potencial

Economy

Economy

For several years, the Nenets Autonomous Okrug has been a leader in terms of gross regional product per capita. According to estimates, the volume of GRP in 2015 amounted to 217,605.3 million rubles –5.0 million rubles for each resident of the district.

The volume of investments in fixed assets in 2016 is 85,117.0 million rubles, which per capita is about 1.9 million rubles.

The main increase in gross regional product is provided by oil production, and the bulk of the investment goes to the development of oil fields, which is about 96.0% of the total investment.

Despite the fact that, due to the specific nature of the natural resource potential, the economy of the Nenets Autonomous Okrug is of a mono-profile nature and is mainly focused on the oil industry, the advantages of the Nenets Autonomous Okrug from the point of view of investment attractiveness include:

- the presence of large reserves and mineral deposits;

- rich natural resource potential;

- advantageous geographical position: the northern coast of the European part of Russia, the proximity of the Northern Sea Route;

- the availability of opportunities for the development of Arctic tourism.