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RUSSIA

At over 17 million 75 thousand square kilometers, Russia is the largest country in the
world by surface area; and the ninth most crowded country with a population of more

than 142 million people. Russian insurance market has 191 active insurance institutions,
which produced 19.7 billion USD in premiums at the end of 2017

Russia is a Northern Eurasian country governed as a federal rate stands at around 99.7 percent. Official language is Russian.
semi-presidential republic. It is bordered by Norway, Finland, Es- Country’s population mainly consists of Orthodox, Cristian and
tonia, Latvia, Lithuania, Poland, Belarus, Ukraine, Georgia, Azer- Muslim people. Approximately 46 percent of the population are
baijan, Kazakhstan, China, Mongolia and North Korea; covering males, while the remaining 54 percent are females. The population
one eight of the world’s habitable area. Russia is also the ninth most is dominated by the age group of 25-34 with a share of 44.2 per-
crowded country with a population exceeding 142 million. cent, followed by children between 0 and 14 years old with a share
of 17.2 percent, elders older than 64 with 14.6 percent, people be-
The country is divided into 9 different time zones and harbors var- tween 55 and 64 with 14.5 percent, and young people between 15
ious environmental and geographical formations. With a historical and 24 with 9.4 percent.
legacy stretching from Eastern Slavic People to Byzantium Empire,
from the Soviets to the World War II., Russia is also the world’s Literacy rate is 99.7%
ninth biggest country in terms of economic development. Its miner-
al and energy reserves, petroleum and gas production and nuclear GDP is currently known to stand at 1.578 trillion USD, while GDP
weapon industry are the main elements making it one of the strong per capita is 27,900 USD. Major agricultural products of the coun-
countries. try include grains, sugar beet, sunflower seeds, vegetables, fruits,
bovine meat and milk. Major sectors of the economy are coal,
Oil and gas are the most vital resources oil, natural gas, mineral industry, machinery and defense industry,
means of transport, communication tools, construction, electronics,
The country is dominated by a humid continental climate, yet a scientific equipment, and textile products. General unemployment
big part of Northern European Russia and Siberia is covered by rate is 5.2 percent, and 13.3 percent of Russian population live be-
semi-arctic climate. Arctic climate can also be seen. Most vital nat- low the national poverty line.
ural resources of Russia include oil reserves, natural gas, coal, min-
erals, bauxite, and timber. Despite being the world’s largest country Selected indicators for Russia
by surface area, Russia does not have large cultivable lands due to Population 142,1 million
unfavorable settlement conditions and dry climate.
GDP Per Capita 27.900 USD
Its capital city is Moscow. There are different ethnical societies Unemployment rate 5,2%
living in Russia including Russians, Tatars, Ukrainians, Bashkirs,
Chuvashes, and Chechens. 74 percent of the population reside in ur- GDP 1.578 trillion USD
ban areas, mainly in Moscow, Saint Petesburg, Novosibirsk, Yeka- Public debt 15.5% of GDP
terinburg, Nijniy Novrorod and Samara. Average life expectancy is Number of insurance companies 191
71.3 years.
Total premium production in 2017 19.7 billion USD
In Russia, health costs account for 7.1 percent of GDP, while ed- Source: CIA, ARIA
ucation costs account for 3.8 percent. On the other hand, literacy