Economy
Bashkortostan is one of the most developed regions of the Russian Federation in terms of its gross regional output, volume of industrial production, agricultural production, and investment in fixed assets.
The economy of Bashkortostan, being one of the largest industrial centers of Russia, is very diverse. Bashkortostan has a large agricultural sector. But the republic's most important industry is chemical processing; Bashkortostan produces more oil than any other region of Russia, about 26 million tons annually, and provides 17% of the country's gasoline and 15% of its diesel fuel. Other important products manufactured in Bashkortostan include alcohols, pesticides and plastics. The republic's gross regional product in 2007 was 645 billion rubles (over €18 billion). More than half of Bashkortostan's industry is based in Ufa, the republic's capital.
| 2002 | 2003 | 2004 | |||
|---|---|---|---|---|---|
| Gross regional product | 214.8 | 279.7 | n/a | billion roubles | |
| Industrial production volume | 161.7 | 192.1 | 354 | billion roubles | |
| Construction | 1,408 | 1,471.5 | 1508.4 | th.m.² | |
| Agricultural produce | 50.1 | 52.1 | 57.2 | billion roubles | |
| Investments into fixed capital | 52.1 | 53.7 | 62.4 | billion roubles | |
| Accumulated foreign investments | 71.7 | 97.6 | 157.1 | million US$ | |
| Foreign trade turnover | 2646 | 3045.3 | 3840.6 | million US$ | |
| Export | 2303.4 | 2724.4 | 3525.9 | million US$ | |
| Import | 342.3 | 320.9 | 314.7 | million US$ | |
| Wholesale trade turnover | 117.7 | 118.1 | 151.2 | billion roubles |
Read more about this topic: Bashkortostan
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