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Economic Situation in the Far Eastern Federal District in 2021

Author

Listed:
  • Olga Mikhailovna Prokapalo

    (Economic Research Institute FEB RAS)

  • Anna Borisovna Bardal

    (Economic Research Institute FEB RAS)

  • Marina Gamilovna Mazitova

    (Economic Research Institute FEB RAS)

  • Denis Vladimirovich Suslov

    (Economic Research Institute FEB RAS)

Abstract

In this paper we analyze the socio-economic situation in the Far Eastern Federal District in 2021. We consider the main types of economic activity and territorial-administrative regions and base our analysis on operational statistical, analytical, and expert information. We take up the problems of functioning of the branches of the real sector of the economy, the social sphere, and foreign economic activity under the influence of the mitigation of restrictive measures of functioning in the conditions of the ongoing crisis caused by the pandemic. We note an increase in investment activity above the level of the pre-pandemic period of 2018–2019 as projects in the field of mining, transport, logistics, and gas-chemical projects had a positive impact on the increase in investment resources. Against the background of the positive dynamics of the production activity of regional industrial enterprises, a slowdown in the intensity of recovery relative to national parameters was noted. The manufacturing industry of the macroregion has demonstrated significant growth rates, but multidirectional production trends persisted in the two largest Far Eastern subjects of the Russian Federation (from the point of view of the extractive industry) – the Republic of Sakha (Yakutia) (growth), and the Sakhalin Region (decline). Positive aspects (weak growth) were recorded in overcoming the real incomes crisis. The real income is still, however, below the pre-pandemic level of 2019. The growth of monetary incomes of the population in real terms was observed in the Jewish Autonomous Oblast, Primorsky Krai and Kamchatsky Krai, the Republic of Sakha (Yakutia), Amur Oblast, and the Chukotka Autonomous Okrug. At the same time, only in the Chukotka Autonomous Okrug the growth rate of real incomes of the population exceeded the average Russian level. The process of population decline continues due to a decrease in the birth rate and an increased number of deaths, which was noted back in 2020; positive factors include an increase in the population due to migration growth in the five Far Eastern regions of the Russian Federation

Suggested Citation

  • Olga Mikhailovna Prokapalo & Anna Borisovna Bardal & Marina Gamilovna Mazitova & Denis Vladimirovich Suslov, 2022. "Economic Situation in the Far Eastern Federal District in 2021," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 135-182.
    • Handle: RePEc:far:spaeco:y:2022:i:2:p:135-182
    DOI: https://dx.doi.org/10.14530/se.2022.2.135-182
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    References listed on IDEAS

    as
    1. Alexander Yu. Knobel & Alexander S. Firanchuk, 2022. "Foreign Trade in 2021: Export Growth Driven by a Leap in Prices [Внешняя Торговля В 2021 Г.: Рост Экспорта За Счет Скачка Цен]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 10-14, February.
    2. M. Yu. Malkina, 2022. "The Resilience of the Russian Regional Economies to the 2020 Pandemic," Regional Research of Russia, Springer, vol. 12(3), pages 309-320, September.
    3. Marina Yurievna Malkina, 2022. "Resilience of the Russian Regional Economies to the 2020 Pandemic," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 101-124.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    monitoring; GRP; regional industrial complex; investment; infrastructure; inflation; standard of living; labor market; foreign trade; pandemic; Far Eastern Federal District;
    All these keywords.

    JEL classification:

    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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