Other Industries: from an Astrologer to a Rantier – Overall Growth. The FBK research of “How Much is Russia”

Bringing to an end the valuation of Russian economy under the project of “How much is Russia: 10 years later”, the FBK analysts produced a summary assessment of industries which finally turned out to be among the “Other industries”(forestry; fisheries; repair of motor vehicles, motorcycles; hotels; real estate operations; lease and provision of services; housekeeping services; activities of exterritorial entities; provision of other communal, social and personal services including the services of astrologers, spiritists, genealogy investigators and bootblacks).

The assessed value of other types of economic activities gave the following result – 435.1 trillion of roubles. The formal comparison against the cost of “Other industries” ten years ago demonstrates a double increment of cost.

The total portion of the relevant industries in the gross value added (GVA) of the entire economy in 2013 amounted to 11.6%, of which 10.5% are “real estate operations, lease and delivery of services“ (without the part of “Scientific research and development”), and the operations with real estate proper are – 5.4%. To compare: the share of real estate operations for the EU countries is in average -11.1% (2012). The leader among the European countries in terms of the GVA real estate portion in the GVA of the country’s economy is Greece (15.8%).

There are types of economic activities the portion of which in the GVA of the entire economy, if compared with the European countries, is microscopically small. For example, GVA of housekeeping services is a very small part of GVA of the country’s economy – about one ten-thousandth. In the National Accounts of European countries a similar sector takes on the average 0.5% of the entire economy GVA. The highest in Italy and Cyprus – 1,2%. In Spain its share is 0.9%, in France – 0.4%, in Germany – 0.3% of the entire country’s GVA.

However, in the heading of “Others” there are such kinds of economic activities by which Russia produces a higher proportion of the country’s GVA than the average for the EU countries: fishery and fish-farming (in Russia – 0.2%, EU average – 0.1%) and renting of machines and equipment without an operator, rent-a-car and consumer goods and articles of personal use rental (in Russia – 0.8%, the EU average – 0.5%).

You can find detailed materials of the study at http://www.skolko.ru/.