in the prices of
manufactured products in Russia.

References
Andreeva, T., & Garanina, T. (2016). Do all elements of intellectual capital matter for
organizational performance? Evidence from Russian context. Journal of Intellectual
Capital.
Bragin, L. A., Ivanov, G. G., Mayorova, A. N., Mayorova, E. A., & Nikishin, A. F. (2018).
Environmental Performance of Retail Trade Companies in Russia. Journal of
Environmental Management & Tourism, 9(1 (25)), 175–180.
Freixanet, J., & Churakova, I. (2018). The impact of export promotion programs on firms’ export
competencies and performance in a transition economy: The case of Russian
manufacturers. Journal of East-West Business, 24(4), 287–318.
Kulikova, N. N., Smolentsev, V. M., Tikhonov, A. I., Kireev, V. S., & Dikareva, V. A. (2016).
Planning of technological development of new products and its impact on the economic
performance of the enterprise. International Journal of Economics and Financial Issues,
6(8S), 213–219.
Makushkin, S. A., Kirillov, A. V., Novikov, V. S., Shaizhanov, M. K., & Seidina, M. Z. (2016).
Role of inclusion “Smart city” concept as a factor in improving the socio-economic
performance of the territory. International Journal of Economics and Financial Issues,
6(1S), 152–156.
Orazalin, N., & Mahmood, M. (2018). Economic, environmental, and social performance
indicators of sustainability reporting: Evidence from the Russian oil and gas industry.
Energy Policy, 121, 70–79.