Tatarstan - Economy

Economy

Tatarstan is one of the most economically developed regions of Russia. The republic is highly industrialized, and ranks second only to Samara Oblast in terms of industrial production per km2. Tatarstan's GDP per capita was USD 12,325 in 2004, with GDP in 2008 at about 930 billion rubles.

The region's main source of wealth is oil. Tatarstan produces 32 million tonnes of crude oil per year and has estimated oil reserves of more than 1 billion tons. Industrial production constitutes 45% of the Republic's gross regional domestic product. The most developed manufacturing industries are petrochemical industry and machine building. The truck-maker KamAZ is the region's largest enterprise and employs about 1/5 of Tatarstan's work force. Kazanorgsintez, based in Kazan, is one of Russia's largest chemical companies. Tatarstan's aviation industry produces Tu-214 passenger airplanes and helicopters. The Kazan Helicopter Plant is one of the largest helicopter manufacturers in the world. Engineering, textiles, clothing, wood processing, and food industries are also of key significance in Tatarstan.

Tatarstan consists of three distinguished industrial regions. The northwestern part is an old industrial region where engineering, chemical and light industry dominate. In the new industrial Northeast region with its core in the Naberezhnye Chelny-Nizhnekamsk agglomeration, major industries are automobile construction, chemical industry, and power engineering. The Southeast region has oil production with engineering under development. The North, Central, South, and Southwest parts of the Republic are rural regions.

The republic has a highly developed transport network. It mainly comprises highways, railway lines, four navigable rivers — Volga (İdel), Kama (Çulman), Vyatka (Noqrat) and Belaya (Ağidel), and oil pipelines and airlines. The territory of Tatarstan is crossed by the main gas pipelines carrying natural gas from Urengoy and Yamburg to the west and the major oil pipelines supplying oil to various cities in the European part of Russia.

Read more about this topic:  Tatarstan

Famous quotes containing the word economy:

    Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.
    Henry David Thoreau (1817–1862)

    War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
    Doris Lessing (b. 1919)

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)